Category Archives: Flagstaff Housing Sales

Flagstaff October Housing Prices Up 6%

October housing prices in the greater Flagstaff region hit a new monthly high with the median sale price coming in at $426K which is up 6% from the same month last year. There were a total of 110 sales in October which is down 2% from a year ago. The average price paid per square foot was $232 up 10%. Year to date through October, prices have risen 10% from a year ago. No doubt low mortgage rates are helping drive this market. A 30-year fixed rate mortgage, with no points is at 3.625% which is up an 1/8th of a point from a month ago. Until next month, here for all of your real estate needs.

Flagstaff Sept Housing Prices and Sales Hit New Highs

September housing sales in the greater Flagstaff region jumped 35% compared to the same month a year ago. September housing prices rose 12% with the median sale price coming in at $425K which represents a new high for the month. Prices for the 3rd ¼ and for the first 9 month’s also hit new highs. Here’s the breakdown.

Time Period SFR Sales    Yr/Yr+- Median $    Yr/Yr+-
Sept 19      135*    +35%    $425K*    +12%
3rd ¼      414    +26%    $425K*    +12%
1st 9Months      890     FLAT    $420K*     +9%

*New High

As you can see, the market remains very strong. And of course, low mortgage rates are helping a lot. A 30-year fixed rate mortgage is at 3.5% with no points.  There’s one more quarter to go in the year but it’s looking like 2019 will be a very strong year. Until next month, here for any & all of your real estate needs.

Flagstaff August Housing Prices Rise 6%

August Housing prices in the greater Flagstaff area rose 6% from a year ago with the median sale price coming in at $404K, setting a new monthly price high for August. It is however, down from July when the median sale price was $446K. The average price paid per-square-foot was $233 which is also a new high and up from July’s psf of $225. Housing sales rose 17% from the same period last year.  There were 134 houses sold in August, the most in 14 years. A big contributor to the strength in our real estate market are mortgage rates which recently hit a 3-year low. Currently a 30-year fixed rate mortgage can be had at 3.5% with no points.  Presently there are 146 houses available for purchase in the Flagstaff City limits with the median asking price at $446K. Until next month here for any & all of your real estate needs.