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% |
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.
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.
May housing sales in the greater Flagstaff region set a sales record for the month with 119 sales which is up 6% from the same month last year. The median sales price came in at $400K tying the May record set back in 2007. This time however sales are almost double what they were back then. This May the average price paid per-square-foot was $225 which was not the record. That was $232psf set in May of ’06. Inventory levels have risen but not quite to the levels of a year ago. Currently there are 424 houses available for purchase but only a third of those are priced at $400K or below. Mortgage rates are down an 1/8th of a point from a month ago with a 30-year fixed rate available at 3.50% with no points. Until next month, here for any & all of your real estate needs.