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.
July housing prices in the greater Flagstaff region hit another new high, with the median sale price coming in at $445K. This is up 16% from July ’18. The total housing sales number for the month was 145, up 28% from a year ago. This is the most sales we’ve had in July, in 14 years. In July of 2005 there were 152 sales but back then the median sale price was only $329K. If you do the math, you’ll see that a lot more money was spent this July. The average price paid per-square-foot this July was $224 which is not quite the high, that being $227psf in ’06. Helping boost sales and prices are lower mortgage rates. A 30-year fixed rate mortgage is now at 3.375% with no points. This is down 3/8th of a point from last month. Inventory levels have risen. There are currently 198 houses available for sale within the Flagstaff City limits with the median asking price of $510K. Until next month, here for any & all of your real estate needs.