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.
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+-|
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.