Tag Archives: Houses

2018 Sets Record Price High

Hello Everyone& Happy New Year-2018 was a record setting year with housing prices hitting new highs for the year, the 4thquarter and for the month of December. For calendar 2018 the median sale price of a house sold in the greater Flagstaff area was $385K beating the old high of $379K set back in 2006. There were a total of 1154 houses sold, off slightly from 2017.  Here are all of the numbers.

Time Period SFR Sales Year/Year+-   Median $ Year/Year+-
Dec 2018 67       -28%     $379K*       +1%
4th1/4 2018  263       -10%     $390K*      +5%
  2018 Year   1154       -1%     $385K*      +3%

*New High

What stands out most, besides the new price highs of course are the sales numbers. 2018 was off 1% but the quarter and especially the monthly sales number tanked. If that trend continues, prices should pull back some. Mortgage rates dropped 1/8th of a point from last month. The 30-year fixed rate is currently at 4.25% with no points. Until next month here for any & all of your real estate needs.