August home prices again top $300K in Flagstaff

River Road home in Flagstaff
River Road home in Flagstaff

Arizona Daily Sun

Mark down the summer of 2013 as a trifecta for the Flagstaff real estate market.

With August sales figures now in, the market racked up three straight months with median sales prices above $300,000, according to data from the Northern Arizona Association of Realtors multilisting service.

The median price in August for a detached single-family house came in at $304,000 for Flagstaff and its surrounding communities.

That is up 21 percent from a year ago, and the number of sales is up 14 percent.

Median prices haven’t topped $300,000 since 2008, before the financial markets crashed and the recession started that fall.

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