Today’s Market Report For Payson Utah

Here is a quick market report on homes selling in Payson, Utah. From February 1, 2009 through August 6, 2009, there have been (73) Single Family Homes sold in Payson, Utah and (9) Condos sold in Payson, Utah. The over all average sales price for Single Family Homes in Payson, Utah is around ($186,000.00) and the average Condo sales price in Payson, Utah is around ($133,000.00). There have been (29) Single Family Homes sold between ($50,000.00 to $179,999.00). There have been (15) Single Family Homes sold between ($180,000.00 to $199,999.00). There have been (29) Single Family Homes sold between ($200,000.00 to $749,999.00). As of today there are currently (153) Total Homes for Sell in Payson, Utah. Home with (4) or more bedrooms are winning the race at  (47) homes sold, homes with (3) bedrooms came in Second with (22) homes sold and last but not least (2) bedrooms or less are dragging up the rear with only (4) homes sold. After speaking to a few a the other Realtors in this area and the number of inquiries that I have received from Buyers looking to purchase a new home, I honestly believe that we are moving towards an upswing in the Real Estate market here in Payson, Utah, the over all home prices are not going up but the sales are. We are slowly but surely clearing out a lot of the distressed properties in the area, therefore bringing down our inventory.