The Cedar City Real Estate market is still strong.  I hear a lot of pesimists saying that it is falling apart or crashing but that just isn’t the case.   Homes under $200,000.00 dollars are still selling like hotcakes!  This is because that is the price range that an average person in Cedar City can accually afford with current Cedar City wages.  

There are some very soft spots in the market that we must address.  First of all spec homes in the $300,000-400,000 dollar range.  Last spring and summer we had absolutely no inventory for new homes so builders started charging outrageous amounts to build homes due to demand.   They went from charging around $10,000 dollars per house in builder profit to around $70,000.  While I can’t blame them because people were paying this amount that is quite a jump.   So last year no inventory and low interest/booming Southern California and Las Vegas made this possible.   This year all these builders have massive inventory (Something like 800 spec homes on the market)  then you mix that with Southern California and Las Vegas slowing and you can that Cedar Cities builders are in for a ride.  This is good and bad, if you are buyer in this price range you can afford to be extremely picky, ask for free upgrades, negociate big discounts ect.   It is certainly a buyers market in this price range. 

So what does this mean for the average home owner?  Well if you are looking to sell your home you will need to price it right in order to sell for the most money in the shortest amount of time.  This is why you should hire a professional real estate agent like myself to assist you in the pricing and marketing of your home.   I not only help you sell your home but I help negociate with buyers, I deal with title companies, appraisors, home inspectors, mortgage companies and all the people involved with the purchase or sell of a home.   So call me, Sam Dodd for all your real estate needs.   I look forward to talking with you and remember it doesn’t cost you a thing to call me and have me give you a free Comparitive Market Analysis of your home.   

This entry was posted on Wednesday, July 12th, 2006 at 6:29 am and is filed under Cedar City Real Estate, Home Selling Tips. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.