Cedar City – 1st Quarter Numbers

by bryceross on May 4, 2011

1) Sales have increased

In the first few months of 2010 there were 130 homes sold compared to 144 homes sold in 2011.

2) Prices are still falling

Unfortunately, the average sales price has dropped $9,000 from the first quarter in 2010 ($142,158).  The average sales price for the first quarter of 2011 is $133,536.

3) Homes are selling quicker

The average time on the market has decreased an entire month from 2010 to 2011. (184 days during to 1st quarter of 2010, to 153 days in 2011)

4) Foreclosure Activity is slowing

In the first quarter of 2010 there were 218 notice of defaults filed (An Average – 72/per month).  In 2011, there have only been 160 Notice of Defaults recorded (An average of 53/ month).

 

 

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