Real Estate Statistics for Payson, AZ, for May, 2008
These stats are only for Payson, for outlying areas, please contact us.
Site-built homes:
22 sold through RE offices in May in Payson, at prices from $137,900 to a million.
-4 were under $200,000
-6 in the $200,000s
-5 in the $300,000s
-7 over $400,000
The average days on the market was 159
I checked the sold price versus the asking price, the following is the percentage of the asking price for which the house actually sold
-Payson NE 82%
-Payson NW 90%
-Payson SE 87%
-Payson SW 97%
When the market was better the percentages were much higher. Even though prices have not dropped a lot in Payson, the homes are selling for a good bit under the asking price.
Manufactured homes:
NO sales in May.
Rentals- still signing leases for low to moderate priced rentals.
For a downladable, PDF version of this, click here.
Payson is a great place to retire, a small town but close to the Phoenix metro area when you want it.
If you anticipate moving to Payson "down the road" Prest Realty can help you. We are the only Agents in town who manage rentals AND handle sales. Payson homes are coming down somewhat, and we think that this summer there will be some bargains! We can help you find a nice home for a nice price, AND we can rent it for you until you are ready to move. Prices will eventually go back up, now is the time to buy!
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