Home > Blogs > Leslie Prest > Where is Payson, AZ, and why should I buy a house there?

Market Update of homes for sale in Payson, AZ

By Leslie Prest

Real Estate Broker/Owner with Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ

May 08, 2007 07:34 AM

Hi
From Payson

Hi, from Payson, Arizona. Inventory of homes for sale is definately climbing in Payson.

I checked listings (residential- any kind) added in Payson proper for each month of 2007. January added 42, February added 37, March 81, April 88, and there are already 19 new listings in May. (Notice a trend here?).

There are now, including homes that went on the market prior to 2007, over 400 active listings in Payson.
By contrast, a grand total of 115 properties have sold in Payson in 2007.

The average price for the active listings (this is in Payson, any homes- mobile, manufactured, site-built, condo, etc.) is currently slightly over $180,000, but not very many listings are coming up new under $200,000. The average for SOLD properties for 2007 is nearly $250,000. Higher end properties are selling better than mid-range. Average days on the market for the sold properties is about 115 (up from a few months ago).

I couldn't resist playing with the backgrounds- what do you think?

Bye From Payson

Comments(3)

Comment

Show All Comments

Sort:

Mesa, Arizona Real Estate Mesa Arizona Realtor

Homes Arizona Real Estate LLC - Mesa, AZ

AzLadyInRed

Looks good - the background I mean. I think that your market is similar (in a much smaller way) to our's in the Phoenix Valley. Today we had 52,456 active listings in our MLS..........I'm looking forward to moving down to the 25,000-30,000 range where it's more balanced. Nice information though on Payson. A very beautiful area.

May 08, 2007 10:53 AM

Leslie Prest

Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ - Payson, AZ

Owner, Assoc. Broker, Prest Realty, Payson,

Hi, The main difference between us and the Phoenix area is that Payson is surrounded by National Forest, so we don't have the subdivisions building up on the outskirts. We're at the filling in vacant lots stage in town.

May 09, 2007 06:57 AM

Yvonne Root

rooms b.y. root - Prescott, AZ

Home Stager - Northern Arizona

Leslie, I love your playing with the background business. You chose the perfect one for Payson! It is a bit warm over here in the Mayer area today. I think I would like to be in Payson today instead. You gave me a breath of cool air, Thanks.

May 09, 2007 11:05 AM

Market Update of homes for sale in Payson, AZ

Comments(3)

Leslie Prest

Real Estate Resources

Recent Posts