Howdy, and welcome to your Kanab Real Estate Roundup summary for the month of October 2022!
WATCH THE FULL VIDEO UPDATE →HERE←
Last month, 8 homes sold at an average price of $468,000, a square foot price of $256/sf, and after spending 72 days on the market.
To give you some historical perspective, here are the October stats going back to 2017:
Year - #Sold - Avg Price - Price/sf - Days on Market
2017 - 8 - $179k - $131/sf - 90
2018 - 11 - $285k - $143/sf - 94
2019 - 11 - $249k - $137/sf - 131
2020 - 14 - $317k - $148/sf - 82
2021 - 15 - $394k - $202/sf - 80
2022 - 8 - $468k - $256/sf - 72
What this seems to say is that home prices are continuing to rise, the number of sales are down to pre-pandemic days, but homes are selling as fast as ever.
If you have any questions about the real estate market in Kanab, we're here to help!
Karen Heet, Owner/Broker
Love Realty Utah
We LOVE being your only team-based, independent, real estate brokerage in Kanab!