Kanab Real Estate Roundup for the week of October 18th 2022
Welcome to your Kanab Real Estate Roundup for the week of October 17, 2022!
- New listings: 2 single family homes, 1 manufactured home, 1 single family lot
- Sold listings: 3 single family homes, 1 single family lot
- Price reductions: Total of 10 - 5 townhomes, 2 single family homes, 1 single family lot, 2 vacant land
The average square foot price of homes sold in Kanab has steadily increased since I started doing the Kanab Real Estate Roundup in 2017.
- 2017 price per sf = $117
- 2018 = $132
- 2019 = $133
- 2020 = $176
- 2021 = $221
- 2022 = $235
National sources expect home prices to depreciate a little or stay flat in 2023, and then appreciate again in 2024. NOT like the 5 years of home value depreciation after the 2006 mortgage crisis.
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