Yesterday I received a call from a Realtor in Sedona and we ended up having a long, pleasant chat. We got on the subject of bank owned properties and foreclosures, a common topic these days. She explained the number of them in Sedona is pretty high and some smart investors are jumping back in the market, picking up the bargains. She then asked me about Page’s bank-owned properties and forclosures. Well, imagine her surprise when I said, through the MLS there was only 1 in Page, a business, and 1 in Greenehaven, a mobile home. On the Utah side in Big Water, there are none. Zero, Zip, Nada.
She also mentioned home prices in Sedona have dropped to 2004 levels. I told her our home prices, while less homes have sold, remained steady.
I think the steady home prices and lack of foreclosures are indicative of the fact Page, and the Lake Powell area, home prices never got caught up in the housing boom that went on in so much of the country. The Page Lake Powell area housing market in the past has remained pretty well isolated from large booms and bad falls – much like it is geographically isolated.
If you would like more information homes and properties currently for sale in Page, Lake Powell, area, please contact me. You can also search our local Multiple Listing Service (MLS) for local homes and properties for sale.