Page Lake Powell Real Estate Market Report – August 2008

The Page Lake Powell Real Estate market for the month of August is nothing, if not steady. It is pretty much exactly the same as last year, which while not good news, certainly isn’t horrible either.

We had 3 single family homes close in Page with an average price of $276,654

There were 3 manufactured homes close, average price $81,250

1 larger commercial piece of land sold for just over $306,000

2 manufactured home lots sold with an average price of $36,700.

While home prices in Page, AZ, seem to have dropped a bit, it is hard to tell in just one month only comparing 3 homes sold this August to 3 homes sold in August of 2008 but it is roughly a 10% drop in price.

It is also noteworthy that lower priced homes are selling. Currently in the Page Lake Powell market, including Greenehaven, we have 47 homes for sale with an average price of $383,655, significantly higher than what sold in August.