Parowan, UT

The great thing about doing posts about the various subdivisions in the Cedar City Real Estate Market, is that I get to learn more about them as well. It appears as though I have failed to include the Sky Ranch Subdivision in my initial series of posts. I am going to remedy that today.

The Sky Ranch Subdivision is located on the west side of Parowan, it is a subdivision that was built in the late 1990’s. There are homes that are newer than that, but the majority of the homes date to that time period. This is a subdivision of mostly starter homes, there are a couple of custom homes in the subdivision, but for the most part it consists of starter homes.

There is currently 1 home listed for sale in the Multiple Listing Service. It is listed at $129,900. In the past 12 months there have been 2 homes sell, ranging from $106,000 to $125,000. There is currently one lot listed for sale at $18,900.

Market Update 3/13/2012: There is currently 1 homes listed for sale in the Multiple Listing Service. It is listed at $144,500. In the past 12 months there have been 3 homes sell. They have ranged in price from $106,400 to $129,000. There are currently no lots listed for sale in Sky Ranch.

The Sky Ranch Subdivision is a great place to live! It is another of the gems in the Cedar City Real Estate Market!

Here are some photos:

Home in Sky Ranch Subdivision

Another Home in the Sky Ranch Subdivision

One more home in Sky Ranch Subdivision

As I have mentioned the one really fun thing about working in the Cedar City Real Estate Market is that we have several smaller cities that we work in. Parowan is one of those cities, it is also a City that is near and dear to me. My mother was born and raised in Parowan as was my grandfather. It is the county seat of Iron County and has a population roughly of 3000 people.

There are all types of homes to be found in Parowan from Pioneer homes to brand new executive homes. There are also a lot of Park model homes in the Foothills RV lot. This RV lot is unique in that you actually buy the lot space rather than renting it. For those looking for less maintenence, there are even some condo complexes!

There are several subdivisions in Parowan that I will highlight individually, this is just an overview of the town in general. This posting will reflect all of the homes listed for sale in the Parowan area, including those inside of individual subdivisions.

Currently in the Multiple Listing Service there are 60 homes for sale in Parowan. They range in price from $29,900 to $999,999, this ranges from a mobile home in the Foothills RV Park to a large ranch home on over 40 acres. Parowan is the gateway to Brian Head Ski Resort, and is a nice, central location to have a second home. In the Cedar City Area Real Estate Market towns like Parowan are some of the real "jewels" to be found!

Market Update 12/27/2011: There are currently 53 homes listed for sale in the Parowan area ranging in price from $22,000 to $999,999. In the past 12 months there have been 33 homes sell in the Parowan area ranging from $12,000 to $535,000. There are currently 96 lots for sale ranging from $5,500 to $500,000.

Market Update 3/12/2012: There are currently 52 homes list for sale in the Multiple Listing Service in the Parowan area. They range in price from $12,500 to $999,999. In the past 12 months there have been 34 homes sell in the Parowan area. They ranged in price from $12,000 to $575,000. There are currently 81 lots or land parcels for sale in the Parowan area. They range in price from $14,000 to $2,700,000.

House in Parowan

Another Historic Home in Parowan

Newer Home in Parowan

I have often talked about the diversity of the Cedar City Real Estate Market. Much of that come from the different cities in Iron County. This particular post is in the County Seat, Parowan. The subdivision, Aspen Cove, is a unique subdivision, the first phase was built as a PUD and the later phase is not. The first phase was built in the mid 1990's and the second phase was built around 2005. It was built on smallish lots for our market, they are typically .13 of an acre, which in our area is pretty small.

The homes are all single family detached and currently there are no homes listed for sale in our MLS. So it is a stable subdivision.

Market Update 2/24/2012: There are currently 2 homes listed on the Multiple Listing Service. One is a foreclosure listed at $84,900 and the other is listed at $190,000. In the past 12 months there has not been any homes sell. There are currently 3 lots listed for sale. These lots range in price from $33,000 for 1/3 acre lots or $70,000 for .52 of an acre lot.

Here are some photos:

Aspen Cove Two Story Home

Another Aspen Cove Two Story

Aspen Cove Single Story Home

One of the single story homes in the new phase of Aspen Cove

The Cedar City Real Estate Market has a few subdivisions that are estate or gentleman’s ranch sized building lots. One of the newer of these type subdivisions in Iron County is Red Canyon Estates. It is located between Parowan and Summit on Old Hwy 91. These are homes on acreage. They were started around 2002 and are still being built. These are mostly upscale homes on parcels of land 5 acres and larger. Some of the lots are in the trees on the hill.

This is another subdivision that really has suffered in the market downturn. This is still a subdivision with some great potential, especially if you’re looking to have some elbow room. The Red Canyon Estates Subdivision does have some nice homes built there already, and would love to have a few more!

There are currently 2 homes listed in the Subdivision one at $189,900 and one at $580,000.

Market Update 1/23/2012: There are currently no homes listed for sale in the Multiple Listing Service in the Red Canyon Estates Subdivision. In the past 12 months there have also been no homes sell in the Red Canyon Estates Subdivision. There are 2 lots listed for sale. One is listed at $40,000 and the other is listed at $45,000. Both lots are 5 acres.

Here are some photos:

Entrance Sign into Red Canyon Estates

Home in Red Canyon Estates

Log Home in Red Canyon Estates

Another Red Canyon Estates Home

Stillwater Estates is another great, newer subdivision in the Cedar City/Parowan Real Estate Market. It is West of Maple Springs, on the Southwest side of Parowan. Like Maple Springs it is accessable from 200 South which is what Exit 75 turns into off of Interstate 15.

Stillwater Estates is also a move up subdivision, with custom homes on larger lots, .5 of an acre. It is near the mountains, and consequently Brian Head. This subdivision started in 2005 and has some lots left to build your dream home on.

There is currently one home listed for sale on our MLS for $329,000. There is another home that will be coming on to the MLS shortly, it is an REO or a foreclosure property, so we aren’t sure where it will be priced as of this writing.

Market update 5/10/2011: Currently there are no homes listed for sale in our Multiple Listing Service in Stillwater Estates. As you can see, this is a one of our newer, stable subdivisions in the Cedar City/ Parowan Real Estate Market!

Market Update 1/17/2012: There are currently no homes listed for sale in our Multiple Listing Service. In the past 12 months there have been 2 home sell in Stillwater Estates. One sold for $169,500 and the other sold for $180,000. There are currently 6 lots listed for sale. They range from $24,900 and $64,000 in price and from .24 to .78 of an acre in size.

Stillwater Estates really is one of the gems in the Cedar City Real Estate Market. Parowan is one of the great secrets in our market place, which adds to the desirability of Stillwater Estates.

Here are some photos of Stillwater Estates:

Stillwater Estates Home

Another Custom Stillwater Estates Home

Another Home in Stillwater Estates. This one looks sad, when I took the picture, this home was in foreclosure. I probably need to go and re take some more photos.