In doing updates to my series of subdivisions in the Cedar City Real Estate Market, I realized that there are several great subdivisions that I had overlooked initially. Spanish Trails is one such subdivision, it is in Enoch. It is a mixed subdivision of “stick built” and manufactured homes. The subdivision dates back to the late 1970’s but there are several new homes located there as well.
Spanish Trails homes are located on large lots, .4 of an acre and larger, and have historically been mostly starter homes although there are a few larger, custom styled homes. There are animal rights available in Spanish Trails, so it isn’t uncommon to see homes with horses in the back yards.
This is a subdivision that was hit pretty hard with the bursting housing bubble. Many of the foreclosed homes have sold, but there are still a few remaining. Some of the foreclosed homes were sold then torn down with new homes replacing the old homes.
There are currently 4 homes listed for sale in Spanish Trails, ranging in price from $85,000 to $175,000. In the past year there have been 5 homes sell ranging in price from $43,000 to $125,000. There is currently one building lot listed for sale at $37,900 for a .53 acre lot.
Market Update 3/8/2012: There are currently 3 homes listed for sale in the Multiple Listing Service. They range in price from $72,000 to $175,000. In the past 12 months there have been 6 homes sell in the Spanish Trails Subdivision. They ranged in price from $41,600 to $135,000. There are currently 1 building lot listed for sale. It is listed at $37,900 for .53 of an acre.
Spanish Trails is still one of the more active subdivisions in the Cedar City Real Estate Market. This is still a great place to live, and you have room to stretch out and not have neighbors right on top of you.