The Cedar City Real Estate Market has several upscale subdivisions available for the “move up” buyer. West Ridge Estates is one such subdivision. This is a subdivision that has seen some distressed sales due to the bursting Real Estate bubble. The sale prices of some of the homes in the past year or more reflect that decline.
That doesn’t mean that West Ridge Estates isn’t still one of the prime locations in the Cedar City Real Estate Market. It is comprised of some really, really nice homes. This is a great subdivision in that the views and the homes we really nice. I was surprised when we got back and found that there are currently 8 homes listed for sale in West Ridge Estates.
There is one REO property that skews the prices a little, but the 8 listed are ranging from the $185K to $418K range. There is also one FSBO that we need to call on!
Market Update 1/13/2012: There are currently 2 homes listed for sale in the Multiple Listing Service. One home is listed at $274,900 and the other is listed at $318,625. In the past 12 months there have been 7 homes sell. These homes ranged in price from $155,000 to $260,000. West Ridge Estate is a completed build out, there are no building lots for sale.
West Ridge Estates really is one of the gems in the Cedar City Real Estate Market. There have been some great bargains here in the past year. The 2 homes currently listed reflect its status much more than the distressed prices.
See what I mean, here are some of the houses: