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: