Davis County Home Sales up 17% in March

Unofficially, home sales in Davis County Utah were up by almost 17% compared with March of last year. Compared with February, which was a pretty dismal month for home sales, they were up by 41%. Of the 284 residential homes in Davis County Utah that were reported sold on the MLS, the average sales price was $214,844. This is 10% less than March 2009’s average sales price of $239,050.

Davis County Real Estate has also seen an increase in the number of homes that have gone under contract, and that are currently listed. Right now there are 2,240 active residential homes for sale in Davis County Utah. This is up from last month, but based on March’s sales numbers drops the inventory level to 7.88 months of active inventory. 523 residential homes are currently under contract. This indicates that April and May should be good months for future home sales.…

Davis County Home Sales for October

The Davis County Real Estate Market is pretty unpredictable right now.

October Home sales in Davis County are way down compared to Last year. This is somewhat surprising as home sales were actually up in the year over year comparison for September.

According to the statistics provided by the Wasatch Front Regional MLS, 248 Davis County Homes were sold in October. The median sold price of these residential homes was about $214,000 and the average price was $236,862. This average price is actually about 3% higher than last Octobers average sold price of $229,000.

At Octobers home sales pace, Davis County Utah offers 9.3 months of active inventory.…

Box Elder County Real Estate

While there isn’t a large population, or a lot of real estate activity in Box Elder County Utah there is some. More than 70% of Box Elders real estate activity takes place in Brigham City and Tremonton Real Estate.

There are currently 306 residential homes for sale in Box Elder County listed on the MLS. Most of these are single family homes for sale but 11 are condominiums and 2 are mobile homes without land. The ratio of homes sold vs. homes on the market for Box Elder County is quite good for Utah. in the past year, 540 homes have sold. 205 of these were Brigham City homes that have sold in the past year.

Homes in Box Elder County are very affordable. The median price of homes sold in the last year is just $156,500 and the average home price is $170,000.…

Box Elder County Home Sales Up

Box Elder County Real Estate saw its best month for home sales in a while. Home sales numbers were up nearly 48% compared with March of last year when just 22 residential homes sold. They were also up 40% from February’s numbers.

While home sales in Box Elder County were up, homes were selling for a lot less than what the sellers originally wanted. From the 42 Box Elder County Homes that sold during March, on average sellers got just 83% of their original list price. Some Box Elder County buyers probably got some pretty good deals. The median price of homes sold in March was $148,750 while the average sold price was $173,313.

Inventory of homes in Box Elder County is up as well. Currently, there are 385 residential homes for sale in Box Elder County Utah. At March’s home sales pace, this is just over nine months of active real estate inventory.…

Year Over Year Home Sales Improved in Logan

The Logan Real Estate market is clearly not recovered from the great housing recession yet, but there are some positive signs.
January Home Sales were the best they’ve been since 2008, and up by 15% from last year. Reported thus far, 46 residential homes in Cache County have been reported as sold.

Year Over Year Home Sales Improved in Logan

Logan Real Estate inventory has actually dropped over the last month from 716 listed homes to 714. Typically, the number of homes for sale increases from January to February, this is also a good sign for the real estate market. Although inventory is down from a month ago, there are still 17 more homes for sale in Cache County than there was at this time last year. At January’s sales pace this represents 15 months of active inventory, which is quite high.

Year Over Year Home Sales Improved in Logan

The list price of real estate in Cache Valley continues to drop. Last month the median price of homes for sale was $179,900. This month that median price is down $5,400 to $174,500.…

Salt Lake Real Estate Inventory Down

Real Estate in Salt Lake County is making good progress towards recovery. The current 6,478 residential homes for sale, is the lowest number of residential home listings in Salt Lake in more than three years.

image 4 Salt Lake Real Estate Inventory Down

Salt Lake Real Estate inventory is way down, despite the fact that just 550 residential homes sold during January, down 31% from strong December home sales. Compared with January of last year, home sales were up by 8.7%.

Real Estate prices in Salt Lake continue to decline. The median list price last month was $199,490, while the Average list price dropped $2,304 to $281,097. Of the homes that sold during January the average price per square foot was just $91.31. The last time real estate values were this low was April of 2005.…

Northern Utah Home Prices at 2007 Levels

The number of short sale listings in Logan Utah continues to rise as home prices decline. Nationwide, the average median home sales price is now at 2002 levels, it’s not that low in Logan, but over the last three months the median sales price of $156,250 is the lowest Cache County has seen since 2007. The current average list prices are the lowest they’ve been in even longer.

Cache County currently has 64 short sale listings in Cache Valley, or 8.82% of the 726 Logan MLS listings. The number of short sale homes is rising, because people who bought homes between 2007-2010 that need to sell now, are often upside down. They purchased their homes for far more than they can sell their homes for now. Expect this trend to continue until home prices stabilize.…