How much impact will the $7,500 first time buyer tax credit have? - 07/30/08 11:32 PM
President Bush passed the Housing and Economic Recovery Act Today. This bill offers a $7,500 tax credit for first time home buyers. $7,500 direct tax savings just for purchasing a house as a primary residence in the next 11 months.
If I didn't already own a home, I think this tax … (1 comments)
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Cache County Home Sales Numbers - 07/22/08 05:17 PM
There are currently more than 763 active residential listings in Cache County. Thats a lot of listings and there is clearly a suprlus in real estate inventory. Year to date there has only been 594 listings sold. There is a good chance that many of the active listings will remain unsold … (0 comments)
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Hyrum Utah Real Estate Market Update - 07/19/08 04:03 PM
Hyrum offers the most affordable real estate in Cache County. The median price of homes for sale in Hyrum is $159,900 and the average price is just $178,000. There are currently 55 active real estate listings in Hyrum. In the first half of 2008 43 homes were sold in Hyrum.
… (0 comments)
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2008 Hyde Park Real Estate Review - 07/19/08 03:28 PM
Hyde Park real estate has a little bit of an inventory problem. There are a lot of high end homes for sale, and people just aren't buying expensive homes right now. Hyde Park city currently has 49 active MLS real estate listings. 33 of these listings are priced above $250,000. In the … (0 comments)
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West Haven Real Estate Market Update - 07/19/08 02:48 PM
Growth in one of Utahs fastest growing cities has slowed down substantially this year. There were about 100 homes sold in West Haven in the first half of the year. The average price of the homes that sold was $244,284 and the median price was $218,860.
There are currently 172 residential … (0 comments)
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Roy Real Estate Review - 07/19/08 02:33 PM
Real estate in Roy Utah is actually moving along quite well. Homes are selling, and there isn't a huge surplus of real estate.
In the first half of the year 309 residential homes sold in Roy. The median price of these homes was $164,400. Currently there are 253 active MLS listings. These … (0 comments)
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Will Ogdens low housing costs keep the real estate market going? - 07/18/08 11:47 AM
Real Estate in Ogden is the least expensive for urban areas of Northern Utah. The 2008 median price of homes sold in Ogden is $125,000, nearly half of the Northern Utah median average sold price of $212,000. One of the big real estate problems with most of Utah is the huge … (0 comments)
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North Ogden Real Estate Market Update - 07/18/08 11:35 AM
Approximately 140 listed homes were sold in in North Ogden in the first half of the year. The average sold price of these hoes was $201,304 and the median price was $182,750. In the second quarter, 60 homes were sold with a median price at $192,000 and an avarage price of … (0 comments)
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Hooper Utah Mid Year Real Estate Update - 07/18/08 11:11 AM
How's the real estate market in Hooper?
Here are a few facts, and I'll let you determine for yourself. Currently there are 85 active MLS listings in Hooper. The median price of these listings is $282,000 and the average list price is $290,807. These listings have been on the market for an … (0 comments)
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Few Sold but lots of homes for sale in Eden. - 07/18/08 10:52 AM
The Eden Real Estate market has taken the extremes. While it was one of the hottest areas a couple years ago, it is now ice cold. Almost nothing is moving in Eden, and it has more inventory per Q2 sales than any other city in Utah.
Currently there are 165 residential … (0 comments)
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Don't you want to buy in Springville? - 07/17/08 04:47 PM
For the first half of 2008, 115 homes sold in Springville. These homes had a median list price of $185,000 and an average price at just over $200,000. These homes really seem pretty affordable, so why aren't more homes selling?
Sure the economy is struggling, gas prices are ridiculous and financing … (0 comments)
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Spanish Fork Mid Year Real Estate Update - 07/17/08 04:32 PM
The year is more than half way over. After half a year about 160 homes were sold in Spanish Fork. These homes median price was $205,000 and the average sold price was $231850. Currently there are 325 active Spanish Fork MLS listings. These listings have a median price at $240,000 and … (0 comments)
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Saratoga Springs Real Estate Market Outlook - 07/17/08 04:17 PM
The short term real estate outlook for Saratoga Springs Utah is looking rather bleak. There were more than 130 homes sold in the first half of 2008, but this number is rather discouraging when you consider that there are currently 444 homes for sale in Saratoga Springs, and this number just … (0 comments)
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Provo Real Estate Update - 07/17/08 03:37 PM
The good news is that the Prove real estate market is about the most healthy market in Utah County. The bad news is that Utah County Real Estate is really unhealthy. From the second quarter results, Provo has nearly 10 months of active real estate inventory. There is also a huge … (0 comments)
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Pleasant Grove Mid Year Real Estate Update - 07/17/08 03:21 PM
2008 is more than half way over. If the half way point is also the half way point for home sales, then there are going to be a lot of homes on the market that are still on the market next year.
From January to June approximately 156 residential properties sold … (0 comments)
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Real Estate in the Payson Nation - 07/17/08 02:42 PM
After six months of real estate sales in 2008 you'd think we could get a pretty good idea of what the Payson Real Estate Market is doing. One think happening is that home sales numbers are down, and very few high end homes are selling. This is driving the average sold … (0 comments)
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Orem Real Estate Mid Year Update - 07/17/08 02:33 PM
Nearly 280 residential homes and condos were sold in Orem during the first half of 2008. These homes sold for an average price of $226,249 and had a median sold price at a fairly affordable $193,000.
Currently there are 556 home and condo listings in Orem. The number of active listings … (0 comments)
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Screamin Deal on Bridgerland Meadows Condo - 07/17/08 02:06 PM
This Logan condo is priced $10,000 below market value. It could use a few paint touch ups, but is priced to sell fast.
Get more info and a video tour at CacheValleyHomesforSale.com … (2 comments)
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Large Home at a Starter Price - 07/17/08 12:25 PM
This home is both nice and spacious. See more info at Affordable Logan Home for Sale … (1 comments)
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Lehi Mid Year Market Update - 07/16/08 11:22 PM
After half a year of 2008 real estate sales, the Lehi market is officially slow. Home sales were down, and there are currently lots of homes on the market that are just a little too expensive.
Approximately 350 listings were sold in Lehi in the first half of the year. These … (0 comments)
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Highland Real Estate Woes - 07/16/08 11:12 PM
Woah. There are a lot of expensive homes on the market in Highland that just aren't selling. It's not that people don't like Highland, the problem is that the homes that are on the market are just too expensive too buy. In the first half of 2008 there were 53 homes … (1 comments)
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The Eagle Mountain has Landed - 07/16/08 08:50 AM
It looks like the boom of Eagle Mountain has ended, or atleast paused for the time. Growth in one of Utah's fastest growing cities has slowed down a bit as 2008 home sales are way down. In the first half of the year only about 190 homes were sold in Eagle … (0 comments)
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American Fork Real Estate Update - 07/16/08 08:38 AM
Would you belive that the real estate market in American Fork isn't very healthy? Like most of Utah County, there is a huge oversupply of homes for sale in American Fork.
While home sales are down, inventory continues to increase. There is also a huge gap between the average list price … (0 comments)
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How Long will it take to sell all of Alpine's Listings? - 07/16/08 08:20 AM
Alpine has a serious real estate problem. Based on the recent sales numbers, the current inventory of homes for sale will be on the market for a very long time.
In the first half of 2008, only 20 homes were sold in Alpine. There are currently 104 homes for sale in … (0 comments)
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500 homes and rising - Layton Real Estate Update - 07/15/08 06:31 PM
That's right. There are more than 500 homes for sale in Layton Utah. Home listings are increasing, but home sales are staying pretty stagnant. This makes it harder for owners to sell their homes, and forces them to lower prices to be more competitive. During the first six months of 2008 … (0 comments)
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Kaysville 2008 Home Sales Numbers - 07/15/08 06:19 PM
Or should I say, home sales number. Home sales are down so much in Kaysville that it's almost a singular thing. Okay, not really but in the first half of 2008, only 107 residential single family homes were sold in Kaysville. That might sound decent, but compared to the 215 active … (0 comments)
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Who wants to buy in Farmington? - 07/15/08 06:09 PM
Farmington leads Davis County real estate for the most inventory on the market. At the second quarters pace of 14 homes sold per month, if there were no new listings and all the current listings were affordable, it would take nearly a year to sell all of the 160 homes currently for … (0 comments)
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Clinton Utah Home Sales Numbers for 1st half of '08 - 07/15/08 05:57 PM
Clinton is one of the few areas of Utah where more homes were sold in the first six months of '08 than is currently on the market. 165 residential homes and condos were sold in Clinton during the first half of the year. Currently on the mls there are 158 homes for sale … (0 comments)
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Clearfield Utah Real Estate is pretty healthy. - 07/15/08 05:46 PM
There are a few ares in Utah where the real estate market is pretty healthy. Clearfield is one of those areas. Although home sales are down compared to 2007's numbers, the low cost of housing in Clearfield has kept its market moving. In the first half of 2008 175 residential homes … (0 comments)
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Real Estate News for Centerville Utah - 07/15/08 05:36 PM
Centerville has about 85 residentlial listings on the market. For the first half of 2008 there was an average of 11 listings sold each month in Centerville. These active listings have a median price at $307,000 and an average list price of $378,446. Of the 65 listings that sold during the … (0 comments)
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The Bountiful Utah Real Estate Market - 07/15/08 05:29 PM
There's no doubt about it. The Bountiful Utah Real Estate market is down. Home sales area way down, and the price homes are selling for is down as well. There is a lot of real estate competition out there and the homes that are selling are the ones that are priced … (0 comments)
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West Valley Real Estate Numbers for the First Half of 2008 - 07/12/08 09:47 PM
The low cost of housing in West Valley helped it to be one of the better selling areas of Utah during the first half of 2008. Still the market is pretty slow, and there are more active MLS listings (579) than the total listings sold from January to June (476). From … (0 comments)
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West Jordan Real Estate Market for the first half of '08 - 07/12/08 09:23 PM
Real Estate in West Jordan was definitely slow during the first half of 2008. Lots of homes sold (664), but there are more mls listings on the market now (793) than all that were sold during the first half of the year. A lot of these homes will be on the … (0 comments)
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Taylorsville Utah Real Estate Market - 07/12/08 09:11 PM
Although it may not appear that way, the Taylorsville Real Estate Market is one of the most healthy markets in Utah.
Taylorsville is one of the few areas where there have been more homes sold in the first half of 2008 (224) than the number of current listings on the market … (0 comments)
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South Jordan Real Estate Update - 07/12/08 09:00 PM
The good news for South Jordan Real Estate is that the homes that are selling are actually not priced too far off from the median listed price. The bad news is that there really aren't that many homes selling. Currently, there are 619 active MLS listings in South Jordan Utah. These … (0 comments)
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The Real Estate Market is Great in Sandy - 07/12/08 08:49 PM
I guess it depends on your definition of great. If great means there are lots and lots of houses for sale in Sandy Utah, then yes, real estate is great in Sandy. At the midyear point in 2008 there are currently 852 MLS listings in Sandy. This is almost twice the … (0 comments)
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The Real Estate Market is Great in Sandy - 07/12/08 08:48 PM
I guess it depends on your definition of great. If great means there are lots and lots of houses for sale in Sandy Utah, then yes, real estate is great in Sandy. At the midyear point in 2008 there are currently 852 MLS listings in Sandy. This is almost twice the … (0 comments)
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Mid 2008 Salt Lake Real Estate Market Conditions - 07/11/08 06:47 PM
We all know that the Real Estate Market in Salt Lake City is substantially down from last year, but in many areas and price ranges the market isn't that bad. Homes are with moderate and low prices are still selling quickly. From June's sales numbers, it also looks like the market … (0 comments)
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Riverton Utah Real Estate Market - 07/11/08 06:04 PM
There are more than 300 residential homes and condos for sale in Riverton Utah. This is quite a bit of inventory considering that in the first half of 2008 there were only 193 homes sold. The current homes for sale in Riverton have an average list price at $410,948 and a … (0 comments)
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Murray Utah Homes - $200,000 - 07/11/08 02:54 PM
$200,000 is the magic number for homes in Murray in 2008.
For the first six months of the year the median price of 193 homes that sold in Murray was $200,000. So, if you're trying to sell a home and it's less than $200,000, you're probably in pretty good shape if … (0 comments)
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Midvale Real Estate Market Conditions Update - 07/11/08 02:46 PM
Half Way through 2008 115 different residential properties were sold in Midvale. These sold homes had a median price at $200,500 and an average price at $210,900.
On the market there are 168 homes for sale in Midvale Ut. The median price of these listings is $237,500 and the average price … (0 comments)
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Magna Real Estate Market is Still Pretty Good - 07/11/08 12:25 PM
The home sales numbers for Magna Utah aren't exactly hot, but compared to most of Utah the market is really healthy. While much of Utah has more than a years worth of inventory for sale, Magna's inventory level is currently at 5.7 months compared too the second quarters sales numbers.
The … (0 comments)
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Kearns Real Estate Market is Quite Healthy - 07/11/08 11:42 AM
Real Estate in Kearns Utah is among the healthiest in the state. It is one of the few areas where there are currently less active lisitings than the number of homes that have actually sold this year. In the first six months of 2008 90 residential listings wers sold in Kearns. … (1 comments)
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Holladay Real Estate Market Conditions - 07/10/08 06:33 PM
So How's the Real Estate Market in Holladay Utah?
First off there are some really expensive homes for sale in Holladay, There are more than 110 homes on the MLS in Holladay priced above half a million. and 42 homes for sale that are priced at more than 1 million. The … (0 comments)
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Herriman Utah Real Estate Market Condition - 07/10/08 06:22 PM
Perhaps the boom town of Herriman boomed a little too fast. It looks like many of the 426 active listings were purchased by investors who never intended on living in the homes, or builders who built them out of speculation. During the first half of 2008 approximately 220 Herriman Homes listed … (0 comments)
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Draper Utah Real Estate Market - 07/10/08 06:05 PM
Real Estate in Draper Utah is in pretty bad shape to say the least. While there are nearly 700 active residential listings, in the first half of 2008 only 260 homes were sold. These Draper Homes had a median list price of $340,000 and an average list price at $410,283. In … (0 comments)
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Difference between Appraised Value and Market Value - 07/09/08 12:15 PM
Appraisals are usually done to "verify" value for a bank. Before a bank lends money, they want to make sure that the property is really worth as much as they are going to loan on it. In the case of purchases, the appraised value is almost within a few thousand … (0 comments)
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Cottonwood Heights Real Estate Market Outlook - 07/08/08 06:01 PM
The year is halfway over and real estate is still rolling along in Cottonwood Heights Utah. After six months there are 220 active home and condo listings in Cottonwood Heights Utah. The median price of these listings is 375,000 while the active price is substantially more at $509,798. Homes are selling … (0 comments)
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Bluffdale Utah Real Estate Market Condition - 07/08/08 05:49 PM
Real Estate in Bluffdale is in about as unhealthy of a state as it can get. Trust me, you do not want to be building any spec homes in Bluffdale right now. For the first have of the year there were just 29 homes sold in Bluffdale. There are currently 142 … (0 comments)
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