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farmington real estate data: Farmington 2010 Real Estate Activity Summary - 01/18/11 12:41 PM
Believe it or not, another year has come and gone. To the left  is a link to my year-end Farmington Inventory Summary which highlights real estate activity in Farmington (and Davis County) over the course of the past year. It’s been an interesting year in the local real estate industry. There was the first-time homebuyer tax credit (still available for some military families), increases in foreclosure and short sale activity, historically low interest rates and continued elevated unemployment levels.
Let's start with the overall numbers: There were 554 new listings in Farmington during the year of which 39% either sold or … (0 comments)

farmington real estate data: Farmington Real Estate Update - Through November 2010 - 12/10/10 10:23 AM
Well with just a few weeks left before the end of the year, here is my real estate Inventory Summary for Farmington through the end of November. There are a couple of interesting data elements that, eleven months into the year, may surprise some who haven’t followed the market throughout the year.
Of note is the fact that listing activity is up over 30% from the year before and will likely end the year well above 2009 levels. With all the talk about "shadow inventory" levels and the down market, the data suggesta sellers were willing to put their homes on … (0 comments)

farmington real estate data: "Never underestimate the difficulty of changing false beliefs by facts" - 11/11/10 04:44 PM
The above quote by economist Henry Rosovsky has multiple applications today as it relates to politics, science, the economy and yes, even real estate.
This point was brought home recently during a listing appointment where I knew there was at least one other agent competing for the business. During the course of the “interview” I was presenting data that suggested a price point well below the price of one of the other “professionals.” What is interesting is we were both operating from a similar set of data, however, my “mistake” was providing additional contextual data around the information in question.
… (3 comments)

farmington real estate data: Farmington Inventory Update - August 2010 - 09/07/10 05:36 PM
I just finished my Farmington (and Davis County) inventory summary for the year to date period ending on August 31st.  You can click on the picture to the right to see the full report.  Overall, the data continues to identify the same trend lines we have seen for the past several months.  After the expiration of the first time homebuyer tax credit, the market has slowed to a pace matching the activity levels of last year.  Because of the impact of the tax credit in the first four months of the year, year over year sales continue to run at nearly … (0 comments)

farmington real estate data: Farmington Real Estate Update - June, 2010 - 07/14/10 12:37 AM
Well believe it or not, we've already reached the half way point for 2010 (seems like it was just snowing a few weeks ago -- oh, that's right, IT WAS). As I do at the end of each calendar quarter, I completed the current review of market activity in Farmington through the second quarter of this year.
Now that the first time home buyer tax credit has expired (although the June 30 deadline to close was extended recently by Congress to September 30 for properties put under contract by April 30), we can see the actual impact the tax credit … (0 comments)

 
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Craig Frazer, Davis & Salt Lake County Real Estate, RE/MAX Metro

Farmington, UT

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Address: 110 N. Main Street, Bountiful, UT, 84010

Office Phone: (801) 699-6046

Cell Phone: (801) 699-6046

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