Farmington, Utah; Current Market Conditions By: Mark Watterson Utah Real Estate (Principle Realty Group, Inc)

We need Positive Price Action to confirm market bottom. One month ofprice improve isn't sufficient to confirm the market bottom. We need to seeappreciation month over month for three months.
PRICE ACTION

Other good signs in addition to positive price actionis lower DOM (days of the market), lower new listings

Farmington, UT - 2nd Quarter 08-09 By: Alan Barker - Utah Homes (Cornerstone Real Estate)

Farmington went from selling 44 homes to selling 41. Median sold price of Farmington Real Estate decreased 4% but average sold price increased about 4%. Today's median home prices are in the mid 300's and average prices are in the mid 400's. With 139 active listings, inventory in Farmington is 10

Farmington, Utah; Current Market Conditions By: Mark Watterson Utah Real Estate (Principle Realty Group, Inc)

We need Positive Price Action to confirm market bottom. One month ofprice improve isn't sufficient to confirm the market bottom. We need to seeappreciation month over month for three months.
PRICE ACTION

Other good signs in addition to positive price actionis lower DOM (days of the market), lower new listings

Farmington Utah Market Snapshot - First Quarter By: Craig Frazer (Salt Lake & Davis County Real Estate (RE/MAX Metro))

Well we finished a rather interesting first quarter (how’s that for a euphemism?). My current Farmington market snapshot report for the most recent quarter is included for your review. We are starting to distance ourselves from the frozen credit markets and corresponding near screeching halt in the realty market experienced in

Farmington’s Future…is it transit based? By: Craig Frazer (Salt Lake & Davis County Real Estate (RE/MAX Metro))

Many of us here in Farmington know of and have seen the activities taking place with the Station Park development across from the commuter rail station. Many are also aware that the project has slowed somewhat due to the national and local economic slowdown.
I had an opportunity to visit briefly

There really are more important things....... By: Craig Frazer (Salt Lake & Davis County Real Estate (RE/MAX Metro))

When you do something for a living on a day-to-day basis is easy to become somewhat myopic in terms of what you see going on around you. It really doesn't matter if you're a surgeon, a plumber, an accountant, an attorney, a mechanic, or a real estate agent . In my

Supply vs. Demand - Old School or Current Explanation By: Craig Frazer (Salt Lake & Davis County Real Estate (RE/MAX Metro))

So in the current real estate market place with unemployment increasing, interest rates fluctuating, stimulus packages being debated (and apparently passed in the Senate today), the banking system collapsing, and an overall the "sky is falling" mentality, do simple economic principles still help explain what's going on? In a word: yes.

Davis County & Farmington UT Market Update By: Craig Frazer (Salt Lake & Davis County Real Estate (RE/MAX Metro))

Clearly, 2008 is going to be noted as a "transitional" year for any number of reasons relating to economics, politics and international actions. Those of you who know me, understand that I am clearly not as qualified as the talking heads on television and radio to discuss the political and international

Is there a cost to waiting for the so-called “bottom?” By: Craig Frazer (Salt Lake & Davis County Real Estate (RE/MAX Metro))

As I’ve worked with buyers over the last six months of the current economic “crisis,” I am regularly asked if the market has reached “bottom?” My response is generally in the form of an observation, that you don't know the bottom of any market (whether it be the real estate market,

Farmington, Utah Real Estate, Has the Market Bottomed? By: Mark Watterson Utah Real Estate (Principle Realty Group, Inc)

We need Positive Price Action to confirm market bottom. One month ofprice improve isn't sufficient to confirm the market bottom. We need to seeappreciation month over month for three months.
PRICE ACTION


Other good signs in addition to positive price actionis lower DOM (days of the market), lower new

Farmington Utah Market Snapshot - Third Quarter By: Craig Frazer (Salt Lake & Davis County Real Estate (RE/MAX Metro))

Who would’ve thought since my last market update we would have seen the complete meltdown of the American economic system? OK, perhaps a slight overstatement but when Alan Greenspan uses the term “credit tsunami” it certainly perks people’s interest. Overall, as you’ve read, heard and seen, the housing market throughout the

Farmington City Market Conditions By: Gerald Richards (Team One - Coldwell Banker Residential Brokerage)

There are as of 1 October 2008, 136 active homes on the market with another 12 homes under contract for a total of 148. By calculating what percentage of the total the 12 homes under contract are you know if Farmington is a buyers or a sellers market.
12 divided by

Who wants to buy in Farmington? By: Alan Barker - Utah Homes (Cornerstone Real Estate)

Farmington leads Davis County real estate for the most inventory on the market. At the second quarterspace 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

Farmington, UT Market Report By: Jennifer Sokol (Keller Williams Realty)

This market report is as of the 1st of August 2007 to date.
New listings for SFR45
Median Price $347,450.00
Average Price$375,950.00
Price Range $169,999.00 to $624,900.00
Average Market Time 15 days
Sold listings for SFR 10
Median Price $345,500.00
Average Price $355,950.00
Price Range $236,000.00 to $770,000.00
Average MarketTime 59 days
UnderContract SFR 8
Median Price$369,900.00
Average Price $359,937.00
Price Range$229,900.00 to $509,999.00
Average Market