There is definitely some good news for the Logan Real Estate market.
Home sales improved during 2011, the first time in four years. The number of homes for sale has also substantially decreased, meaning that the decline in home prices won’t last much longer.
Mortgage interest rates are still at record lows, 30 year fixed mortgages are less than 4%. It’s a great time to buy real estate.
There are some very positive signs for the real estate market in Logan Utah. Real Estate Inventory is at it’s lowest level in years, and home sales are up for the fourth straight month.
June was the best month for residential home sale sin Cache Valley Utah in a Year.
Robert Discusses the Real Estate Market in Cache County, Weber County, and Davis County Utah. It looks like the Northern Utah Housing Market will still see some declining prices in 2011. The Davis County Real Estate market looks to be closer to recovery than real estate in Weber and Cache Counties.
In this video, Robert talks about the trends in Logan Utah Real Estate sales. Northern Utah saw above normal home sales during the spring, but home sales have been down during the late summer months, which traditionally have the highest home sales numbers. A lot of the abnormal variation has to do with the home buying tax credits. Buyers, especially first time home buyers bought earlier in the year so they could get the money from the federal government. While the market appeared to be correcting in the spring, it is clear that the Cache County Real Estate market still heavily favors buyers.
After April’s Home Sales Numbers, the Cache County Real Estate market is doing really well. Home sales were way up, and the amount of real estate inventory on the market is way down. It looks like the Logan Real Estate market is really becoming a balanced market.
In this video, Robert Brown talks about how the expiration of the homebuying tax credits has clearly made an impact for Cache Valley Real Estate. There was a huge rush of buyer activity during the last two weeks of the month, as 95 homes went under contract. That’s a normal amount of properties going under contract for the entire month of April in Cache County. In total there are more than 200 homes currently under contract. The amount of inventory has also drastically reduced as there were more than 820 listings on Monday, and now there are less than 800.
The home buying tax credit clearly did stimulate or atleast move up home buying activity for Cache County Real Estate.
Robert Brown posts this video blog from his car on a rainy day in Cache Valley. You might think a rainy day signifies cold, but in Cache Valley Utah rain signifies warmth because it is not snowing.
In addition to the weather warming up, the real estate market is picking up as well. Buyer activity has greatly increased as smart real estate buyers are looking to take advantage of the home buyer tax credits and incredible mortgage interest rates.
During Feburary, home sales were up by 17% compared with February of last year. They were also way up compared with January.
There are lots of new listings coming on the market every day, and a lot of homes going under contract in Cache Valley as well. This has kept our real estate inventory levels steady in a time of year when the number of Logan Homes for Sale usually rises.
The other day there was a newspaper article in the Logan Herald Journal that talked about just how dismal selling conditions were in Logan Utah. It’s true that many people will have a hard time selling their homes this year, but that doesn’t mean it is impossible, or hard to sell for everyone in Cache Valley.
In fact, there are some conditions going on with the Logan real estate market that make it a great time to sell a home. One key to remember though is the importance of pricing your home. With as much competition as there is right now, overpriced homes just will not sell.
You are currently browsing the archives for the Market Conditions category.
