Utah Real Estate Market Conditions

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Description and Features
This Craftsman Bungalow has a great location. It is close to everything and in Logan's Historic district. The front unit is full of character with a large front porch, hardwood floors, and crown molding. Enjoy the private shaded backyard with many mature trees. This duplex makes a good rental for investors, or a great way to save money as an owner by renting out the second unit. It has separate gas/electric meters and laundry facilities in both units. Owner occupy this unit for just $483 per month with just 3.5% down or $450 per month if you qualify for the $8,000 first time buyer tax credit. Here is an estimated break down of cost. Mortgage Loan Amount: $147,667 P&I Payment at 5% Interest: $793 Estimated Taxes & Insurance: $100 - $400 month in rental income: Total Monthly Payment - Rental Income: $493 Per Month This is a great affordable way to own real estate	Bedrooms: 3 Bathrooms: 2.5 Parking Spaces: 2 Square Feet: 1580 Lot Size: 14374 Year Built: 1932 Floors: 2 MLS #: 843667
Location
Click to view map: 55 S 300 W Logan 84321
Links
Logan UT Duplex Virtual Tour Logan UT Real Estate Cornerstone Real Estate Listing Website

Cornerstone Real Estate Professionals offers a fast and efficient way to search MLS listings of homes for sale in the Ogden, Utah area at their site RealEstateinOgden.com. The site provides a simple and user-friendly interface that allows an interested homebuyer to search all listings in a given city in the Ogden, Utah area. From Willard to Clearfield Utah Real Estate, home searchers can view all Realtor Listings with accurate updated information.  The site provides Google maps for the entire Ogden area that show exactly where all the listed homes are located.  Scrolling over each home on the map displays a picture of the home for sale and also information for the specific home including listing price, home features, and square footage.  Clicking on the home gives more detailed information and even provides a Google street view of the listed home.

Those using the site are able to search for homes in a specific city or use a just browse all homes for sale in the Ogden area.  Modifying search criteria allows a user to limit their search to only the homes they would be interested in or can afford.  Customizable criteria include county, city, price range, and MLS #, just to name a few.  Links to cities with a significant amount of listings are provided, however, the Google map search feature allows for a search for homes anywhere in the area.   

This site also offers resources for other useful information including Ogden Real Estate Market conditions, and Foreclosure Homes in Ogden Utah.

Cornerstone Real Estate has recently listed a new development at Bear Lake Utah, Lighthouse Pointe. This community offers affordable, high quality second homes located near the Pickleville Playhouse at the south end of the lake. There are three different phases of this development, and a model home will be available all summer. They will also be offering lots of free items, gift certificates, free play shows, resturant certificates and such for registering on their websites.

You can also stay updated by becoming a fan of this project on facebook.

When you use Cornerstone Real Estate's internet search features you can also use these on your phone with internet access.

A lot of the time you'll be driving around, and see a home you're interested in. Rather than call the listing agent for info, you can look up the details on your phone if you have an I-phone or similar device. 
 
Simply go to http://phone.utahcornerstone.com 
 
This will prompt you for either the MLS number or the address of the property. Type it in, and you have all our great home search features on your phone! You can search all homes for sale on your phone just like you would on your computer.  

 

Kartchner Homes came to our office meeting today. They have slashed their prices, and have focused on making their new construction homes affordable. The base price of their homes, without lots, is $92,000 for 3 bedroom, 2 bath, 2 car garage, Tri-Level Homes near 1,500 square feet. These homes also come with unfinished basements, that can potentially be 4 bedroom houses. In the Green Meadows and RoseHill Neighborhoods, the base models of these homes can be purchased for less than $150,000. New Construction homes in Logan haven't been this cheap for years.

For more details, or to buy a new or existing home in Logan Utah contact a Cornerstone Real Estate Agent Today.

Right now there are 775 residential Cache County Homes listed on the MLS right now. According to my records, this is nearly a record. In October at one point we had 778 residential homes for sale.

This is good news for home buyers, but not what you want to hear if you're trying to sell a home in Cache Valley.

If the number of homes on the market continues to rise, we can expect a declines in home prices for most price ranges. But if the number of homes on the market starts to decline, as summer sales go up (Traditionally May-September are the strongest home selling months of the year), we may have hit bottom.

It's a great time for first time buyers, to buy with the low interest rates and government incentives. It's also a great time for or buyers who are looking to move up. Any loss you may take on the sell of your current home can be more than made up in the deal you'll get on a bigger home. It's the higher priced homes that are really struggling to sell and slashing prices. There are a lot of sweet deals out there, especially when you consider how much your affordabilty has increased based on the ridiculously low interest rates.

It's nearly impossible to time the bottom of the market, if you're waiting for bottom, you will miss out. Start looking for homes for sale in Cache Valley before you miss out. Click a Link below to Search:
Cache Valley Homes
Logan Utah Homes
Hyrum Utah Homes
Nibley Utah Homes
Providence Utah Homes
North Logan Utah Homes
Hyde Park Utah Homes
Smithfield Utah Homes
Richmond Utah Homes

Smithfield Utah Real Estate has seen a decline in home sales for the first four months of 2009. The median and average price of homes sold in Smithfield Utah is also substantially down. Through the first four months, only 22 homes have sold in Smithfield Utah. The median sales prices of these homes of $150,000 is far less than the $174,950 median price of homes sold last year. It is more than $65,000 less than the $215,000 median list price of active Smithfield Utah Homes.

Smithfield Utah currently has 76 Homes for Sale, almost a years worth of inventory at 2008's sales pace. Six of these listings include Condos in Smithfield Utah.

What does this all mean? It means it is a buyers market in Smithfield Utah. There aren't a lot of high end buyers right now, even though there are a lot of high end homes for sale. The Smithfield Real Estate market isn't substantially different than the Cache Valley market as a whole, it just has a few more expensive homes for sale right now.

If you're ready to buy Smithfield Utah Real Estate visit a Cornerstone Real Estate website and start searching for homes today.

Can you believe it, 2009 is nearly one third through. Here is a quick wrap up of home sales results for the first portion of 2009 in Hyrum Utah.

There are currently 52 Homes for Sale in Hyrum Utah. In the first 120 days of '09, 20 Hyrum Utah Homes sold. The median price of these homes was $145,500 while the average price was $140,153. These prices are down from last years prices, and the average sold price is actually less than in 2007.

The active average listing is still quite a bit more expensive than the prices of what Hyrum Utah Real Estate has sold for. Here are some graphs showing the 10 year price trend for Hyrum Utah Homes.

 

Homes sold in North Salt Lake decreased 17% from 53 to 44.  Median sold price is down 11.5% and average sold price decreased more than $100,000.  Inventory is up to one year and there are currently 180 North Salt Lake homes for sale.  

Layton is the largest city in Weber County and also had the greatest decline in number of houses sold, 36%.  Yet, sold price did not change much for Layton homes.  Median sold price increased by $15 and average sold price decreased by $5,325.  There are 505 homes in Layton for sale and inventory is just under one year.