Here are a few graphs I threw together to that compare Cache County Home sales numbers and prices over the last few years. Home sales are clearly down from last year, but the average prices are pretty comparable, and are still noticeably higher than 2006 home sales numbers.
Great evidence to explain why so many agents and sellers are using Cornerstone Real Estate. Also, try typing in terms like "Homes for Sale in Logan Utah," "Cache Valley Homes," "Smithfield Utah Real Estate" or even "Logan Utah Open Houses" .... You'll find Cornerstone all over the search engines. We understands that buyers today use the internet to gain relevant real estate related knowledge. In order to help our clients, we have placed our focus on the medium that consumers are actually using today.
Type in 'Logan Utah Real Estate' into Google or any other search engine and look carefully over the sites.....5 of the top 10, including the top spot, are Cornerstone Real Estate websites. Our company is developing into the PREMIER technologically advanced Real Estate Company in Cache County, Utah.
As one of the youngest brokerages in Logan, Cornerstone has already established itself as one of the top professional, agressive and productive brokerages in the valley. In it's first 10 months of business it has already closed over 100 transactions and has more than tripled in size.
As a consumer what does this mean to you? Buyers, you are tapping into a circle of very hard working professionals who have extensive training in the home buying process. You also have the most extensive internet home search service in Cache Valley.
Sellers, the marketing provided by Cornerstone Real Estate Professionls is above and beyond any company in the valley. Your home will not just be listed on the MLS and print advertising distributed in Logan and surrounding areas....your home will be shown on over 50 National and Local websites! Besides the marketing, we are trained to walk through the home buying process with minimal complication.
Please give us a chance to serve you.....contact Kaleb Kunz at 435-760-1466 or visit my website to start you home search at www.kalebkunz.com
Thanks!
Kaleb is right. It is a great buyers market. Lots of selection for Cache Valley Real Estate.
As of the end of the 3rd Quarter there were 765 homes listed on the Multiple Listing Service. The average list price was $256,951. The average market time has been 101 days. Last year at the end of the 3rd Quarter there were 748 listings with an average price of $251,390. The average market time last year was 91 days.
So far in 2008 there have been 874 homes sell with an average sales price of $191,834 and an average Days on Market time of 72 days. We are averaging about 95 sold homes per month meaning that if no more new listings came on the market we would have enough inventory for 8 months.
It seems to be heading to a pretty good buyers market here in Cache County.....time to get out and pick up some good property!
It's nice not to see negative numbers. The advantages of not having ridiculously rapid appreciation.
Logan currently leads the state of Utah in Real Estate Appreciation at 3.67%. That may not seem like a huge percentage but it is very strong for the down market the Nation is seeing. Meanwhile there are areas in CA that are seeing up to 34% DEPRECIATION. In Stockton, CA there 1 in 25 homes are in foreclosure compared to 1 in 226 in the state of Utah.
Cache Valley has only had 420 default notices out of 24,000 single family residences. The valley also has a lower average price per home than the rest of the state. Currently we are around $180,000 compared to $249,000 in Salt Lake County.
Logan is still a very affordable place to buy a home and, although down a little from last year, is still seeing good growth in home values.
If you need to search for any listings in Logan or surrounding areas, visit Logan Utah Real Estate
It looks like the booming Nibley Utah real estate market has slowed down. There are currently 72 MLS homes for sale in Nibley. In the last year, only 74 listings sold. If home sales continue at the pace they've been for the last year, it will take almost a full year to sell all the existing housing inventory if no new properties were listed.
The fact is, in a town like Nibley there will only be more listings. The other dilema is that the price of the active listings is more than the price of the homes that have sold. The current active median list price is $237k the median sold price was $204k.
Nibley is a nice area, and there are many nice homes for sale. The only problem is that there are too many of them. It's a buyers market in Nibley and there is a good chance you can get quite the deal by buying from a motivated seller.
This is a real neat Mendon home listing provided by Ethan Poppleton a Logan Real Estate Agent. The craftmanship is incredible and the walls are over 12 inches thick. This house has been on the market for a long time, it's been for sale by owner and by real estate agents now for nearly two years. It looks like the sellers are finally realistically doing something to help it try and sell.
I blogged about this home in the winter, and the contract we had on it fell through. We just dropped the price 10k, so now is your chance. It is just one of many Logan Utah Real Estate options right now, but the best in Mendon. Click here to see more details on the house.
