It’s been some time since I posted stats on our local market. I apologize. Here are curent numbers for August 2023 – I’ll be comparing numbers to last year at this time (August 2022), as well as the peak in our market  (April, 2022). Right now there are 395 active homes on the market in Cache Valley (this includes all single family homes as well as townhomes and condos for sale). This number is somewhat misleading, because in August 2023 alone 46 listings were withdrawn or canceled and not re-listed.  Most of those “pulled” listings represent people who were in a position to wait and ..read more

Greetings fellow frozen humans!  Spring should be especially delightful this year… green and glorious after this plentiful moisture and hopefully warm (that’s one of my happy thoughts this week).  Some of the local real estate numbers for January were unexpected, so I thought I’d share. First the unsurprising: January sales were very low – only 52 residential sales, and while January is always the slowest sales month; these numbers were 58% lower than last year and about 32% lower than a typical January. It’s been well established that the real estate market is in a transitional cycl ..read more

Happy 2023! Here are the numbers on our local real estate market:  Currently (Jan 4, 2023) there are 248 residential homes on the market.  While that is 281% more than the 65 available a year ago, it is nevertheless historically a very low home inventory number and 30% lower than just a couple of months ago. Home prices once again decreased from the highs reached this past spring, with the average home sale dropping to $454,000.  That is down nearly 10% from $498,000 reached the first quarter of 2022, but retracted back to the average sale price in November 2021.  The aver ..read more

Heraclitus said “Change is the only constant in life”.  That was true in 470 BC, and is still true. Here are the facts on our local Real Estate market: Today (Oct. 22, 2022) there are 329 homes on the market.  That is 207% more than last year at this time – better for buyers, but still lower than pre- pandemic available home inventory.  There were 360 homes sold 3rd quarter – down almost 18% from this time last year, and the average days on market rose to 45 days (this number doesn’t reflect the nearly 25% of listings that have withrawn from the market because sellers became dis ..read more

    Here is a brief synopsis(or “Just the facts Ma’am”) regarding the status of our local Real Estate Market. First quarter residential real estate statistics show a continuation of home price increases in Cache Valley – but at a reduced rate. The average home sale price first quarter rose to $475,000 – up 34% from first quarter 2021, but up just 2% from last quarter. The average price per foot indicates a similar 33% increase over the last year fist quarter – an average price per foot of $214 in March, 2022 – up from $162 per foot in March 2021, but up just 2% since December 2021.&n ..read more

I delayed writing about the status of our local Logan/Cache Valley Real Estate Market at the end of the first Quarter 2020, because Covid 19 had only been impacting our lives for about 2 weeks.  Now, with 2 full months of Covid19 under our belts I think it’s safe to say Corona virus has not made any lasting impact on on the Cache Valley Real Estate Market.  Although it was a little quiet for a couple of weeks the end of March, our market is as active as ever… in fact, sales to date are 22% higher than they were last year at this time!  The only negative Real Estate condition we ..read more

Wow, we’re into a new decade! 2020 rolls right off the tongue… 2019 was another banner year for our local Real Estate market.  Cache Valley prices rose 8.7% over 2018, ending at an average $124 per foot.  The average sale price last quarter of 2019 was $279,000. There were 2% more sales in 2019 than 2018 – 1600 residential sales for the year  (2nd only to 2016 at 1607 sales), and that number doesn’t include many newly built homes not listed on the MLS. Once again high demand and quick sales kept inventory numbers low.  Currently there are just 211 residential homes on the m ..read more

The Cache Valley Real Estate market continues to flourish!  Local statistics through the 3rd quarter of 2019 show home sales up almost 5% over 2018 with 496 sales through the 3rd quarter as compared to 475 last year! The inventory is even lower than last year – with an average 280 homes on the market compared to 315 at this time last year. Home prices rose 7% , but that’s substantially less than the 13.5% yearly increase I reported in September 2018.  In September 2018 the average home sale price was $262,000.  Currently it is $279,000.  This appreciation is more in line w ..read more

This happens frequently… I get a call on the phone, a nice someone says “my friend said you’re a good Realtor…  I saw a house I like in Logan – can you show it to me?”  I absolutely love a call like this – because there are few things more satisfying than helping someone find a great home.  BUT…there are a few steps that should be taken BEFORE we go out & look at homes.  Just as successful baking (following a recipe) often has sequential ramifications, home buying goes much more smoothly if things are performed in a certain order.  It should go something like this ..read more

For the past year or more there has been an expectation of increased home inventory in our Real Estate market – precipitated by robust new-home construction and an uptick in listings, since prices have increased almost 28% since 2016.  This would naturally result in a leveling off of prices.  Inventory has not decreased despite the active new-home market and strong listing numbers because the demand remains stronger than the supply!  The mortgage interest rates have also contributed to a continued strong market – rates have dropped to below 4% on a conventional 30 year fixed mo ..read more