There are currently 11 Townhome/Condo listings available, ranging from $149,900.00 - $220,000.00 This is still lower than in most areas of Utah.  In 2022 the average sales price of a Condo/Towhomes was $199,000 and in 2023 jumped to $213,000.  Click to see Available Townhomes and Condos for sale in The Uintah Basin Split Mountain Village A Subdivision of Townhomes and Patio homes, located off of 500 E 600 S in Vernal. A total of 11 sales were reported last year with an average sales price of $248,423.18. Eight of the Eleven Sellers contributed towards the Buyers Closing costs. Most ..read more

Welcome to Vernal, Utah where the real estate market is heating up. As a growing city in the Uintah Basin, Vernal has seen a growing interest from home buyers and investors alike. In this blog post we will take a closer look at the current state of the Vernal real estate market and what it means for buyers and sellers.   Housing Prices and Property Values The median home price in Vernal is currently $444,000   That is the median asking price of homes for sale in all of Uintah County  In the past 30 days, looking at Sold listings, the median sales price was $272,500&nbs ..read more

January 17, 2023 From December 17, 2021 to January 16, 2022 there was 31 Residential Properties in Uintah County being reported as sold with an average sales  price of $264, 622.00 and average day's on market of  56. Jumping forward to December 17, 2022 to January 16, 2023 there are 20 Residential Properties beng reported as sold, with an average sales price of $272,945.00  Out of the 20 Home sold, 5 Buyers paid above asking price, 3 paid cash, 1 obtained a V.A Loan, 1 USDA Loan, 1 assumed loan, 5 Conventional Loans, and 9 Buyer's obtained FHA Financing.  12 of the Sellers ..read more

REAL ESTATE MARKET STATISTICS! Since the beginning of the year 2020 the Vernal, Roosevelt, and Duchesne, Utah housing market's have seen big changes.  In the past, the Basin economy has been mainly reliant on the oilfield and natural gas resources. In 2020 the price of oil dipped below $20.00 per barrel, and at that time there was not much activity in the oilfield. The Basin seen home sales and home prices increase and more people moving into the area, unrelated to the Oilfield Industry.  Prior to 2020 home values went up and down with the oilfield industry, and has been a boom and b ..read more

Local calendar of community events: Vernal, Utah June 28,2022     Rodeo and Rodeo Queens 12:00 PM-1:00PM July 2, 2022       Block Party Main Street Vernal AVE 7:00PM- 10:00PM July 2, 2022       Ashley Valley Farmers Market Library Lawn 9:00 AM-1:00PM July 4, 2022      Freedom Fest 2022 7:00AM-10:00PM Monday July 4th                            7 am firecracker 5k race                          ..read more

THINKING ABOUT MOVING TO VERNAL HERE ARE SOME SATISTICS ABOUT JOBS.  Found on "bestplaces.net"UINTAH COUNTY HOUSING STATISTICS As of May 16, 2022 there has been 182 Residential properties being reported as sold through the MLS this year,  with an average sales price of $283,838.  For the same time frame last year there was 295 Residential properties being reported as sold with an average sales price of $208,617 As of 5/16/2022 there are 56 Residential properties listed for sale with an average asking price of  435,717 ..read more

As of 4/11/2022, 1st quarter 2021 there were 185 homes being sold across Uintah County with an average sales price of $199,224.44 Avg sales DOM 90.33 For the same time period 2022, 1st quarter homes sold in Uintah County 119, Avg Sales $263,024.59 DOM 48.33 In the past 30 day's in Uintah County, there has been a total of 40 homes sold across the MLS, of those homes, 15 buyers paid above asking prices, 6 buyers paid cash, 13 buyers used FHA financing, 1 VA, Conventional loans used to purchase a home was 18, Utah housing loans 1, USDA loans 1. Out of the 40 homes sold 12 sellers paid toward ..read more

There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when interest rates are rising, but this is not always the case. This theory of home prices decreasing is typically discussed by future home buyers. As a buyer you would like to think if you are paying higher rates on your mortgage, you should be able to see a decrease in cost somewhere else. Unfortunately, these rates are rising because the economy is in ..read more

It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing market. It is important for you to be prepared and have your own questions ready. No matter what other opinions you are getting, you are the one buying the home and your comfort level will help make your final decision. Here are three important questions to ask before you purchase a home ..read more

The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities. Selling in the winter can give you a few advantages. There will be fewer h ..read more