Real Estate Statistics

In Logan Utah there are 286 currently active real estate listings on the Logan Utah MLS.

In Logan Utah there are currently 63 homes under contract.

In March of 2010 there were 33 Logan Utah homes that sold.

Those homes sold were on the market an average of 167 days and sold at an average price of $146,928 at an average of $78 a square foot.

Out of those 33 homes sold 31 were sold for less then $200,000 and 2 were sold between $200,000 and $250,000. No homes sold in Logan over $250,000 in March of 2010.

Compare To 2009

In March  2009 there were a total of 25 Logan Utah homes sold.

Those homes sold were on the market an average of 120 days and sold at an average price of $158,575 at an average of $76 a square foot.

Out of those 25 homes sold 22 were under $200,000 and 3 were sold over $200,000.
Compare to: Logan Utah Real Estate Market Statistics For February 2010

January 2010 was one of the slowest months we have had in years for homes sold in Logan. February showed signs of improvement and March was a pretty good month for Logan home sales. One thing that stands out is the amount of days on market for the homes that sold. The average of 167 days on market is the most it’s been in the last 5 years. Which leads to the question we need to ask about the Logan Utah real estate market is, how will we do once the government stops the tax incentives in July and how will that effect the market going into the recovery? This month, in April, we can expect to see an increase in home sales as the first time home buyer tax credit sets to expire on the 30th.

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In Providence Utah there are 63 currently active real estate listings on the Providence Utah MLS.

In Providence Utah there are currently 8 homes under contract.

In March of 2010 there were 4 Providence Utah homes that sold.

Those homes sold were on the market an average of 205 days and sold at an average price of $301,750 at an average of $83 a square foot.

Out of those 4 homes sold all 4 of them were priced over $200,000.

Compare To 2009

In Providence 2009 there were a total of 8 Providence Utah homes sold in March.

Those homes sold were on the market an average of 132 days and sold at an average price of $240,925 at an average of $83 a square foot.

Out of those 8 homes sold 2 were under $200,000 and 6 was sold over $200,000.

Compare To: Providence Real Estate Market Report February 2010

Unlike like most areas in Cache Valley, there was a small decline of homes sold compared to February. The Providence UT real estate market is a smaller market in the Cache Valley area, so the small amount of activity during this time is normal. In February of 2006 there were also 5 homes sold in Providence, with 9 sold in 2007 and 8 sold in 2008. The numbers are different in Providence because the homes sold in the area are not in the first time home buyer price range, which is why home sales have picked up in other areas of Cache Valley.

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In Cache County Utah there are 779 currently active real estate listings on the MLS.

In Cache Countuy Utah there are currently 156 homes under contract.

In March of 2010 there were 78 Cache Valley homes that sold.

Those homes sold were on the market an average of 154 days and sold at an average price of $168,874 at an average of $76 a square foot.

Out of those 78 homes sold 62 were sold for less then $200,000, 11 were sold between $200,000 and $300,000, and 5 were sold over $300,000.

There are currently 334 homes in Cache County priced under $200,000 and 447 homes priced over $200,000. There are two completely different markets in Cache Valley right now. Homes priced under $200,000 are actually in a very mild sellers market. Homes priced over $200,000 are in a strong buyers market. There is a lot of inventory priced over $200,000 but the amount of sales is very minimal. It’s going to be quite a while before the higher end market catches up to the amount of inventory available.

Compare To 2009

In March 2009 there were a total of 67 Cache Valley Utah homes sold.

Those homes sold were on the market an average of 117 days and sold at an average price of $189,460 at an average of $81 a square foot.

Out of those 67 homes sold 51 were under $200,000 and 16 were sold over $200,000.

Last year the price per square foot was higher, the amount of days on market was less, and the average sales price was higher but less homes sold. What does this say about the Cache Valley market? It says it’s a buyers market, buyers are in the drivers seat, and there is a lot of competition for sellers to get their homes sold. If you’re trying to sell a home in today’s market it can be frustrating, especially if you’re above the $200,000 price range. In order to sell a home, you are going to have to be aggressive with your pricing, and you will most likely lose money if you bought your home within the last 3 years. It’s tough out there and everyone is struggling, but it can be possible to get your home sold with the right strategy.

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