So, there are a couple of things that stand out to me in this chart.  First is that the average home in Cache Valley sold for 15k less in Dec then it did in Jan. of 2011.   That’s not great news.  However, if you look at how long it took to sell a home in Dec compared to Jan, it dropped from 197 days to 127 days.  Who wouldn’t want to sell their house two months faster?

Here’s another thing that stands out to me, and that is the average cost per square foot.  If you compare Jan to Dec, there isn’t much difference, which is good I guess.  But if you compare Jan to June, you see that the average actually went up.  Of course it’s the middle of summer, but still, that’s positive new right?

If we want to really stick to the positive, take a look at the stats thus far for Jan of 2012.  Logan Utah real estate is way higher on average and let’s just hope they stay that way.

Logan Utah has also been marked as a top five place to live like the wealthy on less by TheStreet.com.   Having lived here for almost 6 years, I can agree that we have it all here.  Real Estate in Logan Utah has survived better than most places, unemployment is better than most places, and there seems to be a better stability all around Cache Valley.

So don’t take my word for it, or the word of the media from around the nation, come to Logan and see for yourself.

Here’s an interesting report of the current real estate in Logan Utah.  Notice the total number of active residential real estate listings, 623.  That’s a pretty low number for the past three years, which in my opinion is a great sign for the market.  It means that buyers have less to choose from, and that the market may start to balance out and perhaps start to appreciate again in the near future.   For now, it’s still a buyers market, and yesterday rates were at 3.875%.  You can’t pass up this crazy opportunity to buy real estate in Cache Valley, especially as a first time home buyer.

KSL | Jason Lee | December 6, 201
Utah home sales rose for the fifth straight month in October — up nearly 25 percent from last year, according to a new report from the Utah Association of Realtors.
During the month, Utah REALTORS® sold 2,819 homes, townhomes and condos compared to 2,261 sales last year.
It was the fourth consecutive month of double-digit sales increases. Since the beginning of the year, Utah home sales are up more than 7 percent compared to the same 10-month period in 2010.
We are improving both in terms of having increased demand from buyers as well as having fewer properties come on the market.
–Lori Chapman
For complete article, click HERE.

So, things are looking good for real estate in Utah. I have more to say, but no time, so check back for more positive news about the real estate market in Logan Utah.

Obviously here at UtahRealHomes, we care mostly about Logan Utah Real Estate, but we always have an eye on national conditions and trends because we know that it can have an effect on our market here in Cache Valley and Northern Utah. Below is a small excerpt from an article that was posted at realtor.org regarding the current conditions and how they are better now than this time last year.

Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West, according to the National Association of Realtors®.

Existing-home sales 1, which are finalized transactions that include single-family, townhomes, condominiums and co-ops, slipped 0.6 percent nationally to a seasonally adjusted annual rate of 5.02 million units in February from 5.05 million in January, but are 7.0 percent higher than the 4.69 million-unit pace in February 2009.

Check out Realtor.org to get the full article and find other recent articles regarding national real estate conditions. If the article is accurate and things are on the rise, you better get off the fence now and start looking at homes before prices increase and the sellers market returns.

Cornerstone is using this video and other tools to help educate and improve their agents. Cornerstone Real Estate Professionals are by far the best in Northern Utah. Please use our free Utah Home Search tool or contact us today to utilize our services, which are completely opposite of what you see below.

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We are all feeling the affects of the local and national economy. How can you not, with all of the media attention focused around it, and when all of us know someone who has been laid off this year, or lost a home, or who is struggling to pay their bills.

Well, the good news is, and continues to be that the Logan Utah Real Estate market will fair better than all of the other areas in Utah, at least according to a recent report on HousingPredictor.com. Below is a small piece of their article, and you can find the entire article here.

Local Utah Housing Markets at a Glance
City                         Forecast

• Salt Lake City     − 8.6%
• Ogden                    − 10.9%
• Provo                    − 8.2%
• Logan                    − 3.8%

In Logan the housing downturn has been aided by government incentives in the lower price ranges, but an over-abundance of properties in the higher ranges is still bogging down the market. Since prices didn’t escalate at double-digit rates of inflation annually during the boom, Logan will sustain the downturn much better than other areas of the state. Home sales are projected to improve across all price ranges in 2010 in the Logan area, and are forecast to see less deflation than in the past at 3.8% for the year.

The hard hit economy has forced lawmakers to cut millions of dollars from the state budget, jeopardizing programs and municipal services. Until the financial crisis, Utah had one of the strongest economies in the nation.

In Provo the market has seen rising home and condo sales with government stimulus efforts. However, the financial crisis has taken a toll on Provo’s resort economy, which has some of the best white powder snow skiing in the country. Provo has gained a reputation for being a leading worldwide resort community, and the second home market has sustained a battering with rising foreclosures.

Weary bargain hunters are expected to make efforts to pick off deals as bankers slash prices on foreclosures to sell off the inventory. The sales will have a detrimental impact on the market, which is forecast to sustain 8.2% in deflation for the year.

So there you have it, Utah will fair better than most of the Nation, and Logan Utah specifically will be atop the list for the 2010 housing market.  If you’re still on the fence to buy your new Logan Utah home, it’s time to hop down and make that purchase and take advantage of the federal tax incentive.  I have relatives who are closing on their first home this week and will be getting $8,000.00 back to spend on whatever they would like.  So start searching for the perfect homes in Utah here.

If you or anyone you know is interested in buying or selling Logan Utah Real Estate, have them check out www.utahrealhomes.com for a FREE MLS search and additional information on what Cornerstone Real Estate Professionals do differently to sell homes in half the time as other brokers.

Logan Utah is a perfect example of the classic tale of The Tortoise and the Hare. While the rest of the nation was rushing the prices of real estate towards the finish line, Logan Utah was slow and steady. So when the nation stopped to take a breather and fell asleep, Logan Utah has passed up the nation and will be way ahead by the time the Hare realizes what is going on.

If you are looking for a great place to live, work, play, invest, visit, vacation or anything else, contact me today and find out more about Logan Utah and Logan Utah real estate.