Friday, May 2, 2008

Logan Home Sales Numbers April 2008

It's hard to believe that May is already here. The weather sure doesn't think so.

Compared to 2007 numbers Cache County April Home Sales were down about 25%, but the average price of April Homes sold was up about 15% to an average sold price of $219,150. This was the highest average monthly sold price ever recorded in Cache County.

There are currently 569 single family homes, and 43 Condos on the Market in Cache County.

At Aprils home sales rate, without any new listings, it would take almost 7 months to exhaust the present supply of MLS inventory.

3 comments:

Anonymous said...

Just moving to the area and looking for a home. Should I wait a few months or are there motivated sellers/builders and deals to be had? I'm worried about buying high and selling low. Will only be in the home for 3 - 5 years. Not looking to make any money on the home, just a place to live for now. Thanks for your advice.

Logan Utah Homes said...

There are lots of motivated sellers here, and there are deals to be had. If I would you I would watch mortgage rates closely. If they are low you should buy. Make low offers on houses that have been on the market for a while.

In 3 to 5 years, I am confident that you will make money on your home.

Alan Barker
Cache Valley Homes

Anonymous said...

Alan,

"In 3 to 5 years, I am confident that you will make money on your home."

This is the sort of thinking that got the rest of the country (including Utah) into so much trouble. So a house appreciates in value... That doesn't mean you make money. I would hope you are not using this in your sales tactics as I think it is very irresponsible. Equity does not equal money.