Home Sales, Under Contracts, and # Of Listings in Cache County Up

The number of homes sold in Cache County during March was up 16.25% compared with March of last year. 80 residential Cache County homes sold, which is up 35% from February's home sale numbers. The number of homes under contract has also risen in the last month. There are currently 167 residential properties under contract in Cache Valley. This is up 15% from just two weeks ago. A lot of buyers are active right now in effort to beat the expiration of the homebuyer tax credit. This means that we will see strong home sales numbers over the next few months.

While increased number of home sales is positive for the recovery of the Logan Real Estate economy, there are also more homes currently for sale.

Right now Cache County has 794 residential homes for sale. This is more actively listed MLS homes than there has ever been at the beginning of April.

Prices of homes sold in Cache County has declined recently. During March, homes sold for about 10% less than they did during March of last year. The average sold price was $170,902 and the median point was $152,250.

The price per square footage has also dropped. The average home that sold in Cache County during march was 2,263 square foot, and sold for just under $76 per square foot.