Home Sales Up, Prices Down for Cache Valley Real Estate in Q1

Total home sales in Cache County were up by about 9 and a half percent in the First Quarter of 2010, compared with the first quarter of 2009. There were 16 more residential homes sold this year compared with last year when just 155 homes sold during Q1. February and March were relatively strong months for Cache County Real Estate after a slow January.

While home sales are up, the price of Cache Valley Real Estate is down by quite a bit. The median sold price this year was just $152,150; 8.34% less than last year. The average sold price was also down by 7.62% from $184.796 to $170,721. The average third quarter sales price was almost as low as 2006.

While Q1 home sales are improved compared with last year, they are still substantially less than 2006, 2007, and 2008. 261 Cache County homes sold during the first quarter of 2007.