Tuesday, June 29, 2010

Cache County Home Sales Up, Condo Sales Way up for First Half of 2010

It's hard to believe, but 2010 is nearly half way over. Real Estate sales in Cache County are up for the first half of the year compared with the first half of last year, and Cache Valley Condo sales are more than double what they were last year.

For single family houses in Cache County Utah, sales were up 8.76% from a year ago. There wasn't really a price disparity between the percentage change of more expensive homes and less expensive homes. Cache Valley homes priced below $200,000 saw a sales increase of 8.76%, and Home's priced above $200,000 saw an increase by 8.77%. Last year, homes priced above $200,000 saw a 41% decline compared with the first half of 2008.

Sales of Condos in Logan Utah were more than double last years numbers. 92 Condos and Townhouses sold this year compared with just 43 at this time last year. The average price of condos also declined, the average sold price this year of $124,100 is 10.66% less than last year. The median sales price of condos was just down by 5.14%.

While the quantity of homes that sold was up, prices were way down. The median price of homes sold in Cache County through the first half of the year was $156,000, down 8.18% compared with last years median price of $169,900. The average sold price was down slightly more at 8.54%.

Most of the individual cities in Cache County saw improvements in home sales, with the exception of Providence, and Hyde Park Real Estate. Logan Real Estate sales were up 18.14%, Smithfield Real Estate Sales Rose 26.79%, Hyrum Real Estate Sales increased 24.5%, Nibley Real Estate sales improved 20.6%, Wellsville Real Estate saw 5 more home sales, North Logan Real Estate sales increased 26.7%, and the rural Cache County communities saw home sales improvements of 16.33%.

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