Short Sales Spike in Logan

With home prices declining, and more people who bought during the housing boom that need to sell now, the number of short sale homes in Logan, UT is rising.

Over the last month, the percentage of Cache Valley Short Sales rose by 16.4%. There are now 61 homes on the MLS listed as "short sales." As a percentage of total listings, the number of short sale listings has risen to 8.38% of all residential listings.

If more homes don't start selling, and if home prices don't start going up soon the number of foreclosures in Cache Valley will also see increases in the near future.

Foreclosures and HUD Home Numbers are Up In Logan

The fact is that foreclosure numbers in Cache Valley are increasing. There are currently more foreclosure and HUD Homes for sale than I have ever seen before. The increased foreclosure numbers are result of declining home prices, overextended borrowers, and a poor economy.

When I first started selling real estate over five years ago, there was rarely more than one or two HUD homes each month.

There are currently 12 homes for sale in Cache County that are HUD properties. These include townhouses, condos, manufactured homes, ramblers and bungalows. Most of these homes are priced at less than $100,000, and the most expensive of the HUD homes currently for sale has a list price of $145,000. Some of the properties are only available to people who want to owner occupy them, but most of these homes are now open to all bidders.

Click this link if you want to view the currently listed HUD Homes for sale in Logan Utah.

Read More at Real Estate Logan - Number of Hud Homes Up in Logan Utah