Cache County Multi Family Home Sales Jan-June

Multi Family Home Sales in Cache County have been pretty slow through the first six months of the year. Just five Logan duplexes, and 8 four-plexes have sold thus far. The duplex sales numbers are actually down from a year ago when six duplexes sold in the first six months of the year. Right now there are 15 duplexes for sale in the Logan area. The median list price of these duplexes is $155,000, with an average price of $167,000. The duplexes that have sold this year have been very inexpensive with an average sales price of just $122,690.

Fourplex sales are up a little bit compared with a year ago, but most of the fourplexes that have sold were less expensive than previous years. The median price of the 8 fourplexes sold was just $228,450.

Click this link if you're interested in investing in real estate and want to view multi-family properties for sale in Cache County

Multi Family Home Sales in Logan Improving

Home Sales of Multi Family Homes in Logan, Duplexes, Triplexes, and Fourplexes are improving. They are definitely not outstanding, but over the last three months they have been up compared with the rest of the year.

There are currently 9 Duplexes for Sale in Logan, and 26 Tri and Fourplexes for Sale. This includes most of the Multi-Family properties for sale in Cache County. Outside of Logan there are three additional duplexes for sale found in Smithfield and Hyrum, and one additional fourplex for sale.

In the last year 15 Duplexes in Cache County have sold. With the current 12 on the market, this gives Cache County 9.6 months of inventory at the annual rate. But, during the last three months 5 Cache County Duplexes have sold. This is just 7.2 months of inventory at the past three month pace.

Inventory of tri and four-plexes has also seen improvement, but the numbers are still pretty dismal. Cache County currently has 27 tri/fourplex properties for sale. In the last year, just 13 of these properties have sold. This is more than 2 Years of inventory! But, over the last three months there have been 4 fourplexes sold, which lightens the blow a little bit and brings the active inventory down to 20 months.

Overall there still just isn't a lot of buyer activity for investment properties in Logan. By far, duplex purchases have been the most popular. It's a tough market to try and sell four-plexes.

You can view all the MLS listed Duplex's, Triplexes, and Fourplexes for sale in Logan here.

Logan Duplexes Didn't Sell During the First Half of The Year

Like most Cache County Real Estate, multi family property sales are down this year. 

In fact, duplex sales during the first six months of 2009 are almost non existent despite the fact that rents are up. Only 6 duplexes and 5 fourplexes sold between January and June. Duplex sales were down by nearly 79% compared to last year. 

There are currently 14 duplexes, 7 triplexes, and 28 fourplexes for sale in Cache Valley.