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.

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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.

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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.…

February Davis County Home Sales Down, But April Will Be Big

Davis County Real Estate sales for February were actually pretty slow, but April looks like it will be a huge month for home sales.

During February, just 168 residential listings in Davis County sold. This is down 6.7% compared with February home sales of 2009. The median sold price of these properties was $204,000.

Graph Showing Home Sales per Month in Davis County Utah

In the last month more than 333 properties in Davis County have gone under contract. This is huge, as a large portion of these properties will be April Closings. There will be nearly twice as many home sales in April, as there was during February. In total, Davis County has 504 listed homes that are under contract. This increase in buyer activity can partially be attributed to the upcoming expiration of the home buyer tax credits.

The spring weather has also brought out huge number of sellers. Even with the large number of homes going under contract, the amount of total homes for sale in Davis County has actually risen over the past months. There are currently more than 2,100 listings. This is up 8% from last month.…