Logan, UT

Logan Utah Real Estate Market Statistics For February 2010

In Logan Utah there are 259 currently active real estate listings on the Logan Utah MLS.

In Logan Utah there are currently 43 homes under contract.

In January of 2010 there were 17 Logan Utah homes that sold.

Those homes sold were on the market an average of 111 days and sold at an average price of $125,333 at an average of $75 a square foot.

Out of those 17 homes sold, all of them were sold for less then $200,000.

Compare To 2009

In January 2009 there were a total of 15 Logan Utah homes sold.

Those homes sold were on the market an average of 97 days and sold at an average price of $155,000 at an average of $81 a square foot.

Out of those 15 homes sold 10 were under $200,000 and 5 were sold over $200,000.

HOME SALES PER QUARTER LOGAN UTAH JANUARY 2009

Graph provided via Wasatch Front Regional Multiple Listing Service

As we can see from the graph as inventory rises in the spring and summer months in 2009, the number of homes sold goes up. However in the last quarter of 2009, we can see the median price range of homes sold go way down. Why is this? I would say it's because our market bottomed out, like most markets in the country. This may be an artificial bottoming out, however, as the first time home buyer tax credit was due to expire. After the credit expired home sales went way down in the last part of the year. We will see a similar trend as the extended first time buyer credit expires in June of this year.

It will be interesting to see how the next few months pan out with the new tax credit pushing buyers to get under contract by April 30th. You can expect to see a large jump in homes under contract and sold over the next 4 months, with a decline in sales coming in July and August. If you are interested in buying or selling in the Logan Utah real estate market, please feel free to contact my team for expert knowledge to help in all of your real estate needs.

Whenever I meet with a potential client, "What are your closing costs and interest rates?" is usually one of the first questions. It's a good question and one that I would answer even if it wasn't asked. The problem with this question is that it usually comes at the very beginning before I know anything about the individual, their credit scores, down payment, employment history, etc.

The fact of the matter is that interest rates and closing costs are going to be different for everybody depending on the individual characteristics of their loan application. Characteristics such as credit, the loan amount compared to the value of the home, and the type of loan program (e.g. FHA, conventional, etc.) will affect the interest rate and closing costs.

For example, somebody with a 740 credit score and 20% down payment might qualify for 4.875% on a 30 year fixed. Another borrower with a 720 credit score and only 10% down would qualify for 5.25% on a 30 year fixed. Or they could choose 4.875% but it might cost them an extra 1.5% of closing costs.

The other caveat that many borrowers don't realize is that they have a choice of whether they want to pay more closing costs to get a lower rate or less closing costs and take a higher rate. For somebody that is going to be in their home for 30 years and make regular mortgage payments it makes more sense to get as low an interest rate as possible regardless of the closing costs. It's also true that a borrower who will only be in their home for 2 years should take a higher rate and pay less closing costs.

So if the next time you ask "what are your closing costs and interest rates?" don't be surprised if I respond, "What interest rate do you want?", because the fact is that you have a choice.

Search Logan Utah Homes By Map - Searching for homes in Logan Utah? Then you need to use our Google based map search to find the Logan home of your dreams. Searching by map allows you to gather much more information about a neighborhood then the usual list results based search of most websites out there.

To view Logan Utah homes for sale by map, just follow this link!

Here is a preview of what you will get when searching by map.

Once you have narrowed down the area you want to search, just hover your mouse over the top of the little house icon on the map, and click to see more details of the property.

Which looks like this:

Click the pop up box and you will be redirected to the full details of the property including the days on the market, price changes, the history of the property, nearby schools, neighborhood demographics, other homes for sale in the neighborhood, the features of the home, a Google Street View, virtual tour, and you can request a private showing right from the property page!

Technology is a great thing to have in today's world when it comes to searching for Logan Utah homes for sale, which is why you need to use our cool state of the art home search!

Search Logan Utah Homes For Sale Now!

My wife and I love sweets. We probably eat something sweet just about every day. We especially love ice cream and frozen yogurt. And so when Tummi Yummi's opened up in Logan, Utah, you could say we were more than ecstatic. There are a few good ice cream shops in town but nothing for frozen yogurt, which is like ice cream, but made in heaven. And the yogurt at Tummi Yummi's is amazing!

Thus, I'd like to dedicate a blog post to this new business in Logan Utah called Tummi Yummi's. Let me just say that if you haven't been yet, you need to go because the frozen yogurt is delicious, the amount of toppings are limitless, and the atmosphere is awesome. With free WIFI, a 45 inch flat screen on every wall showing sporting events 24/7, and a comfortable lounge, it's a great place to just hang out and spend an evening with friends or the family.

That, and if you love the Utah State Aggies like we do, you will love this place!...there isn't a business in town that dedicates more of their space to honoring the Aggies.

Check out some of these pics!...

Tummi Yummi's is located in the shopping center with Cafe Rio and Little Caesars (in the corner). The address is 101 East 1400 North and their phone # is 435-754-7281.

For updates on flavors you can also follow them on twitter at http://twitter.com/tummiyummis