Cache Valley has over built

I was looking at the number of homes for sale around the Logan, Utah this moning and was surprised to see how many of them were built in 2007. Some of the area like Logan and Smithfield aren't bad, but in Nibley, Wellsville, and Hyde Park over half of the homes are new builds. I don't think this can be sustained. If builders don't slow down the number of spec. homes they are building some of them are going to belly up. Cache Valley is growing, but not this fast.

If you are looking to buy a new home in Cache Valley now is a great time.

Information as of Nov. 12, 2007

Active U/C Sold in last 90 days Active built in 2007 % of Active homes built in 2007

Logan 167 45 144 28 16.77%

Providence 62 9 23 15 24.19%

N. Logan 38 6 17 14 36.84%

Smithfield 45 17 23 7 15.56%

Hyrum 36 11 18 6 16.67%

Hyde Park 39 4 9 20 51.28%

Nibley 54 6 15 31 57.41%

Wellsville 26 4 9 17 65.38%

Others 79 16 44 11 13.92%

Cache Co. 546 118 302 149 27.29%

I don't know how this compares to other parts of the county, but I was very surpised.