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Alan Barker

Open House Saturday September 25 1-3:00

09-23-08
Alan Barker
There will be an Open House in Logan for this home this Saturday between 1:00 and 3:00. Contact Toni Dorigatti 881-3587 for more details.

Nibley Utah Real Estate Market Snap-shot

09-02-08
Alan Barker

It looks like the booming Nibley Utah real estate market has slowed down. There are currently 72 MLS homes for sale in Nibley. In the last year, only 74 listings sold. If home sales continue at the pace they've been for the last year, it will take almost a full year to sell all the existing housing inventory if no new properties were listed.

The fact is, in a town like Nibley there will only be more listings. The other dilema is that the price of the active listings is more than the price of the homes that have sold. The current active median list price is $237k the median sold price was $204k.

Nibley is a nice area, and there are many nice homes for sale. The only problem is that there are too many of them. It's a buyers market in Nibley and there is a good chance you can get quite the deal by buying from a motivated seller.

August Home Sales Numbers Struggle

09-02-08
Alan Barker
After looking at August home sales numbers, it looks like the Cache County real estate market won't fully correct this year. August home sales were pretty dismal and were down 30% from last year. There is still lots of real estate inventory/competition from other sellers. In August only 100 listed residential homes sold in Cache County. This puts August sales down nearly 30% from last years numbers and down 37% from 2006 August sales numbers. Many of the high end homes are slashing prices and are starting to sell. This has raised the median and average sales price. Overall prices are not up, but August had the highest ever average sales price at $204,730. The median sold price was $186,200 and the homes that were on the market were on for an average of 95 days. Currently there are 648 single family home listings and 740 total residential listings on the market. This number is gradually declining, but there are still too many homes for sale in Cache County.

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Hyde Park Utah Real Estate Update

08-27-08
Alan Barker

Hyde Park Utah currently has a lot of homes for sale for a town with less than 3,000. There are 49 active single family home listings on the MLS in Hyde Park. The median price of these listings is $300,000. Well above the median sold price in Cache County of $178,000. And the average listing has already been on the market for 150 days. In the last six months 26 Hyde Park Real Estate Listings sold. These listings had a median price right around $250,000.

Overall, real estate is moving slowly in Hyde Park and many sellers are reducing prices in hopes of selling.

Providence Utah Real Estate Update

08-25-08
Alan Barker

Overall, the real estate market in Providence Utah is in pretty bad shape. There are 77 active residential home listings with a median price at $296,950 and average price of $333,631. In the last six months 45 homes sold in Providence. These Providence Utah Real Estate listings had a median price of $234,000, average price at $256,029, and were on the market for an average of 100 days.

Providence homes priced less than $250,000 are still selling, and the low end market is actually pretty healthy. In the last six months, 27 homes less than $250,000 sold. There are currently 30 homes on the market in that price range.

There are 47 active listings priced more than $250,000 in Providence and 13 listings priced higher than $450,000. In the last six months only 18 listings above $250,000 sold; only one listing above $450,000 sold. Basically, home sales for The Bench areas are struggling.

Hold on. It could be a long winter for Providence Real Estate.