Lisa Udy Realtor Utah Real Estate Specialist

Cache County: Logan Utah Real Estate Market Report September 2009

In September of 2009 there were a total of 31 single family homes that sold in Logan, Utah.

There are currently 270 single family homes in Logan, UT on the market, as of October 1, 2009.

There are currently 59 single family homes in Logan, Utah under contract, as of October 1, 2009.

The average sold price of homes in Logan, UT for September 2009 was $169,790. The Average days on the market for these Logan homes sold was 118.

In September 2009 there were a total of 2 commercial properties in Logan, UT that were sold.

There are currently 65 commercial properties in Logan, Utah on the market, as of October 1, 2009.

There are currently 4 commercial properties in Logan, Utah under contract, as of October 1, 2009.

If your interested in buying homes in Logan, Utah, I would love to help get you started. I have over 8 years of experience in the real estate business, and I have over 25 years of business experience. Buying a home can be one, if not the, biggest financial decision of your life. Don't go it alone, you need an experienced real estate specialist on your side.

If you plan on selling a home in today's real estate market, having an experienced listing agent on your side is crucial. I have been selling homes in Logan, Utah for 8 years, and I know the current market. I can help you stage your home, price your home to sell, and will negotiate the best deal for you. I will work in your best interests, and I have a qualified team to keep your best interests taken care of throughout the selling process.

Lisa Udy

Immaculate Homes

Logan Utah Real Estate

Logan UT Homes

Lisa@LisaUdy.com

Cache County Utah Real Estate Market Report Sptember 2009

In September of 2009 there were a total of 85 single family homes that sold in Cache County, Utah.

There are currently 757 single family homes in Cache County, UT on the market, as of October 1, 2009.

There are currently 160 single family homes in Cache County, Utah under contract, as of October 1, 2009.

The average sold price of homes in Cache County, UT for September 2009 was $185,939. The Average days on the market for these Cache County homes sold was 103.

In September 2009 there were a total of 3 commercial properties in Cache County, UT that were sold.

There are currently 92 commercial properties in Cache County, Utah on the market, as of October 1, 2009.

There are currently 6 commercial properties in Cache County, Utah under contract, as of October 1, 2009.

If your interested in buying homes in Cache County, Utah, I would love to help get you started. I have over 8 years of experience in the real estate business, and I have over 25 years of business experience. Buying a home can be one, if not the, biggest financial decision of your life. Don't go it alone, you need an experienced real estate specialist on your side.

If you plan on selling a home in today's real estate market, having an experienced listing agent on your side is crucial. I have been selling homes in Cache County, Utah for 8 years, and I know the current market. I can help you stage your home, price your home to sell, and will negotiate the best deal for you. I will work in your best interests, and I have a qualified team to keep your best interests taken care of throughout the selling process.

Brigham City Homes - If you are searching for homes in Brigham City, you need to be educated on the market. Brigham City has seen a decline in the upper end homes since 2008 just like most cities in the Utah real estate market. Which means, homes in Brigham City over $250,000 are struggling to get sold, and because of this stat, you may want to consider this market. Here's why:

If you can afford a home in the upper price range, above $250,000, you have a lot of inventory to choose from, as well as a lot of negotiating power. In the last 30 days, there are currently 15 homes in Brigham City UT over $250,000 on the market, and there are 0 under contract. This means there is more than a years worth of inventory on the market, and if you know this as a buyer, you can use this knowledge as negotiating power.

If you are in the lower price range, homes in Brigham City under $200,000, it's a different story. Today there are 96 homes on the real estate market in Brigham City, with 38 of those homes under contract. There are more homes to choose from, but with those stats, it shows there is only about 4 months of inventory available. This market is much more competitive, and it's going to be harder to negotiate a better deal on the listing price.

If you want more information on Brigham City homes, feel free to contact me and we can disuss how you can get a great deal on a new home.

Logan Utah Short Sales - If you are looking for a great deal when buying real estate, one option to consider is going after a short sale listing. In Logan, we don't have a ton of short sales compared to other larger communities in Utah, but we do have a few.

So, what is a short sale?

Short Sale - Basically, a short sale happens when an owner of a home can no longer meet the payment requirements, and they ask the bank to forgive part of the loan amount to sale the property. The bank agrees to discount part of the loan balance do to an economic or financial hardship.

What this means to a buyer is that you have a chance to get a nice deal on the purchase of a short sale home. But, don't get to excited yet, there's more to it then just submitting an offer and closing the deal. A short sale, depending on the bank, the real estate agent, and the approval process, can be a headache. Now, I am not saying it's not worth the headache, I just want you to be prepared to handle the process.

Short sales are notorious for the time it can take to get a final approval. The reason it can take so long is the bureaucracy of the banking systems. Also, because the banks are forgiving an amount on the loan, they want to try and get the best price available to recoup their losses.

They do this by trying to create a bidding war. The bank will take multiple offers over the time period and will take the best offer. The time period a bank allocates for the bidding process can be anywhere from a couple weeks to a couple months. This adds to the time it takes for you to get your offer accepted, and adds to the amount of time it takes to close.

Now that you are somewhat (each short sale is different, and it's important to talk to an agent regarding each home) educated on the process of buying a Logan, Utah short sale, is it worth the headache? It all depends on how patient you are, and if you have the time to wait out the process to get approved. If you have the time, buying a short sale in Logan, Utah may just be the great deal you are looking for.