Providence, UT

Providence Utah Real Estate Market Snapshot

Here are the most recent Providence Utah real estate market statistics as of April 14th, 2010. These numbers represent single family homes only.

Providence Utah Active Listings: 65

Providence Homes Under Contract: 8

Sold Last 30 Days March 14 - April 14, 2010: 5

Average Price Per SQFT: $83.90

Providence Homes Sold Last 180 Days: 23

Providence Homes Sold Last 365 Days: 82

Sold Price Compared To List Price March: 87%

Average Days On Market March: 205

Quarterly Comparison:

Providence is showing signs of improvement but with the tale of two markets, not many homes are selling in Providence. If we look at the real estate statistics in Cache Valley, there are two completely different markets. There is the homes in the market that are priced below $200,000 and the market priced above $200,000. Most of the Providence Utah homes for sale are in the upper price ranges. Because of this factor, Providence has shown to be more sluggish then Logan, and if we look at the graph above, you can see the red line has shown a steady decline since the third quarter of 2006.

A number that shows the tale of two markets is, out of the 8 homes under contract in Providence, only 2 of them are priced over $200,000. Once the first time home buyer tax credit expires April 30th, we will be able to start to judge where the market is going. With all of the government programs artificially propping up the market, it is going to be hard to judge how the market is going to shape up going into 2011. Providence will probably show a decline after the first time home buyer tax credit expires just as most markets in Cache Valley.

In Providence Utah there are 58 currently active real estate listings on the Providence Utah MLS.

In Providence Utah there are currently 5 homes under contract.

In January of 2010 there were 3 Providence Utah homes that sold.

Those homes sold were on the market an average of 66 days and sold at an average price of $222,667 at an average of $68 a square foot.

Out of those 3 homes sold, 2 of them were priced over $200,000.

Compare To 2009

In Providence 2009 there were a total of 4 Providence Utah homes sold.

Those homes sold were on the market an average of 93 days and sold at an average price of $215,500 at an average of $99 a square foot.

Out of those 4 homes sold, 2 were under $200,000 and 2 were sold over $200,000.

HOME SALES PER QUARTER PROVIDENCE UTAH JANUARY2005 DECEMBER 2009

This graph shows homes sold, median sold price, and the amount of inventory of homes on the market from January 2005 to the end of 2009. The 3rd quarter of last year, the Providence market had it's best quarter, which was helped by the first time home buyer tax credit.

The graph also shows the median price of the Providence Utah real estate market has remained steady over the last 3 years. The graph also shows a decline in home sales in Providence beginning in the 1st quarter of 2007. Although home sales have decreased, the price of those homes sold has leveled off, which is a good sign as we move into the recovery from the recession.

It will be interesting to see if the amount of homes sold increases in the first quarter of 2010 compared to the first quarter of 2009. The second quarter is going to show a descent amount of sales with the extended home buyer tax credit expiring.

Search Providence Utah Homes For Sale By Map - While searching for homes in Providence Utah, try using a great map search that is provided by Google's outstanding map service. The Providence map search allows you as a searcher to dig deeper into the location of your home, and viewing your home on a map aids in helping you determine the perfect location for your dream home.

Get started searching Providence Utah Homes For Sale By Map by following this link!

Here is a preview of what you get with the map search:

After finding a location in Providence that you like via the map search, just hover your mouse over the top of the little home icon to view the pricing information. Once you find a home that you like, just click on the icon and it will take you to a more detailed page with the listing information.

It looks like this:

Once your on the details page of your favorite Providence Utah homes for sale, you can gather a lot of information to aid in your home search. You will find 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!

Using a great tool like our map search is going to keep you ahead of other buyers in the market. You will know when your dream home comes on the market as soon as it hits the MLS via your property listing alerts. Everything you need will be on the site so keep coming back to keep updated on the Providence real estate market!

Search Providence Utah Homes For Sale Now!