Market Trends Graphs for Utah Real Estate
Included in the creation and implementation of the new MLS system for real estate agents in Utah is a program which allows agents to analyze and track certain trends in the market. I have recently familiarized myself with the system and wanted to share a few of the results that I discovered.
All of my clients and most of my friends and family ask me the current status of the real estate market in Utah. These graphs of the market over the past 10 years will give you a very clear idea to the answer to that question. Although no one can predict what will happen, it appears for now that the market is beginning to stabilize.
These graphs do not include the first quarter of 2010, but I can share from personal experiences that I have never been busier, and most of my colleges reflect the same experience. When my clients find good deals, I have had several experiences in the last month that the property is gone a few days later. Much of this is attributed to the tax credit deadline but many of these properties are too expensive or are in locations not convenient for first-time home buyers.
As you can see, supply and prices have returned to a more regular level and pattern and homes are starting to sale at a more predictable rate. With the recent surge in demand, it appears that the real estate market will experience the normal 3-8% annual appreciation (one can hope). This is a great time to buy with the low interest rates, low home prices and thehome buyer tax credit. It is also a good time to sell a home for the same reasons.
I have selected a few different general graphs to share with you but I would be more than happy to do a customized analysis for you. Give me a call or shoot me an email with the type of house/market you are interested in and I will quickly send you an analysis for you.
The State of Utah as a whole:
Provo Single Family Residences:
Blog Archive2017-05-16 23:10:54
'Wonder Woman' Confirmed Seat Reservations List
6th Annual Easter 'Egg'stravaganza April 15th!!
6th Annual ESPN Bracket Challenge $2500 in prizes!
Easter Event (2017) Registration Confirmation
Open House, Seminar, Easter Event and more!
FREE Real Estate Seminar & Workshop!
2017 1st Quarter Current Market Analysis and Trend
THANK YOU from our Sub for Santa Families
Star Wars Rogue One Event Photos!
Sub for Santa Delivery Schedule!
Star Wars: Rogue One Client Appreciation Event!
Star Wars: Rogue One - Confirmed Seat Reservations
Appreciation Event: PHOTOS WITH SANTA!
Our SUB-4-SANTA families and fundraiser for 2016!
Upcoming Events, Market Update, new Team Member
2nd Quarter 2016 Market Analysis and Results
Seat Reservation List - Finding Dory- Updated 6/14
2016 1st Quarter Market Analysis
Seat Reservation List - 'Finding Dory'
Seat Reservation List - 'Captain America'
Winners of our 5th annual Bracket Challenge!!
Tournamnet Challenge Bracket Update 3/21
Easter Event Fundraiser for the Dunn Family
5th Annual Easter 'Egg'stravaganza Event!
Pizza and Egg Stuffing Paty
Click here to see ALL articles.