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2015-09-15 16:29:57
Copenhagen, Eastgate, Scandia Market Update!

Due to the large number of transactions that The Jared Fields Team closes in the Copenhagen, Eastgate and Scandia townhouse subdivisions, we decided to put together a very detailed market snapshot for these communities which includes the most recent comparables, estimated market values and a market analysis. If you are considering selling or buying in this community, this is incredible information! Be sure to contact us, your Copenhagen, Eastgate and Scandia real estate specialists for any and all of your real estate related needs!

 

Recent Comparables

Scandia

1) 7/21/15 - 1062 S 950 E #34 - 2 bed Mid-Unit, 1.75 bath, 1560 sq.ft., unfinished basement - $134,000 minus $4,000 in concessions

2) 3/13/15 - 1084 S 1000 E #13 - 3 bed End-Unit, 1.75 bath, 1401 sq.ft. - $139,000 minus $4,000 in concessions

3) 5/29/15 - 1084 S 1000 E #16 - 3 bed End-Unit, 1.75 bath, 1360 sq.ft. - $143,000 minus $2900 in concessions - LISTED & SOLD by Jared Fields

4) 6/10/15 - 1112 S 1000 E #5, 3 bed End-Unit, 1.75 bath, 1440 sq.ft. - $142,000 minus $1,100 concessions - LISTED & SOLD by Jared Fields

 

Eastgate

1) 4/30/15 - 1042 S 810 E - 2 bed Mid-Unit, 1.5 bath, 1070 sq.ft. - $126,000 (no concessions)

2) 8/31/15 - 1069 S 810 E - 2 bed Mid-Unit, 1.5 bath, 1086 sq.ft. - $129,000 minus $2,600 concessions

3) UNDER CONTRACT - 862 E 1090 S - 2 bed End-Unit, 1.5 bath, 1070 sq.ft. - Listed at $133,000

4) UNDER CONTRACT - 1037 S 810 E - 2 bed Mid-Unit, 1.5 bath, 1070 sq.ft.- Listed at $138,500

5) 8/31/15 - 1073 S 810 E - 3 bed End-Unit, 1.5 bath, 1300 sq.ft. - $151,000 minus $3,500 concessions - LISTED & SOLD by Jared Fields

 

Copenhagen

1) 2/25/15 - 1086 S 950 E #216 - 3 bed Mid-Unit, 1.75 bath, 1620 sq.ft. - $137,900 minus $2,758 concessions

2) 6/4/15 - 1105 S 900 E #204 - 3 bed End-Unit, 2 bath, 1650 sq.ft. - $151,000 minus $4,000 concessions - LISTED & SOLD by Jared Fields

 

Market Trends of Comparable Townhouses in Provo, Orem & Springville

 Market Trends Utah Copenhagen, Scandia and Eastgate Townhomes

 

Estimated Average Market Values:

 

Scandia End Units (1600+sq.ft) - $144,000 to $152,000
Scandia Middle Units (1600+sq.ft) - $140,000 to $147,000
Scandia End Units (less than 1600 sq.ft) - $138,000 to $144,000
Scandia Middle Units (less than 1600+sq.ft) - $133,000 to $139,000

 

Copenhagen End Units - $144,000 to $155,000
Copenhagen Middle Units - $141,000 to $149,000

 

Eastgate 3 Bed End Units - $144,000 to $153,000
Eastgate 3 Bed Middle Units - $140,000 to $149,000
Eastgate 2 Bed End Units - $130,000 to $140,000
Eastgate 2 Bed Middle Units - $127,000 to $137,000

 

Market Analysis

Values are almost back up to pre-recession levels (2007/2008) and the highest they have been in 6-7 years! As mortgage interest rates go up, as they are expected to do in 2016, we expect these values to top off slightly. So there is a good chance for a at least some appreciation in 2016 but not like anything we saw in 2013 and 2015. Our current expectation for these townhouses is a very stable market and values over the next 12-18 months. But keep an eye on interest rates, China and the presidential election!

 

More Info about these Townhouses and The Jared Fields Team

 

- The Jared Fields Team has provided the highest sold comparables for 2015 (Listed and SOLD) for Eastgate, Copenhagen and Scandia.

 

- Jared Fields and his Team have sold more Eastgate, Copenhagen and Scandia townhouses than anyone else in the past 6 years (over 36 total sides).

 

- Jared Fields owns a Copenhagen Townhouse (#221) and is personally dedicated and interested in increasing property values in the area.

 

- The Jared Fields Team charges only 5.5% to list these townhouses (split between Buyer's Agent and Listing Agent) and gives additional discounts for repeat clients.

 

- The Jared Fields Team has an 80-85% SOLD rate on listings vs. 60% industry average, is the highest and most reviewed Team in Utah on Zillow.com and was the #3 RE/MAX Realtor for all of Utah in 2014 and currently in 2015.

 

- The Jared Fields team will be hosting pre-Opening Movie Showings of the upcoming Hunger Games and Star Wars movies (1200 total seats)! If you are considering buying or selling real estate in the near future AND your loyalty does NOT currently rest with another Realtor, be sure to LIKE our Facebook page and register to www.TheFieldsTeam.com and you will be invited to reserve seats.

 

 

Recent Seller Reviews

 

“Jared came out the day we called him to talk over all the details, way after normal business hours. He didn't pressure us to hurry up or act like we were putting him out in any sort of way. His team had us stage the house and took professional pictures. They drove tons of traffic into the house and we had a cash offer in 1 week. I am beyond impressed with their level of professionalism and knowledge. I 100% suggest you use Jared's team.” Michael W. 9/2/15

 

“Jared helped us prepare our house for sale so that we could get the best possible price. His advice was essential to our success. We added recessed lights to several living areas and remodeled our basement based on Jared's advice, and those changes helped us sell our house in five days.” Daryl H. 5/25/15

 

“We recently worked with Jared Fields in January in listing our home in Lehi, Utah. Jared was so fantastic to work with. He was very educated and knowledgeable about the market and when and what to list our house for. He didn't play games, but gave us a realistic idea of what we should shoot to sell our house for. We listed our house, and within days received a fantastic offer on our home. He negotiated the price with the buyers and we really felt like the ball was in our court. He answered our questions and handled the closing in a very professional way. We would recommend Jared Fields to anyone who is looking to sell their house in the Utah area!” Laura H. 5/12/15

 

 

Don’t hesitate to give me a call, send a text or email for all of your Utah real estate needs!

 

Jared Fields, JD, ABR, SFR, CNE, SRS
Realtor, RE/MAX Results
532 East 800 North, Orem, UT 84097
Cell: 801.360.1003
Email: Jared@TheFieldsTeam.com

 
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