The future of Logan Real Estate looks bright. There are 143 homes currently under contract. April should be a big month for home sales.
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Cornerstone Real Estate Professionals

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  • Short Sale Numbers Slightly Up in Logan While Total Real Estate inventory in Cache County is up, the number of short sales is also up, but still significantly less than a couple months ago. The number of Cache County Short Sale listings rose from 29 to 33, an increase of less than half a percent.
    2 months on
    Logan Utah Real Estate
  • Record HIGH number of Home Listings in Cache County Right now there are 854 residential homes for sale in Cache County Utah. By my records, this is the highest amount of Real Estate Inventory Cache County has ever had. The previous high I ever noted was 850 in July of last year.


    So what does this mean?

    In basic economics, it simply means that there is more supply than demand. When this happens, prices will drop. What it means overall is that it is not a good time to try and sell Logan Utah Real Estate. There will still be hundreds of Cache County homes that can and will sell, but the homes that do sell will be those that offer the best value. If you NEED to sell your home you want to make sure you have it priced low, and have it clean and presentable. Showings will be down, so those showings you get, you need to make count. If you don't NEED to sell, you might be better off by just taking your home off the market and learn to enjoy where you now live.

    If you need to relocate, it's better to drastically drop the price on your house now rather than to leave it vacant for months or years. Doing so will reduce the overall loss. The high inventory, especially among the high end homes also means that many sellers may want to consider lease options or renting their homes out if the losses that need to be taken will be too much.

    There are other variables, other factors of course, and with real estate what really matters is the amount of competition in a particular price range or area. Next month I plan to do my break down by price ranges, and by home sizes for the amount of real estate inventory. That will give us a better idea of which type of Cache Valley homes for sale have most saturated the market.


    2 months on
    Logan Utah Real Estate
  • Cache County Home Sales Up 36%, Inventory Also Way Up Home sales in Cache County during May were way up. The 114 Cache County homes reported sold on the WFRMLS mark the highest single month of home sales in Cache County in nearly 22 months, with the exception of July of last year when 117 residential homes sold. Many of these home sales can be attributed to the expiration of the home buyer tax credit at the end of April. For the number of homes that sold, this represents a 36% increase compared with May of last year, and a 16.67% increase compared with April.



    Prices of May home sales was down by 6% compared with May of last year. The average price of Cache Valley homes sold was $168,614 while the median price was $153,220. The median price was one of the lowest monthly medians since early 2006. The homes that sold were also smaller than normal, with an average square footage of 2,098 square feet.
    Because many of the home purchases were advanced as result of the government stimulus, the future Logan Real Estate market isn't looking quite as bright. Real Estate inventory is way up, there are 58 more homes on the market than there were just a month ago. The current 839 Cache County Homes for Sale is getting close to the highest number of home listings Cache County has ever had.

    Home sales in the next few months should be down for Cache Valley Real Estate. The 162 homes that are currently under contract is down 29% from last month. We should expect a drop in real estate activity during June and July as hangover from the tax credit. It will be interesting to see what happens with the local real estate market at the end of the summer.
    3 months on
    Logan Utah Real Estate
  • Cornerstone Real Estate Top Brokerage for Home Sales in May

    Of the different real estate brokerages in Cache County during May, Cornerstone Real Estate Professionals was by far the number one Logan Real Estate brokerage again. For the month May Cornerstone had 31 residential closings just in Cache County, 9 more than any other local brokerage. Cornerstone also had 10 other Utah Real Estate closings that were mostly in Weber and Davis County.

    Residential Home Sales in Cache County for May:

    1. Cornerstone .................................31
    2. Parker Real Estate ......................22
    3. Coldwell Banker ...........................21
    4. Youngblood Real Estate ..............17
    5. Century 21 ....................................15
    6. @Home Realty Network ............15
    3 months on
    Logan Utah Real Estate
  • Short Sales in Logan Down 33% So I just ran the numbers to see the latest trends for Logan Utah Short Sales, and unless the MLS changed the way short sales are calculated, short sale numbers in Logan are way down. Of the 812 homes listed for sale right now, just 29 Logan Real Estate listings are short sales. This is nearly 33% less than last time I ran the numbers a month in a half ago.


    Just 3.59% of the homes listed for sale in Cache County are listed as Short Sales. This is substantially down from the stable trend over the past six months.

    3 months on
    Logan Utah Real Estate
  • Logan Real Estate Inventory Back UP
    After the huge decline in Real Estate inventory at the beginning of the month, when home buyers rushed to get properties under contract at the end of April, Logan Utah Real Estate inventory is up again.

    There are currently 812 homes for Sale in Cache County. This is 32 more homes on the market than two weeks ago. The number of home sales in may does look like it will be pretty strong. During May thus far, there has already been more than 65 residential homes sold.
    3 months on
    Logan Utah Real Estate
  • Cornerstone Real Estate #1 Cache County Brokerage for April Once again Cornerstone Real Estate had more real estate transactions than any other Cache County Brokerage during April. In fact, Cornerstone had more buyer buyer transactions than any other brokerage had total real estate transactions.


    Cornerstone Real Estate Professionals had twice as many transactions as @Home Realty Network and Parker Real Estate, and had ten more than Coldwell Banker.
    4 months on
    Logan Utah Real Estate
  • Logan Real Estate Market Looking REALLY Good The Logan Utah Real Estate market is looking really good. It's partially due to the homebuyer tax credit, but might also be partially due to an improved economy and more optimism for the future of Utah Real Estate.

    During April, Cache County Real Estate sales were up almost 18% compared with last April. They were up almost 16% compared to the good sales numbers we had during March. So far, 95 residential homes on the MLS have been reported as sold.



    In the near future, don't expect home sales to slow down. Right now there are 227 residential homes for sale under contract in Cache County. While some of these will fall through, that represents a substantial number of closings that will happen over the next few months.

    The prices of homes that have sold in recent months is down, this is in large part due to the large number of purchases involved with first time home buyers. The average price of the homes sold during April was $163,795, down 6.48% from last years average price.

    For other positive news, real estate inventory is also down, finally. This is in large part due to the increased buyer activity and the large number of homes that are under contract. It's possible that a lot of sellers took their homes off the market when didn't sell during the tax credit time. There are currently 774 Cache County Homes for Sale. And this actually includes a good number of "phantom listings" where the homes don't actually exist. This is actually less homes than were for sale during May of last year when the Logan area had 787 residential homes listed.

    After seeing these numbers, I am very optimistic about the future of the Logan housing market. It looks like things have really turned around and are headed towards a balanced, normal, real estate market.
    4 months on
    Logan Utah Real Estate
  • Logan Real Estate is Busy - 205 Under Contract Homes

    Logan Real Estate is busy right now. With the expiration of the home buyer tax credits, buyers and real estate agents are rushing to get things done. While there hasn't necessarily been a huge number of closings in the last week, there has been a very large number of homes go under contract.

    On Monday there were 820 listed homes in Cache County. Right now, there are just 807. This is really positive to see the inventory moving in the downward direction, especially being that it is normally such a big season for listing homes. Cache County Real Estate Inventory has dropped substantially over the last few days.


    The biggest reason inventory has gone down, is because so many properties are going under contract. Two weeks ago there were 172 Logan Homes for Sale Under Contract, right now there are 205! This bodes well for future Logan Real Estate sales.

    Over the last week there were only 13 homes listed on the MLS that were reported sold. I'm betting this number is actually higher, but many of the agents are so busy right now that they haven't had time to update the stats.

    All the tax credit craziness will end in just two days, and the real estate market will be reliant on its own power again. There will definitely be a little lag for seasonal levels for home sales during July and August as many buyers advanced their home purchases to qualify for the tax credits. It will be really interesting to see how Northern Utah Real Estate fares this summer.
    4 months on
    Logan Utah Real Estate
  • 800 Homes on the Market in Cache County It is official. There are now 800 homes for sale in Cache County Utah. In the last week, 21 homes went under contract, in total 171 homes are now under contract. The end of April looks like it will be even stronger for total home sales.
    4 months on
    Logan Utah Real Estate
  • Number of Short Sale Homes Down in Logan
    The Number of Homes listed as Short Sales in Logan Utah is down compared with last month. There are currently just 11 Short Sale homes for sale in Logan. The percentage of total Short Sales in Cache County is also down, 5.66% of the 799 properties for sale in Cache County are Short Sales. The total number of short sales is actually slightly up, as many of the outlying cities in Cache Valley saw an increase. In total, there are 44 listed short sale homes for sale.


    4 months on
    Logan Utah Real Estate
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