Should I Sell My Utah Home in the Winter – January 2015 Utah Home Sales Data
This Week I Cover…
Sales data & trends heading for winter 2015
Signs that the 2015 winter is turning out big for sellers
What you can expect for the Spring 2015 selling season
“Should I sell my Utah Home in the Winter?”
Much more…
Want to know what your house is worth in today's market, find out now! Yes, it's free!
Video Transcript
Hey, it’s Joel Zieve from Keller Williams Success Realty and the Northern Utah Home Team. Happy New Year to you!
I’m going to jump right into it and show you what we see happening for the beginning of 2015 and see what we can guess for what’s going to happen in the spring. If you’re a seller you’re going to be really excited because of what I’m about to tell you! So get ready for a big winter market coming up and here’s why!
Ok, so I know there’s a lot of information on this graph so I just want to focus on a couple of key things here. Over the last couple months here the number of new listings and therefore the number of total listings have dropped dramatically. And as a result of that we’re seeing prices continue to rise up. That typically doesn’t happen all that often in the winter. But with less competition, fewer inventories, interest rates are still really low, we’re starting to see that the time on the market is starting to shorten or pretty much stay the same and prices are going up. So that’s the bottom line of things selling quickly. This is for, of course, for Weber and Davis counties. So let me show you one other thing here.
This graph shows year over year changes from 12 months ago. And what you’re going to see the same kinds of things here, the number of… Let me focus on this. This “100%” is your comparison, so anything over this is an increase from the exact same period last year at this time. Anything below it is less. So, take a look at the total listings. We’re down about 85% from where they were last time, this year. And it’s been dropping for quite some time. And because of that you’ll see prices are well over what they were last year at this time also. Number of new listings is down, total listings, price is going up, and the time on the market is also shortening. So all this is great news for sellers.
If you’re a buyer, it’s still good news for you because interest rates are just incredibly low and there’s been no better time to buy a home in recent history for sure! So, if you’re looking to buy or sell, most importantly if you’re looking to sell and you want to know specifically how this seller’s market is impacting you and your house value then give me a call. I’m happy to do a market analysis for you. Of course, there’s never a fee for that or an obligation to work with us.
I’ll put my contact information on back up here, and that’s your Market Update for January 2015! Happy New Year!
November 2014 Utah Home Sales Data – Should I Sell During the Winter?
This Week I Cover…
Sales data & trends heading into the 2014 holiday season
Signs that the 2014-2015 winter could be big for sellers
What you can expect for the rest of 2014
Should you sell during the winter?
Much more…
Want to know what your house is worth in today's market, find out now! Yes, it's free!
Video Transcript
Hey, everyone, it’s Joel Zieve with Keller Williams Realty and the Northern Utah Home Team. I just wanted to give you a quick market update to show you how things are headed, looking, heading into the holidays this time of year.
Okay, so I know there’s a lot here. So let’s just focus on the things that you’re probably most interested about. The first is history of list price. So I’ve got two years’ worth of data here, and the orange line is actually the sales price and what you see happening here. So in 2013, it spiked quite a bit, and then not quite the increase, but still an increase toward the end of the summer and in the fall for 2014, and how long are they taking to sell—that’s the accumulative day on market, and that’s the green line here, so that’s that trend. Months of inventory—months of inventory means that based on the number of offices that are currently for sale, how long would it take—how many months would it take based on how quickly they are selling to completely deplete the market. So you’ve heard some people talk about having a low inventory. That’s exactly what we’re in and headed toward right now which leads to increased prices, which is, of course, great for sellers, not so much for buyers.
Let me explain this one to you. This one is very interesting. This shows changes from year-over-year, and I have lined it up to match the top. So basically this is the 100% line. So for price, this shows the change in price compared to the same time 12 months prior, and what you’ve seen is a gradual increase with a little dip here when things sold off at the end of the summer, but prices continue to climb compared to where they were last year, and these are the most interesting things—the total listings have just been taking a nosedive. We’re now at 90% of this time last year, and also, the months of inventory is also drastically down. So if this trend continues, what we are going to see is prices continuing to increase because of the lack of inventory. So if you know anybody, or if you’re thinking about selling over the winter, but you have this mindset that the market isn’t as good in the winter as it is in the spring or the summer, I think we’re about to see that change. So I hope that helps. If you have any questions, of course, give me a call. Thanks! And I hope this was helpful.
2014 2nd Quarter Utah Home Sales Data – When’s the Best Time to Sell?
This Week I Cover…
The 2nd quarter, 2014 sales data are in – what’s the market doing?
Which county has the highest sales price growth? The answer might surprise you!
What you can expect for the rest of 2014.
Home spotlights in Layton and Kaysville, two of the best markets right now.
Much more…
Want to know what your house is worth in today's market, find out now! Yes, it's free!
Video Transcript
Hello everyone! This is Ann Zieve with the Northern Utah Home Team and Keller Williams success realty. I’m here to give you my weekly market update. And today I have sales data from second quarter 2014 so we’ll go over that we’ll also look at some homes on the market. So let’s get started.
And first up we have the sales data for Weber County. This is showing us this green line is the number of units listed. The blue line is the median sales price and the red line is the number of units sold by quarters from 2014 back to 2009. And we can see at the end second quarter 2014, the number of units listed has increased from first quarter. It’s about the same where it was a year ago. Our median sales price has dropped from where it was a year ago although it is up slightly from the first quarter and the number of units sold has increased from first quarter but again it’s about where it was a year ago. So if trends continue the way they did last year we can expect to see number of homes listed, sold and prices starting to decrease as we go in to the third quarter for Weber County.
Well let’s take a look at Davis County. Here’s the data for Davis County. We are looking at the same things but we can see as slightly different pattern. For one thing, the median sales price is up at 219,000 which is an increase from where it was a year ago and an increase from where it was at first quarter. If you remember Weber County, the median price is around 150,000 so quite a bit higher in Davis County. Number of units listed has increased from first quarter and about where it was a year ago and the same with the number of units sold increased from first quarter about where it was a year ago. Now in Davis County, we could also expect to see if trends continue from a year ago, that the number of units listed and sold will start to decrease but a year ago the price continue to increase for another quarter so we’ll keep an eye on that and see if our prices are going to continue to increase in Davis County. Well let’s take a look at some home in the market in Davis County.
And first up is 329 Whits End in Kaysville. This is a beautiful 4 bedroom 5 bath home on almost an acre (0.84), has some great features with water features, a huge barn in the back and every bedroom has its own bath so they’re all set up like suites. This is a beautiful over 4,000 sq. ft. home on the end of a cul-de-sac and definitely worth checking out.
And next we have 1230 Fairmont Lane which is in Layton. This is a 4,700 sq. ft. home with 7 bedroom 5 baths at the end of the cul-de-sac. On over a half acre, I’m sorry it’s .39 acres and it has a mother-in-law suite on the main floor which is a very rare find. You can see all the beautiful finishes, lots of space in here for everyone and extended family as well.
So that’s the end of this week’s market update. Feel free to give us a call, a text or an email if we can help you with your real estate needs and until then, keep living smart.
When’s The Best Time to Sell or Buy a Home in Utah?
This Week I Cover…
Number’s Don’t Lie
–When to buy to save the most money
— When to list to sell to make the most money
Should you still wait until Spring to buyer or Sell?
New updated home for sale under $130k in Ogden
Kaysville home for sale on 1/2 acre with an amazing kitchen
Much more…
Want to know what your house is worth in today's market, find out now! Yes, it's free!
Video Transcript
Hello everyone! This is Ann Zieve with the Northern Utah Home Team and Keller Williams Success Realty here to give you your weekly market update, and this week we’re going to answer the question is it better to wait until spring to buy or sell real estate, and we’ll also look at some new homes on the market. So let’s get started. So this chart shows sales statistics broken down by month for the year 2013, and you can see the months of the year written out here. This gives you the number of homes sold in the State of Utah for each month. This gives you the percentage of original list price that the sold price was, and then we have the median price per square foot of that sale. And what I would like to point out to you is that during the timeframe of April to August is when the most units of homes were being sold in the State of Utah. Do you see that? And if you look over here, interestingly enough, that’s also when the highest percentage of the list price was paid. So you were paying closer to list price during that time, and you’re also paying more per square foot during that time.
So what this would tell me is that if I were a buyer is that waiting until April through August to buy a home is not necessarily when you’re going to get the best deal. You’re more likely to pay closer to list price. Homes are selling faster during that timeframe which tells me it’s a more competitive market, and you’re going to pay more per square foot. So you might want to buy your home before the market gets hot in that April to August timeframe or after. If you’re a seller what this would tell me is that since statistics show that buyers are on the Internet looking at homes about two months before they are actively walking through homes, you want to be getting on the market now because the hot market is coming in April so February is the time to get your house out there, so you’re exposed to all that Internet traffic of people searching for your home. Give us a call and we’ll be happy to go over this more with you, but these statistics hold for Davis and Weber County just like for the State of Utah.
So let’s take a look at some new homes on the market. First up is this very affordable and move-in ready home in Ogden. If you’re looking for something for under $130,000, you want to check this home out. Look how beautifully refinished those floors are. It’s a four-bedroom home with two baths. The basement is finished. It has a two-car carport, a huge deck off the back with a privacy fence backyard and a shed, so you can relax out there and entertain and enjoy time with family and friends. This home is move-in ready and it is out there for you to take a look at today. If you’re looking for a great property in Davis County in a little bit higher price bracket, you might want to check out this five-bedroom, three-bath home that’s over 3,500 square feet on over a half-acre in Kaysville. Look at that kitchen. I just love this kitchen, and it has lots of upper-end finishes. It has a huge master bedroom suite with a jetted tub, so you can just relax away your cares, and you’re just going to have a great time living and entertaining in this great home. Well, that’s it for this week’s market update. If you have any questions or need more information on anything we discussed, or if you need help buying a home, selling a house or investing in real estate, feel free to give us a call, a text, or an email. Until next week, keep living smart.
