Tag Archives: utah

Posted on by November 13, 2014

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…

horizontalbluearrow

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.

Aerial Photos from Ogden Valley Balloon Festival, 2014

Here’s one more reason to love the Ogden Valley – the annual Balloon and Artist Festival.  This year, launches were at Snowcrest Jr. High School.  There was an evening launch at Nordic Valley (formally Wolf Mountain) along with the night Balloon Glow, concerts (all day and night), food, artists, vendors, kids play area, and so much more.

To learn more about the Festival, check out the Ogden Valley Balloon and Artist Festival web site.

We couldn’t pass up the opportunity to put the camera in the air to get these amazing photos (below) and video so we are posting here to share with you.

Click on any of the images to view the full image.

BalloonFest2014-07 BalloonFest2014-02 BalloonFest2014-03 BalloonFest2014-08 BalloonFest2014-06 BalloonFest2014-09 BalloonFest2014-10 BalloonFest2014-01 BalloonFest2014-04 BalloonFest2014-05

We use this same equipment to create the aerial photos and videos that are part of our Ultimate 57-Point Marketing Plan to help sell homes for sale in Ogden Valley Utah.  Here’s a sample.

List of Ogden Valley Homes and Land For Sale (still a buyer’s market, but not for long).

Posted on by July 15, 2014

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…

horizontalbluearrow

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.