Brigham City Utah Quarterly Real Estate Statistics-10/25/2010

Posted by Lisa Udy on Monday, October 25th, 2010 at 1:59pm.

Brigham City Quarterly Residential Housing Report

Quarterly Comparison Average Days On Market

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Over the last two years the average days on market in Brigham City have steadily risen. If you are planning on selling your home you will have a much longer “on the market” time than you would have in 2008. This is good news for buyers though. With the increase of days on market you should have lots of inventory to choose from.

Quarterly Comparison Average Sold Price

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The average quarterly sold price is down about 11% from 2008 numbers. This means you are getting more house for your money in today’s Brigham City housing market.

Quarterly Comparison Residential Sales

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Total number of third quarter sold properties is down about 45% from total sold third quarter properties in 2008.

Quarterly Comparison Average Price per Square Foot

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The average price per square foot peeked in the third quarter of 2009. It has since decreased about 10% from then to the  third quarter of 2010. Let’s look at the numbers and how they are affecting the kind of home you can get today.

At $84 a square foot you would pay $210,000 for a 2,500 Sq. FT home (2,500 x $84 =$210,000.)

At $68 a square foot you would pay $170,000 for a 2,500 Sq. FT home (2,500 x $68 =$170,000.)

In essence you are getting the same home for $40,000 less than you would in the third quarter of 2009.

For more information on the Brigham City Utah real estate market please contact us.

All information from the WFR MLS.

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