Logan Utah Monthly Residential Real Estate Statistics-10/28/2010
Posted by Lisa Udy on Thursday, October 28th, 2010 at 11:19am.Logan Utah Monthly Real Estate Housing Report
2010 Average days on market
Average Days on Market for Logan Utah real estate in 2010 from 01/01-09/30/2010 is: 119
Trends in the 2010 residential real estate market are showing that homes are staying on the market longer before they are sold. Homes are taking on average 40 days longer to sell in September 2010 as they did in January 2010. Average market time for a home is a minimum of 6-8 months.
2010 Average Sold Price
Average sold price for Logan real estate in 2010 from 01/01-09/30/2010 is: $148,932
The September 2010 Logan Real Estate market has seen a 9% increase in the average sold price since January 2010. The prices stayed steady through the first six months of the year, and increased slightly at the end of the summer buying season. The prices should either remain the same or decline slightly through December 2010.
2010 Residential Sales
Total Yearly Residential Sales 01/01-09/30/2010: 310
Through September 30, 2010 the Logan housing market has sold on average 34.4 homes per month. The total number of homes sold peeked in May during the 2010 First Time Home Buyer Tax Credit. The rest of the year seems to be fairly consistent in the number of homes sold every month.
2010 Average Price per Square Foot
Logan Utah average price per square foot 01/01-09/30/2010: $81
The average price per square foot through September 30, 2010 was $81.00. The price per square foot has remained steady for most of the year. Let’s look at the numbers and how they are affecting the kind of home you can get today.
At $81 a square foot you would pay $202,500 for a 2,500 Sq. FT home (2,500 x $81 =$202,500.)
For more information on the Logan Utah real estate market please contact us.
All information from the WFR MLS.
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