Vineyard Utah Real Estate

02/04/2022

Daily Market Update
2/3/2022
Total MLS Active Listings: 1,726
Utah County Active: 379
Under Contract: 2,799
Sold Last 30: 584
# Months Inventory: 0.65
Last Month's DOM: 24
Last Month's Median List Price: $499,000
Last Month's Sales Price: $497,750
Last Month's $/SQF: $208.35
Last Month's List/Sold Ratio: 99.75%

01/27/2022

Daily Market Update

1/27/2022

Total MLS Active Listings: 1812

Utah County Active: 411

Under Contract: 2773

Sold Last 30: 622

# Months Inventory: .66

Last Month's DOM: 24

Last Month's Median List Price: $493,900

Last Month's Sales Price: $501,250

Last Month's $/SQF: $197.59

Last Month's List/Sold Ratio: 101.49%

01/21/2022

Daily Market Update
January 20, 2022
Total MLS Active Listings: 1,921
Utah County Active: 438
Under Contract: 2,735
Sold Last 30: 667
# Months Inventory: 0.66
Dec DOM: 24
Dec Median List Price: $493,900
Dec Median Sales Price: $501,250
Dec Median $/SQF: $197.59
Dec Median List/Sold Ratio: 101.49%

10/22/2021

Prices are not dropping...but the rate of price increase is.

While existing home sales in September rose a surprisingly strong 7% M-o-M to an annualized rate of a very robust 6.29 million, they decreased 2.3% from the frenzied housing market of a year ago. More interestingly, however, price growth is rapidly decelerating. It has slowed from a Y-o-Y gain of 23...

09/10/2021

Looking to buy? Things are looking better!

As an inventory boost delivers relief to a tight market, fewer sellers are changing their list price, according to realtor.com® data.

08/19/2021

05/11/2021

This is not a 2008 situation.

The housing market is red-hot right now. Real estate industry experts weigh in with predictions.

05/03/2021

This is not a 2007-09 repeat...

The staggering rise of U.S. home prices is forcing thousands of aspiring buyers into grueling, often risky bidding wars, raising questions about whether the torrid housing market could be in a bubble.

04/30/2021

Understanding what it means when that house you had your eye on is no longer available...or is it?

The most-relevant difference for a home buyer: a house that's pending is much further along on the home-purchase timeline. But there's more to know.

02/26/2021

Don't be so quick to blame California for this crazy housing market. Apparently those exiting the Golden State are more likely to move to Idaho over Utah. And for those that are moving to Utah chances are greater that they're from either Connecticut, Illinois, New York, or New Jersey rather than California. Also don't discount the amount of growth from within. After all Utah is known for big families and often those big families like to stay together forever.

In 2020, Idaho enjoyed the highest percentage of net migration, with 70% inbound and 30% outbound, a net of 40%. SC followed at 28%, then OR at 26%, AZ and SD at 24%, and AL, FL, NC, and TN at 20%. AR was 10th at 18%. CA at -18%, CT at -26%, IL at -32%, NY at -34% and NJ at -40% struggled most. Amer...

01/28/2021

Winter is not slowing this market down!

Existing-home sales jumped in December to a seasonally adjusted annual rate (SAAR) of 6.76 million, the highest level since 2006. Usually, sales weaken in December but due to Covid-19 seasonality has disappeared. Had December’s sales of 540,000 occurred in July, it would have resulted in a seasona...

01/22/2021

From December 2019 to December 2020 the median sold price of houses in Utah jumped $54,000. Median days on market dropped 27 days to 9.

The housing market is like any other market: supply and demand. Low inventory relative to high demand drives prices up and the competition for houses available.

Contact me to discuss strategies of how we can the best price for your house!