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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.