December 31, 2008

What Were the Most Popular Price Ranges of 2008?

Before we leave the old year behind we wanted to share some important information for Sellers in 2008! Some price ranges for homes will sell faster because of a larger pool of buyers who can afford to purchase these homes. Consider yourself lucky if your home’s value is within one of the popular price ranges.

For example, in Davis County, 86% of the homes sold in 2008 were priced between $120,000 and $350,000. That means that if your home has a value in this price range it likely will sell within a 70-day time frame which was the average “Days on Market” for the county. The most popular price range in 2008 was between $180,000 and $299,000; over 54% of the homes that sold in 2008 fall within this range. Sales for higher priced homes were fewer with longer sale times in 2008.

Here is how the average prices faired for 2008 by County in Northern Utah:

Salt Lake County Average Price Home Value - $289,115
Utah County Average Price Home Value - $269,138
Davis County Average Price Home Value - $251,218
Weber County Average Price Home Value - $191,588
Box Elder County Average Price Home Value - $174,865

Community Events for Layton and Kaysville:

In Layton, the Parks and Recreation Department is now registering boys for Jr. Jazz basketball. The season begins on January 15, 2008. For more information you can contact the Parks and Recreation Department on their website. If your family is into skating then you will likely want more information on Layton’s Family Skate Night on January 19th too. Ice skating and skates are free to Layton residents.

Kaysville is sponsoring New Years Eve Celebration for families at City Hall starting at 7:00 pm on New Year’s Eve. For details and types of activities go to their website.

May we take this opportunity to wish each of you a Happy and Prosperous New Year in 2009!

Posted By: Steve Randall