Fewer single-family homes and condos were sold in July compared to July 2009 sales, as reported by WFR multiple listings services. Specifically, sales of Roy UT homes for sale single-family homes and condos in Roy, Utah area fell 41.67 percent from 48 units sold a year ago to last month 28 units sold.
The median price paid for all new and resale houses and condos sold in Roy real estate market during the month of July was $152,000, modestly down 3.43 percent from $157,400 in June, and a decrease of 1.30 percent from $159,949 in July 2009. July’s median was 16.02 percent lower than the Roy Utah real estate median’s peak in September 2007 at $181,000. The dropped down in median last month was the first in the last five months.
There are many factors that driving in July’s unstable Roy Utah real estate property market. But one of the most crucial factors is the instability of the job market. It can also be attributed to the expiration of the federal home buyer tax credit program, but for whatever reason the drop in sales is not a good sign for Roy UT real estate housing recovery.
Ogden, Utah – According to the latest report published by WFRMLS, home sales in Ogden went down over June, and suffered its lowest sales output in a year level since February 2009. Last month home sales logged an estimated 67 sold units that includes new and resale houses and condos. That number was below 26.27% from 91 in May, and depreciated 36.19 percent from 105 in July 2009. Real Estate in Ogden Utah lowest July’s sales output was July of this year and registered its highest sales in 2007 at 175 units.
During that month almost 17 percent of total sales were foreclosure properties (foreclosed properties on or during the past year). That was the highest foreclosure contribution so far, in July 2009 it was 8.27 percent, and lowest contribution at 10.98 percent in October 2009.
The median home sales price last month was $128,000, up 10.61 percent from $115,000 in June, and up 6.25 percent from $120,000 in July 2009. The year -over-year increase for Ogden Utah Real Estate was the first time in almost four months after being down in the months of April, May and June. So far, the lowest median registered was in January 2009 at $98,200, while the highest median happened in July 2008 at $136,000.
When the month of July comes to end, a total of 896 active Ogden Utah homes for sale were listed in the market and 62 went under contract. Under contract saw no changes, it still remains the same from the month prior to July. Meanwhile, inventories of active homes increase from 880 In June.
Home sales in the entire Ogden, Utah area in June dropped 14.95 percent when compared to June of last year, while median home sales price as well shot down 8 percent, according to WFR multiple listing services of Utah issued report last week.
MLS data shows that an estimated 91 new and resale Ogden Houses and condos were sold last month, down 27 units when compared with 119 units sold in June 2009. The median home price in June 2010 was $115,000, below 8 percent than the registered $125,000 a year earlier.
Real Estate experts in the area says that the decline in sales was attributed in part to the expiration of the government home tax credit incentive in which a homebuyers must enter escrow on or before the April 30th deadline.
The 62 pending contracts in June was down 15.07 percent from 73 in May, and the second lowest logged pending contacts this year. Economist and experts added that housing market in the area to be weak in the remaining months of this year because of heavy load of foreclosures in Ogden UT Real Estate market.
Homes for sale Roy Utah hit the very bottomed in June, but prices were up slightly, according to the latest report published by WFR multiple listings services. On the record it shows that sales last month was the worst for Real Estate in Roy by registering 50.88 down turn in sales. The lowest ever sales that the area had been experience.
A total of 28 new and resale houses, townhouses and condos in Roy area were sold last month, down 30 percent from May and dipped tremendously by 50.88 percent over the June sales the year ago. June marked the fourth month of home sales decrease this year and the second straight month following the 18.37 percent in May in a year-over-year levels.
Prices were nearly identical of what it was in May only move up by 0.73 percent from May and 1.62 percent from the same month the year ago. When June ended median home paid price for all new and resale Roy Real Estate houses and condos was at $157,400. That was below 10.06 percent compared to Real Estate in Roy median peak in September 2007, but higher than its lowest median price in February of this year by 4.42 percent from $150,450
Home inventories were kept on increasing every month in the area. In fact, last month home inventories of 329 properties were the most since last year. For homes sold last month it took 46 days in the market to be purchased. It shows that homes sold last month were moving slower than in May, but much better compared with the year ago.
Home Sales in Weber County Utah were substantially down in June. They were down nearly 19% compared with June of last year when 286 residential homes sold. Home sales were also down by more than 15% compared with May. The 232 Weber County homes sold during June were more expensive. The median sold price was $163,047, and the average sales price was $188,070, up 6% compared with last June, and up more than 14% from the average sales price in May. The increase in sales price is a good indicator that many of the homes sold during June were by non first time buyers.
While the prices of homes sold during June was up, the near term future for Weber County looks like we will see more drops in prices. In the last month, the number of homes for sale in Weber County, Utah has risen from 2,260 homes to 2,311. The list price of the homes for sale in Weber County has dropped. The median list price is currently $169,900. A month ago the median list price was $5,000 more.
In addition, there are significantly fewer homes under contract now than any time this year. There are currently just 338 under contract homes in Weber County Utah.
Read More at Utah Homes for Sale and Real Estate Market conditions
May home sales were not that decent compared in the last two months for Roy Utah Real Estate . A total of 40 new and resale houses, town homes and condos sold last month. That data shows a sales depreciation in monthly and yearly-levels. It was down 18.37 percent from 49 homes sold in April, and 20 percent below over May 2009 from 50 units sold.
Real Estate Roy Utah median home sales price slightly moved up by 3.07 percent from $156,250 in April, and 6.56 higher than May of last year from $159,900. The median increase last month was the third consecutive in a year-over-year levels.
In the last 30 days Roy UT real estate market logged a total of 300 active homes for sale and 21 under contract. Active Roy Homes for Sale were 20 units more than the last month while under contract properties were down from 47 in April. Sold homes during that month was moving in a fast pace that last 38 days in the market to get sold compared to 51 days in April.
Ogden Utah home sales eked out modestly in May compared with the year earlier and over the month of April. The median sales price fell below the year ago level for the second consecutive month as the government housing programs intended to help and support the housing market have expired together with the higher share of Real Estate Ogden Utah foreclosure properties in total sales.
Month of May end up with a total of 119 new and resale single family Ogden homes and condos sold. That data reported by WFR multiple listings services was up 10.92 percent from April’s 106 units sold, and had a similar increase over the same month last year at 10.92 percent.
The median sold price for all the houses and condos last month was $122,900, down 1.68 percent from $125,000 in April and fell 5.24 percent from $129,700 way back the last year. It was the Ogden Utah Real Estate second straight month of median decrease. The median hits the lowest level in October 2006 at $106,500, and with the highest median at $150,708 in March of this year.
The slowdown in sales last month in some point may be attributed to the delay in closings of home buyers until May 1, especially those purchasing a new homes. Housing market experts are still in a worry about the outcome of the housing market in the coming months as they said a fall will be experienced again. That will be cause by the increasing numbers of foreclosure properties and the decrease of job opportunities.
A total of 343 houses and condos were listed under short sales in April, according to the last month data issued by WFR multiple listings services in Utah. That was dramatically down compared to March that listed 1,036 short sale homes. Percentage of total Short Sales in Weber County is similarly the same with March, 14.98 percent of the total 2,290 active homes last month were short sales.
The decline of short sale properties in the market shows a better market is up ahead for Weber County area in the coming months. The number of short sales are used as a barometer by many housing market analyst to determine the performance of the area’s housing market in the future. Most likely, Weber County foreclosures rate next month will remain low and expect a pretty consistent Weber County foreclosure as well.
New home sales in April for South Ogden UT Real Estate shot up 19.05 percent, and the third straight month that sales were above over the year ago, as home buyers rushed last month to take advantage of the federal tax-credit that actually also ends up last month.
April was another month of year-over-year gain for both home sales and home sales price. Last month a total of 21 units sold in the entire are of South Ogden that represents an up in sales by 19.05 percent compared with the same month last year that sold 17 units, but down 25 percent from 28 homes in March. Real Estate South Ogden Utah home sales reached its peak on April 2007 with 29 homes disposed, and bottomed in January of this year with just homes sold in total.
The other good thing last month was the unexpected skyrocket of home sales price at $205,000, median was up 37.07 percent over the last year from $134,500, and up 16.44 percent compared to the month prior to April from $139,900. South Ogden Utah Real Estate recorded the its highest median on December 2009 at $223,500, and hit the lowest median level at $103,000 on Feruary last year.
Median sold price per square-foot at the end of April for South Ogden Utah Real Estate was $79.39, up 4.58 percent in a year-over-year basis and same with March median price per square-foot. A total of 147 active homes were in the market in April with 27 pending homes/under contract.
Home buyers across Roy, Utah area were active during last month leading to the highest home sales that the area had reached since November 2009. That was due to the federal first-time home buyer tax credit that runs out on April 30. Roy Utah Real Estate recorded its second straight home sales gain in monthly basis by 4 percent following the three consecutive months of home sales depreciation. In the year-over-year basis home sales were up at the end of April compared with the same month of last year, from 45 units sold to the last month 50 units. According to the April data issued by WFR multiple listings services.
A steady growth so far for Roy Utah home sales market in this year. One other good news for the housing market in Roy was the soaring of both the median and average home sales price in monthly and yearly comparison. At the end of April there was a total of 280 active Roy Utah homes in the market for sale and 47 pending sales, and homes sold last month were spending fewer days in the market at 51 days than with a year before that took an average of 96 days on the market.
But we will see if the recovery of Real Estate in Roy Utah will continue in the remaining months of the year. Recovery of the market can be determine later this spring and summer season, the time that tax credit are no longer a factor.
