Sales and Prices Jump in April for Ogden
Home sales rose in Ogden last month and prices were up for the first time since July 2010, according to the latest report published by the local MLS on Monday.
The WFRMLS, a Utah based Multiple Listing Service, reported that an estimated 94 new and existing single-family homes sold in April, 19.15 percent higher from 76 in the same month the year ago, and slightly up by 2.13 percent over March with 92 homes sold.
Meanwhile, median price of of Ogden Utah homes sold last month stands at $105,000, up 7.62 percent from $97,000 in April 2010, and 11.67 percent higher from the month prior to April median of $92,750, based on the data provided by the listing service.
For the local housing struggling to establish solid footing like Ogden real estate market, this report was a pretty good news. April marked as the first month of year-over-year increases in median price prices. The last time the median existing home prices risen in Ogden was way back July 2010 which registered 6.25 percent increased.
Roy Home Sales Down 17.14% in March
Residential real estate in Roy Utah dropped in March year-over-year and over February sales, according to the data released last week from the local Multiple Listing Service.
At the end of March, Roy Utah real estate market registered a total of 29 single-family homes sold, fell by 17.14 percent from 35 in March the year ago, and fell 21.62 percent from 37 in February, according to the data provided by WFR Multiple Listing Service. Meanwhile, median price of existing Roy Utah homes for sale last month was $123,077, down 16.13 percent from March 2011, and an 11.67 percent down in median over February.
Under contract properties last month dropped 3.26 percent from 215 in the month prior to March, and 27.78 percent below March 2010 under contract properties of 288. Roy houses for sale sold in March were selling in a slow pace spending an average of 98 days in the market before these properties were sold compared to 89 days in February.
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Ogden Home Sales Up 26 Percent in March
Ogden real estate market rebounded strong last month after being down for two consecutive months. Local market home sales up 26.09 percent in March over the the same period the year ago, and up 47.83 percent over February sales. According to local MLS, combined sales of single-family homes, detached homes and attached homes in the area totaled to 92 units, above the last year total of 68 and from 48 units sold in February.
The median price for all homes sold last month showed a sign of strong increased, coming at $92,750. That is 6.47 percent higher than the $86,750 median price of homes sold the month prior to March. Though the median price in March decline over the year ago, that decline was much milder than February and January median in year-over-year comparison.
Under contract properties in the area increased at the end of March when compared to the same month in 2011. Properties that went under contract last month was 160, 26 units higher than February, and 91 units more than March total under contracts. Homes sold last month stayed in the market for an average of 116 days in the market, which means that Ogden Utah homes for sale are selling faster than February and March 2011 average days on the market at 137 and 144, respectively.
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Sales of existing North Ogden Ut homes sale for the second straight month climbed 18.18 percent in February while median price was down 12.81 percent in year-over-year comparison, the Ogden Board of Realtors reported on Monday.
According to the board, a total of 11 single-family homes were sold last month, compared with just nine units sold in the same month the year ago. That was the second consecutive month of year-over-year increase the North Ogden Utah Real Estate market have been posted. On the other hand, median price registered a decrease of 12.81 percent from $174,900 in February 2010 to last month median of $152,500. Based on the data the board released, depreciation in median sales price last month was the fourth times in a row and the hugest so far this year.
The decrease in active listings and increase of pending sales were good signs that local market is healthy. Active homes for sale in North Ogden Utah Real Estate market in February was 159, down from 156 in prior February. Under contract properties up 59.38 percent, with 32 home on the line waiting to close.
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There is much to be done in preparation of selling your home without the help of a real estate agent. However, selling your home on your own can be a profitable and satisfying experience if you successfully sell it more than the price you want. Nobody knows more than you are of what are the great features and points your home has as well as the neighborhood. Aside from that, you can aggressively price your home since you will be pocketing yourself at least six percent commission. Home selling is not a difficult task to do unlike what other says. In fact, you can do better than a broker if you equipped yourself with outstanding marketing strategy together with plenty of time dedicated to the task.
Add your home on the listings and search for comparables
One disadvantage in selling your home without having a broker on your side is the difficulty to make your home listed on the MLS. The MLS stands for Multiple Listing Service, a complete list of all available homes for sale all over the country listed by real estate agents. Only real estate agents can list on the MLS. Though, you can find some broker who provides listing service alone in relatively low price of around $400 to $600. With that your home is now visible to all potentials in your area.
In searching for comparables, websites such as Zillow and Traulia are good source of information that shows home prices in your neighborhood. Knowing prices in your area is significant for you to come up with a good competitive asking price.
Increase Home’s Curb Appeal
Give your home a more appealing look as possible before you start your marketing and selling job. Both interior and exterior parts of the house must be totally clean. Get rid any clutter in the yard, plant some flowers and keep sidewalks free of debris. Inside, do the same thing by keeping it clean and clutter free. Collect all unused things in your kitchen and move it into the storage area. Polish wood floors and clean your carpet. Anything you do to increase your home’s curb appeal is important in home selling.
Plan Excellent Marketing Strategy
You need to create an excellent marketing campaign both online and offline. Don’t stuck advertising on local newspaper classifieds. Try online by listing your home into reputable listing and advertising websites, like Zillow, Traulia, eBay and Craigslist. Over 50 percent of potential home buyers are using internet to search and view homes first before they decided to visit the actual property. Hold open houses and put signage to immediately encourage buyers to call you. Put at least two signs if your home nestled in a corner lot.
Visit West Haven Utah Real Estate for more related home selling articles.
Roy Home Sales Jump in February
Sales of new and resale single-family Roy Utah houses increased in February — up 40.54 percent from the year ago in the second highest rise in sales in six months, according to the local MLS.
Real estate agents in the area sold an estimated 80 single-family Roy Utah homes through their local Multiple Listing Service last month. That was up 54.05 percent from 57 in the month prior to February and 40.54 percent higher from just 22 sold in the same month the year earlier. Housing analysts in the area say that the people in Roy, Utah are feeling more confident about the economy, they are taking moves to advantage of the depressed prices and mortgage rates that are near record lows.
Median price of homes sold in February was up over the year ago for the first time since June 2010. Median price of homes sold last month was $139,330, up by nearly two percent from $136,630 in February 2010, and up 1.71 percent from $137,700 in January. Meanwhile, the number of active homes for sale in Roy Utah Real Estate market last month was 20.28 percent less than the year ago, and pending sales went up 60 percent from February last year.
An estimated 48 new and resale Ogden Utah homes were sold in the entire area last month. The number was down 37.66 percent from 77 in December, and 12.37 percent lower from 55 in January 2010. The decline in sales in between the month of December and January is normal for the season. On a year-over-year basis sales have increased in the past six months until last month in which sales suffered a double digit depreciation.
The median price home buyers paid for Ogden Utah houses they sold last month was $89,950, slightly down by nearly three percent from $92,641 in the same month the year ago, but 5.61 higher compared to the month prior to January median price of $84,900. Including the last month, the median have decreased for 18 consecutive months in year-over-year basis. The peak of the current cycle was $136,000 in July 2008, while the bottom was $98,200 which happened in January 2009.
Homes sold last month stayed on the market for an average of 112 days before they were sold to the new owners, it’s quite longer compared to December which took only 69 days for homes to sold. Meanwhile, homes for sale Ogden UT that went under contact in January was up 9.52 from 114 in December 2010, and 38.89 percent higher from homes that went under contract in January 2010.
Ogden sales spiked in December
The number of Ogden Utah homes sold in December rose over a year earlier for the sixth months in a row. Real estate agents in the area sold a total of 77 new and resale homes last month. That was up from the month before by 5.19 percent and up 31.17 percent from 53 in the same month the year ago, according to the report prepared by the local MLS.
The median paid price for all single-family homes sold in December was $84,900. That was down 17.48 percent from November and down 24.20 percent from the last year median of $129,900. The December’s median was so far the lowest in the record. Also, the year-over-year decline in median was the second highest for the year 2010 only behind 28.44 dropped in median which happened in March.
Another key price gauge that analysts watch, the median price per square foot for existing single-family Ogden Utah houses for sale. Median price per square foot in December was $51.77, down from both the month before and the year earlier which respectively logged median price per square foot of $53.11 and $62.89.
See Ogden Utah Real Estate Listings to see all the latest available active homes for sale in the area!
The real estate in Weber County Utah market is continued to show mixed signs last month as home sales jumped while home prices and new listings fell. In November, closed sales of new and resale single-family homes in the area dropped 12.50 percent when compared to October, but 8.16 percent higher when compared to November 2010, according to the monthly report compiled by the WFR Multiple Listing Service, released last week. Under contract properties were 2.08 percent below the year-ago numbers.
However, the median price paid for all the homes sold last month was $135000, a decrease of 10.27 percent from $150,450 in the same month the year ago. That was also slightly down 3.85 percent from $140,400 in September. The average price for Weber County real estate homes sold in November was $146,296.
New listings or active Weber County homes for sale decreased 20.74 percent year-over-year and down 4.23 percent when compared to the month before. It can be a good sign for home sellers, but it might also reflect a lack of confidence on the part of potential home sellers.
