Parade of Homes: Signs That The Real Estate Market Has Changed

So Yesterday I blogged about the Cache Valley Parade of Homes, about how it is a fun opportunity to see homes that you can only dream about.

Well that blog was posted before I actually visited any of the houses on this years parade…

Homes on Past Years Cache Valley Parade of Homes

Cache Valley Parade of Homes Home

Homes on This Years Parade of Homes

Home 12 Cache Valley Parade of Homes

Starter Home in Logan Utah

So far my wife and me have seen all of the Parade Homes in Logan, Nibley, Millville and River Heights. None of these homes are what I would call “Dream Homes.” Sure, these homes are nice. They are well built, well staged, and professionally decorated, but the size of the homes Cache Valley builders are showing off is probably a good indicator of how the Logan Real Estate market has changed. Cache Valley Builders are clearly targeting the “starter home” and more moderate home buying market. The largest finished area of these homes was actually the Kartchner Model home which is just over 2,600 square feet. There was one slightly larger rambler in Millville, but its basement wasn’t even finished. It had only about 1,600 square feet, and the “great room” in it is not what I would call great. It was so small there wasn’t even enough space for all of the staged furniture.

There are a few bigger Parade Homes I will view this weekend, but from the homes I’ve visited thus far, there has been a major shift in builders focus. For the realities of the Cache Valley Real Estate market this is a good thing. There just isn’t demand for luxury houses right now, and unless a builder can build a custom home for a client that they can show at the parade, there really is no point of throwing money away on a fancy spec home that nobody will buy.

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