Posted by on Jul 7th, 2010 in Uncategorized | 0 comments
There is some improved news for Land Owners in Cache Valley, 2010 land sales are up 33% compared to the first six months of last year.
So there have been 48 land parcels sold in Cache County this year. 17 of these were residential lots less than half an acre. The median price of these residential lots was $56,000 and the average sales price was $53,517. There are 11 plots of land under contract right now.
While Cache Valley land
sales are improved, it still has a long way to go to before the Logan real estate
market is balanced and land owners can expect their properties to sell for what they want, and in a timely manner. There are currently 203 lots less than half acre currently for sale, and an additional 302 lots for sale on parcels bigger than .5 acres. At this sales pace, Cache County has about five years worth of active real estate inventory.
via Logan Utah Real Estate Market Conditions: Cache County Land Sales Improved! Just 5 Years of Real Estate Inventory.