July Sales Numbers for Davis County

Unofficially, 298 residential single family homes were sold in Davis County during July. This is down 25% from last year when 401 single family homes were sold. In addition, the average sales price of davis county homes also declined 4.5% to an average sold price of $254,426 in July.

Davis County Condo Sales were identical to 2007’s numbers as 31 condos sold. The average sold price of these condos was however down by $21,000 at $164,000.

There are currently 2,136 single family homes for sale and 214 condos for sale in Davis County Utah. . The median list price of single family homes is $278,000, and the average list price is $356,447. The current median list price of condos is $200,000 and the average list price is nearly $224,000.

Davis County Real Estate Stats

Real Estate in Davis County is down. Compared to the second quarter of 2007 prices are down by more than $10,000 to an average sold price of $254,300. The number of single family homes sold (857) is also down 26% compared to last years sales.

June sales were even more depressing as they were down by nearly 28% compared to last year. They were slightly up from May’s sales numbers.

The Current Davis County Utah listings number 2,297 with a median price at $275,000 and an average price at $351,529. These listings have been on the market for an average of 87 days. At Q2’s sales pace the current supply of, Davis County Homes will last 7 and a half months.

Davis County May Sales Numbers

Home Sales in Davis County were down by about 25% this May compared to last year. A total of 314 residential properties were sold in Davis County at an average sold price of $246,337, down 7.7% from last May.

Currently there are 2,052 active single family residences for sale in Davis County. The average list price of these properties is $367,625 and the average home has been on the market for 82 days. There are also 183 condo listings in Davis County with an average list price of nearly $225,000.

Utah 10 Year Home Appreciation

 

What is a healthy appreciation rate for real estate? It has to be more than the rate of inflation because more real estate cannot be created. It becomes more and more scarce as the population grows, and the population of Utah is growing. To make math simple, I picked 5% as an easy to figure out appreciation rate and ran a few numbers comparing the actual real estate appreciation rate to the 5% amount for the past 10 years for the major Utah Counties.

If 5% appreciation is an accurate and healthy rate for real estate appreciation, then compared to the 1998 average home value, Salt Lake and Utah Counties are overvalued while Davis County is almost right on, and Cache and Weber County’s real estate is undervalued.

 

Davis County Home Sale Numbers for April

Home sales continue to be slow in Davis County Utah. For April of 2008, only 277 single family homes were reported sold on the Wasatch Front MLS.  This is almost 100 less homes sold than April of last year, down about 25%. One interesting statistic is that most of the homes that were sold during April were only on the market for a short period of time. 38% of the houses sold were listed for less than thirty days, and nearly 60% of the homes sold in April were on the market for less than two months. This shows that many of the new listings are pricing there homes right for today’s market and not for the booming real estate market of last year. The moderate homes are still selling at a relatively healthy pace.

The average price of Homes Sold in Davis County during April was $250,932. This is slightly down from 2007’s April numbers at $254,585.

Currently the average list price of homes on the market is $366,62, and the median price, is even more than this average price at $294,900. Here is a breakdown of the average list price of the major Davis County Cities:

• 186 Homes for Sale in Bountiful - Average Price $560,000
• 70 Homes for Sale in Centerville - Average Price $387,000
• 144 Single Family homes for sale in Clearfield Utah - Ave Price $205,00
• 151 Houses for Sale in Clinton UT - Ave Price $232,000
• 149 Residential Homes for Sale in Farmington UT - $449,000
• 219 Homes for Sale in Kaysville Utah - $402,000
• 480 Single Family Houses in Layton Utah - $333,000
• 153 Homes for Sale in North Salt Lake - $521,000
• 294 MLS Listings in Syracuse - $316,000

February 2008 Home Sales Numbers for Davis County Utah

The number of homes sold in Davis County declined in February, compared to a year ago. There were 142 less single family residences sold as MLS listings this year vs. last year, a decline of 40%. The average February home sales price was actually up by more than $8,000, to $239,042. Currently there are 2,076 residential properties listed in Davis County UT. The median list price is $289,900, and the average asking price is at $353,488. Click the link below to view Davis County Utah Homes for Sale.

January 2008 Home Sales Stats

Davis County Home Sales Down

Home Sales in Davis County are down, but prices are still up. For January home sales were down 31% compared to January’s 2007 numbers. There were 195 single family houses sold this year vs. 284 last year. These sales stats don’t look great, but compared too Salt Lake and Utah County which had almost half the number of houses sold this January vs. ‘07, home sales are only slightly down.While number of homes sold was down, sold prices were still up 4.5%. The average sold price was $237,335 vs. $226,467 last year. Presently there are over 1,966 single family homes on the market in Davis County. To View these properties click this link.For specific information on homes on the market in Davis County Cities:

Bountiful

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Centerville, ClearfieldClintonFruit HeightsFarmingtonKaysville