Logan currently leads the state of Utah in Real Estate Appreciation at 3.67%. That may not seem like a huge percentage but it is very strong for the down market the Nation is seeing. Meanwhile there are areas in CA that are seeing up to 34% DEPRECIATION. In Stockton, CA there 1 in 25 homes are in foreclosure compared to 1 in 226 in the state of Utah.
Cache Valley has only had 420 default notices out of 24,000 single family residences. The valley also has a lower average price per home than the rest of the state. Currently we are around $180,000 compared to $249,000 in Salt Lake County.
Logan is still a very affordable place to buy a home and, although down a little from last year, is still seeing good growth in home values.
If you need to search for any listings in Logan or surrounding areas, visit Logan Utah Real Estate
1 comment:
Interesting information on Logan price appreciation. You're right it's not much but it sure beats what's happening here in Sarasota Florida where prices have droppd as much as 20% in the past year with no bottom yet in sight.
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