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Issue 03 - May 2021

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May 2021 Issue 03 STATE OF THE MARKET May July Cache Valley is continuing to see home prices rise mostly due to the decrease of homes for sale and the increase in demand from buyers Sept Nov Jan Mar 0 100 000 200 000 300 000 400 000 AVG SOLD PRICE PER MONTH TRENDING NOW MIXED MATERIALS Rough brick warm wood soft green grass and fluffy white blossoms what do they all have in common They look great together An earth toned palette is just the ticket when you re mixing a wide variety of textures And we re totally loving this unique visual screen of chopped and stacked wood What an easy and natural way to add some privacy and texture to your backyard space In May 2020 the average sold price of a home in Cache County was 285 000 Fast forward to April 2021 and the average sold price is now 387 000 That s over a 100 000 increase in just 12 months

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THE SCOOP OPEN HOUSES Open houses had virtually become extinct in this part of the country up until this past year and especially within the last few months Now every weekend you can find at least a few open houses to visit if you re in the market CACHE COUNTY HOUSING MARKET Data compiled from local MLS UtahRealEstate com Median Listed Days on Market 125 100 75 Why are we suddenly seeing open houses again Simple with the low inventory and strong demand there s just not enough time to get all prospective buyers through a home using the individual appointment system Agents are frequently listing homes on Thursdays or Fridays hosting open houses on Saturdays and reviewing offers with sellers on Mondays or Tuesdays This is done in an effort to allow potential buyers an opportunity to view the home and submit an offer without being rushed into a first come first serve scenario 50 25 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 There is a way that nature speaks that land speaks Most of the time we are simply not patient enough quiet enough to pay attention to the story LINDA HOGAN May 2021 Issue 03

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325 000 279 000 PETERSBORO WELLSVILLE 5 bed 1 bath 2 363 sq ft view lot 20 86 acres 995 280 LOGAN 575 000 commercial industrial land 41 47 acres 299 900 HYDE PARK 6 bed 3 bath 3 860 sq ft LOGAN commercial space 2 000 sq ft May 2021 Issue 03