* Only 19% of the current single family home MLS listings are under contract
* 11% of those listings under contract are "short sales"
* At least 28% of the listings under contract are vacant
* The median price of the listings under contract is $169,500
* The median price of active listings is $170,000
* There is an less than 1% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home
(see below)
Source: Wasatch Front Regional Multiple Listing Service
The lack of disparity between the median active and under contract list prices is interesting in that there are still 10 months of inventory on the market in Roy. This area of Weber County has always weathered the ups and downs in normal real estate cycles here locally, including those times when our largest employer, Hill AFB, has experienced reductions in force, loss of defense contracts and even a BRAC threat or two. Does anyone have any insight they can share with me to pass on to my seller-clients in this community? Thanks in advance ...
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Knowledgeable & Professional Representation ... Aggressive Negotiation
Kim Novak is a Realtor® and Broker Associate with RE/MAX Masters in Salt Lake City and Layton, Utah. Licensed in 1995, Kim has closed over 500 sales during her full time real estate career and achieved industry recognition as a Lifetime SalesMaster and member of the RE/MAX Hall of Fame. She holds a BSBA with an emphasis in Sales & Marketing and has achieved the following designations/certifications:
ABR: Accredited Buyer Representative, AHWD: At Home with Diversity, CDPE: Certified Distressed Property Expert, CHS: Certified HAFA Specialist, CRS: Certified Residential Specialist, CSP: Certified New Home Sales Professional, ePRO: Internet Professional, GRI: Graduate of the Realtor® Institute, SFR: Short Sale & Foreclosure Resource, SRES: Seniors Real Estate Specialist
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