Market Data

Aug. 8, 2019

Low Iron County Homes Inventory Continues to Create Opportunities for Sellers

Low Iron County Homes Inventory Continues  to Create Opportunities for Sellers

The latest stats for Iron County (for June) published by Utah Association of REALTORS® demonstrate an almost 9% fall in new listings compared with the same period last year, together with a 3.6% drop in actual inventory numbers since last June.

This means that there are just over four ...

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July 10, 2019

Latest Iron County Real Estate Stats Confirm Excellent Market Conditions for Sellers

 Latest Iron County Real Estate Stats Confirm Excellent Market Conditions for Sellers

We've just taken a close look at the latest set of statistics for the Iron County real estate market (for May), published by the Utah Association of REALTORS®, and thought we should share some of the good news it contains with you.

Median and average sales prices have risen ...

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June 28, 2019

STOP!!! READ THIS!!! - Mortgage Rates Have Just Fallen To A 31 Month Low!!!

STOP!!! READ THIS!!! - Mortgage Rates Have Just Fallen  To A 31 Month Low!!!

Yesterday, the average 30 year fixed rate fell to just 3.73%, while the 15-year fixed-rate average dropped to 3.16!

This is the seventh week out of the last nine where rates have fallen.

Just a year ago, the 30 year average was 4.55% and the 15 year ...

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June 5, 2019

Why Right Now Could Be A Great Time To Stop Renting And Buy Your Own Home

Why Right Now Could Be A Great Time To  Stop Renting And Buy Your Own Home

Last week 30 year fixed mortgage rates dipped below an average of 4% and we are currently seeing the lowest rates since the beginning of 2018.

The highest average 30 year fixed rate last year was 4.87% in November, so there has been a considerable reduction since then.

If ...

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May 21, 2019

Why Mortgage Rates Are So Competitive Right Now

Why Mortgage Rates Are  So Competitive Right Now

Last month saw an average interest rate of 4.14% on 30 year fixed rate mortgages. This was the lowest figure since the beginning of last year!

Even though this is extremely encouraging news, what's often underappreciated is just how competitive mortgage rates have actually been for some time ...

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May 8, 2019

The Iron County Real Estate Market Goes From Strength to Strength

 The Iron County Real Estate Market Goes From Strength to Strength

The latest Iron County real estate market statistics, for March, demonstrate a fantastic start to the spring home selling season in our region.

Published by the Utah Association of REALTORS®, the figures bring great news to sellers.

Closed sales were up by 5.4% on March 2018 and average sales ...

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April 4, 2019

Big Mortgage Rate Falls Point To An Excellent Spring Homes Market

Big Mortgage Rate Falls Point To An  Excellent Spring Homes Market

With what can only be described as perfect timing, 30 year fixed mortgage interest rates took the biggest single week drop for a decade last week!

With the busy spring home selling season only just under way, this is music to the ears of buyers, who will now be highly ...

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March 22, 2019

Knowledge Is Power In Today's Iron County Real Estate Market

Knowledge Is Power In Today's  Iron County Real Estate Market

Is the market turning?

 

Is now the best time to sell?

Do I gamble with the equity in my home?

Or sell while the market's strong?

Today's changing real estate market poses many important questions, but do you even know the current value of your home?

Knowing ...

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March 7, 2019

Iron County Real Estate Trends Remain Encouraging

 Iron County Real Estate Trends Remain Encouraging

We've been taking a close look at the latest statistics released by the Utah Association of REALTORS® for our Iron County market.

In recent blogs we've been talking about a noticeable trend toward a buyer's market, however these latest figures provide a very mixed message in that ...

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Feb. 19, 2019

Successful Home Selling In The Transition To A Buyer's Market

Successful Home Selling In The Transition To A Buyer's Market


In our last blog, we looked at the strong evidence that suggests our Iron County Real Estate Market is transitioning to classic buyer's market conditions.

While the basic rules for selling your home never change, it is important to understand buyers' motivations in these new conditions.

Clearly price is ...

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