Market Data

Feb. 29, 2024

Great Reasons to List Your Home Right Now

Great Reasons to List Your Home Right Now

If you've been on the fence about when to list your home, there are some compelling reasons to do so right now.

  • As we head into March, it's still relatively early in the real estate year and there are some real opportunities for sellers.
  • Inventory of available homes ...
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Jan. 19, 2024

Looking Forward to This Year's Housing Market with Optimism

Looking Forward to This Year's Housing Market with Optimism

 

Numbers and statistics paint a picture. Sometimes they show a reality we neither like or expect, but they don't lie.

The graphs here, provided by InWest Title, show similar fluctuations and trends.

We started 2023 with mortgage interest rates at around 6%. In the first quarter they dropped ...

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Oct. 19, 2023

Where Are Today's Home Values?

Where Are Today's Home Values?

Where Are Today's Home Values?

As we have shared with you over the past year or so, we saw an unprecedented spike in property values between late 2020 and mid-2022.

So where are we at right now?

The above median sales price graphs, for Iron County and Washington County, give us some important clues.

On ...

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Aug. 30, 2023

Where Do Potential Home Buyers Come From? You Might Be Surprised!

Where Do Potential Home Buyers Come From? You Might Be Surprised!

The above map is generated monthly by our website provider.

It shows the number of impressions, or views, on our website for July and, as you can see, although the majority of our site visitors are, naturally enough, based the Utah/Nevada/Southern California corridor, we do, in fact, attract ...

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July 18, 2023

Market Synopsis

Market Synopsis

 

Right now our Iron County real estate market could best be described as flat.

Homes are selling quite well, certainly, but market conditions are such that we don't expect to see much of an increase in activity for the rest of this year.

A significant drop in mortgage ...

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June 12, 2023

Key Current Trends in the Iron County Real Estate Market

Key Current Trends in the Iron County Real Estate Market

The main highlight of our local real estate market right now is that it is somewhat flat overall.

As the above Absorption Rate chart shows, there has been quite a recent jump in the amount of homes on the market.

Of course some of this is seasonal, given that more ...

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April 3, 2023

Iron County Real Estate Market - First Quarter Review

Iron County Real Estate Market - First Quarter Review

The first quarter of 2023 has seen a modest but encouraging reversal of recent negative trends in Iron County.

The above graph demonstrates that the number of sales have begun to climb again, following the downward trend over the past year. This is partially explained by the recent lower mortgage ...

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Feb. 16, 2023

Great News: Mortgage Rates are Falling and Homes are Selling!

Great News: Mortgage Rates are Falling and Homes are Selling!

We're delighted to be able to bring you some really good news about our Iron County real estate market.

Mortgage rates have recently dropped to the low 6% range!

Today's typical rate for a 30 year fixed rate conventional loan is hovering around 6.25%!

This is what ...

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Jan. 27, 2023

2023 - Experience Matters, ONLY When it's Most Needed

2023 - Experience Matters, ONLY When it's Most Needed

Iron County real estate has started 2023 in much the same shape as at the end of last year with a more challenging market than the one we have been used to for the past few years.

Crucially, however, the market has corrected rather than collapsed and there's no ...

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Dec. 9, 2022

What Has 2022 Taught Us About Iron County Real Estate?

What Has 2022 Taught Us About Iron County Real Estate?

After many years of unparalleled boom in our local real estate market, in 2022 we witnessed what can only be defined as a long overdue market correction.

With average sold prices having risen by almost 40% in just two years, something had to eventually give and the long-anticipated mortgage rate ...

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