Tuesday, July 28, 2015

BOOM! Housing Market Signals Strongest Since 2007

The Weber County housing market continues to surprise us in its robustness.  To make the point, I put together some charts showing recent sales and price movements.

Our first chart shows us year-over-year sales growth per month.  As you can see, when compared to the same month last year, the past 12 months have seen solid sales growth with the exception of October.

This growth shows up in the volume chart:

Amazingly, June sale are the highest they have been since June 2007!  The trendline has also taken a stiff trajectory change upward after plateauing for the last two years.

Finally, prices have seen significant movement:

Recent median sales prices are the highest they have ever been in Weber County.  We now have exceeded our 2008 peak median housing price and then some.

So what does all this mean?  While I don't expect a housing wipeout, I do expect housing prices to moderate and perhaps stagnate sometime in the near future.  A jobs recession would cool the acceleration in price increases but timing on that is anyone's guess.

In the meantime, it is a perfect time to sell your home.  If you want to know what your home is worth, CONTACT ME, and let's review the fair market price of your property.      

Wednesday, July 8, 2015

PHOTO GALLERY: Crazy Scenes From the Housing Market

Shopping with buyers in the housing market can be full of surprises.  Here are some photos from some recent experiences viewing property.

Not all bathroom sinks are created equal.

I wish textured roofs were an 'in' thing.  Unfortunately, they aren't.  

I imagine an accident happening where the person doing the dishes gets knocked out by the person opening the freezer to get ice cream.  

Look! It's a storage bathroom.  

No living room is complete without an attractive BBQ grill as a center piece.

Who knew that grease can put a nice patina on your wall?

The crime scene mattress is always a fun treat when viewing homes. 

This house comes with a dishwasher.  It even has the new blue film on the front so we know it can't be that old.  This house is going at the top of the list.

This is why we always tell the kids to wash their hands.

Can you spot the property line?

You know you waited 130 years too long to remove that junk tree growing along your fence line when...

When listing a rental home, please instruct the tenants to lock up their grow farm in the basement.

Look for more crazy photos in the future.  In the meantime, happy house hunting!