Utah Real Estate Survival Guide

Helping You Navigate Our Local Real Estate Market

Archive for the category “Layton”

Get a Realtor “Free Market Valuation” Before Investing $450 in a Refinance Appraisal

I am in the process of refinancing my personal home, so, being the consummate Realtor® that I am, I prudently prepared a market valuation for myself. I have to admit, I was scared. Yes, very scared. Intuitively I knew what the value should be (since I help my clients buy and sell homes in the same area every day), but I bought in May 2007, at the peak of the peak. I also knew that my neighborhood had suffered a recessionary decline in home values, along with everyone else.

So, you can imagine the weight that was lifted when my CMA (comparative market analysis) produced the results shown in the graph below. The appraisal came in at exactly the same value as my market valuation. And I’m able to proceed with my refinance.

If you’re considering refinancing, contact your Realtor® and ask him/her to prepare a “CMA” for you. It’s what we do, for free, for our past – present – future clients. And if you don’t have a Realtor® you rely on for Utah real estate market information, I’d be honored to help you. Click Here for your free market valuation.

Thanks for reading – hope you’ll share

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Layton Real Estate Sales Snapshot 2009 vs 2010

October 2010 vs 2009: total number of homes sold in Layton down 32%, but price per square foot only down 7.5% … somewhat of a silver lining in the continuing storm cloud. November’s numbers are trending downward, however.
SalesPerMonth Report Explanation
This report shows sold property data for the search criteria in each month for the selected years back.
This is a description for each column header
Month – month for data
Count – numbers of homes sold for the month
Volume – total of sales prices
Med/avg OL – Original List Price – Original price based on CDOM
Med/avg Sold Price – Sale price (not adjusted for concessions)
Ratio of Med/avg SP to Original Price – Ratio as percent
Median/Avg Sq footage – total square footage
Median/Avg Price/sq. foot – Sale price per sq. footage
Median/Avg Beds – calculated using total beds
Median/Avg Baths – calculated using total baths
Median/Avg CDOM – Cumulative Days on Market

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