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Roy, UT Real Estate News

By Mark Watterson, Utah Real Estate
            Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc. and a Utah license Loan Officer with Springwater Capital, LLC Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties.  View comprehensive property resource information at www.markwatterson.com   It's Not About the Money -It's about life long relationships that are based on Customer Service Excellence.The "Voice of the Customer" is where it all begins. Customer Service Excellence is not just words. It's our CULTURE.My customers refer their family and friends because of the exceptional attention to detail, customer focus and the value added services they receive. An unmatched passion and love...
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By Alan Barker
(Boomerang Leads)
Roy experienced the smallest decline in number of homes sold.  That being said, the number of Roy homes sold still decreased 24%.  There is a healthy 7.42 months of inventory and 245 active homes in Roy listed.  Median sold price saw a small decrease of 1.39% and average sold price saw a decrease of 4.8%.  
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION                    Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.     We are seeing the risk indictor move from High to Medium range.  This still is NOT a good time for those with low and/or no risk tolerance to purchase.  A strong case can be made that those who are looking for a home for their family with plans to stay long term.  Why not buy now?  Especially if the numbers make sense, i.e. Owning vs. Renting.  Even, if the market retracts more (which is extremely likely) in...
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By Jim McEwen
(Keller Williams Success Realty)
Roy has a lot to offer:  variety, convenience, and reasonable housing prices. The home prices have been averaging $180,537 for the last 30 days making it affordable for many first time buyers.  The result is that homes in Roy have been moving.  They have been selling in less time than the County average.  In the Roy area there have been 28 homes sold in the last 30 days. They have ranged in price from $5,900 to $579,000 with an average of 92 days to get sold. Homes under $150,000 are moving at a rate of 74 days on the market compared to homes over $150,000 that are taking an average of 63 days to sell. Normally the lower priced homes sell quicker.  Are we seeing a change in the market?  The next few months will tell.  At the time of this report there were 250 homes for sale in Roy.  The...
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By Alan Barker
(Boomerang Leads)
Number of homes sold in Roy went down 16.32%, which is about 10% less than average in Weber County. Median price went down 2.34% from $166,800 to $162,900.  Average price went down 3.55% from $168,244 to $162,278. Median prices for Roy homes are 4% higher than what they sold for last year so it is possible that sellers will have to lower their price by at least a few percent in order to sell. There are 5.12 months of inventory and 254 homes listed. These numbers are not official.
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.  On a year over year, YTD comparison currently (14.17) % of new listings are being sold.         SUMMARY  Currently we are not seeing the needed positive price action (along with other indictors) to confirm a market bottom.  This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing. For more details or just to chat about market conditions please feel ...
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By Jim McEwen
(Keller Williams Success Realty)
Roy has a lot to offer:  variety, convenience, and reasonable housing prices. The home prices have been averaging $164,334 for the last 30 days making it affordable for many first time buyers.  The result is that homes in Roy have been moving fast.  They have been selling in far less time than the state average of 83 days.  In the Roy area there have been 34 homes sold in the last 30 days. They have ranged in price from $45,000 to $301,000 with an average of 57 days to get sold. Homes under $150,000 are moving at a faster rate of only 49 days on the market compared to homes over $150,000 that are taking an average of 61 days to sell. At the time of this report there were 289 homes for sale in Roy.  There is 8.5 months worth of inventory available in Roy making is a slight buyers market....
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By Alan Barker
(Boomerang Leads)
Real estate in Roy Utah is actually moving along quite well. Homes are selling, and there isn't a huge surplus of real estate. In the first half of the year 309 residential homes sold in Roy. The median price of these homes was $164,400. Currently there are 253 active MLS listings. These Roy homes for sale have a median list price at almost $180,000. The low price of homes in Roy has helped its market to keep moving. People will always need housing, in today's economic times there just isn't as much demand for really big expensive homes.  
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By Gerald Richards
(Team One - The Franklin Group)
There are as of 10 May 2008, 239 active homes on the market with another 88 homes under contract for a total of 207.  By calculating what percentage of that total the 88 homes under contract are you know if Roy is a buyers or a sellers market.   88 divided by 327 = 27%.   If the % is under 25 percent then it is a buyers market.  If it's over 25% then it's a sellers market.   So Roy, UT is currently experiencing a seller's market.   To find out more about market conditions in Utah just give me a call at 801-540-3825
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By Salt Lake City Real Estate
(Jen and Hannah)
5072 S 4000 WRoy,, UT  84067 US Community of Roy, UTPrice: $214,900   Adorable house with vaulted ceilings, 2-tone paint, wood floors, new light fixtures. Great trex deck, perfect for entertaining. Large corner lot with full vinyl fencing and RV pad. Lots of windows that provide abundant natural light. Listing Type: Sale Property Type: Trilevel Architecture Type: TriLevel Interior Size: 2028 sq. ft. Lot Size: .23 acre(s) Bedrooms: 3 room(s) Bathrooms: 2 room(s) Garage Size (# of cars): 2 Property Tax: $1,080 For more information about this listing, please visit Utah Real Estate.   
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By Jim Beitz
(Keller Williams Success Realty)
There are currently 98 homes on the market in Roy. The asking prices range from $86,000.00 to $375,000.00. The asking price per square foot ranges from $53.85 to $140.00, with an average asking price of $92.66/square foot. (based on total square footage as reported in the multiple listing service). During the last 48 days, 96 homes sold in the area with sales prices ranging from $85,000.00 to $330,000.00. The average sales price was $166,441.46 and the average days on market was 69.
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