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Syracuse, UT Real Estate News

By Alan Barker
(Boomerang Leads)
In seven years, Syracuse homes sold more than quadrupled.  In the three years following, that number was almost cut in half.  Prices for Syracuse Real Estate has been higher than the estimated appreciation shows, but is still very reasonable for current conditions.
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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 listingsand higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperienc...
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By Kim Novak, Broker/Owner
(Novak Advantage Real Estate)
* Only 15% of the current single family home MLS listings are under contract * 8% of those listings under contract are "short sales" * At least 22% of the listings under contract are vacant * The median price of the listings under contract is $225,300 * The median price of active listings is $272,450 * There is an 20.9% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home Source: Wasatch Front Regional Multiple Listing Service
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By Jim McEwen
(Keller Williams Success Realty)
In Syracuse, Utah there have been 27 homes sold in the last 30 days. They have ranged in price from $136,500 to $316,000 with an average of 86 days to get sold.  Homes under $250,000 are spending 68 days on the market compared to homes over $250,000 that are taking an average of 116 days to sell. At the time of this report there are 208 homes for sale in Syracuse and we have a 7.7 month of supply on the market.  A 6 month supply is considered balanced, any more than that is a buyer's market.    For more information visit my web site at www.jimmcewen.com or give me a call at  801-686-5550.   If you are looking for a home try our free web site http://www.FindYourUtahHome.com  
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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.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien...
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By Kate Schwarz
(Hotjoy)
Lovely home located off backside of golf course community backs to a city park with bike trails running miles to neighboring cities and nature parks. Very spacious and full of extras. Jetted tub with double vanity. Upgraded flooring throughout living areas. Finished basement. Full automatic sprinkler system and underground fence system for your furry family members. Great quiet neighborhood with easy access to any amenities which you may need or desire. 10-12 minutes from Hill AFB! Property taxes are the lowest in the area at $1100 per year. To directly access this property, use this shortcut: http://www.fizber.com/utah-buy-single-family-home-11646087.html
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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.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien...
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By Jim McEwen
(Keller Williams Success Realty)
In Syracuse Utah there have been 25 homes sold in the last 30 days. They have ranged in price from $115,000 to $600,000 with an average of 101 days to get sold. Homes under $250,000 are spending 123 days on the market compared to homes over $250,000 that are taking an average of 83 days to sell. At the time of this report there are 216 homes for sale in Syracuse. At this time we have 8.64 months of supply on the market.  A 6 month supply is considered balanced, any more than that is a buyer's market.  Syracuse is the exception in Davis County.  It's the only city In Davis County that homes over $250,000 sell faster than those in the less than $250,000 group.
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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 (1.45) % 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 f...
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By Jim McEwen
(Keller Williams Success Realty)
In Syracuse Utah there have been 25 homes sold in the last 30 days. They have ranged in price from $114,000 to $572,384 with an average of 105 days to get sold. Homes under $250,000 are spending 128 days on the market compared to homes over $250,000 that are taking an average of 81 days to sell. At the time of this report there are 272 homes for sale in Syracuse. At this time we have 10.88 months of supply on the market.  A 6 month supply is considered balanced, any more than that is a buyer's market.  The market is very price sensitive.  If you need to sell your home you must price it right from the start, any other pricing strategy is not likely to yield the results you are looking for. For more information login to my website at http://www.jimmcewen.com
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By Gerald Richards
(Team One - The Franklin Group)
There are as of 1 October 2008, 283 active homes on the market with another 39 homes under contract for a total of 322.  By calculating what percentage of the total the 39 homes under contract are you know if Syracuse is a buyers or a sellers market.  39 divided by 322 = 12%.  If the % is under 25 percent then it is a buyers market.  If it's over 25% then it's a sellers market.  So Syracuse, UT is currently experiencing a buyer'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 Gerald Richards
(Team One - The Franklin Group)
There are as of 8 May 2008, 296 active single family homes on the market with another 59 homes under contract for a total of 355.  By calculating what percentage of that total the 59 homes under contract are you know if Syracuse is a buyers or a sellers market.   59 divided by 355 = 1%.   If the % is under 25 percent then it is a buyers market.  If it's over 25% then it's a sellers market.   So Syracuse, UT is currently experiencing a buyer'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 Julie Neerings~Lifting Hearts ♥ Building Dreams~
(Agent Referral)
Syracuse~Davis County Utah: February 2008 Real Estate Market ReportWelcome to the Heart of Utah Real Estate monthly real estate market report for Syracuse, Utah located in Davis County. As with previous market reports, this report will be broken down into two different sections, one for Single Family Residence's and the second for Condos. Please keep in mind that the real estate market report I have provided is a compilation of a large price range for the entire city of Syracuse and should not be confused as being the price in which your home will currently sell for. Also please take note: “SOLD” indicates all the properties that sold during the month of February 2008. “Under Contract” are the properties that have gone through negotiations and are currently awaiting their closing date a...
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By Julie Neerings~Lifting Hearts ♥ Building Dreams~
(Agent Referral)
Syracuse~Davis County Utah: February 2008 Real Estate Market ReportWelcome to the Heart of Utah Real Estate monthly real estate market report for Syracuse, Utah located in Davis County. As with previous market reports, this report will be broken down into two different sections, one for Single Family Residence's and the second for Condos. Please keep in mind that the real estate market report I have provided is a compilation of a large price range for the entire city of Syracuse and should not be confused as being the price in which your home will currently sell for. Also please take note: “SOLD” indicates all the properties that sold during the month of February 2008. “Under Contract” are the properties that have gone through negotiations and are currently awaiting their closing date a...
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By Jennifer Sokol
(Keller Williams Realty)
This Saturday, Sept. 8, there will be a star party held on Antelope Island, in Syracuse. The Ogden Astronomical Society and Weber State University will be there.Participants will enjoy views of stars and conversation with local astronomers. Those interested should meet at White Rock Bay at 8 p.m. If you bring a flashlight, please make it one with a red-colored lens. For more information call 721-9569.On Sept. 15, the park will hold Living History Day. Learn about and celebrate Antelope Island's Living History at one of Utah's earliest ranches, Historic Fielding Garr Ranch.Learn to make pioneer handkerchief dolls, quilt and learn pioneer games. Activities are available all day. For more information call 649-5742. On Sept. 22, the park will be holding a lecture called "Where the buffalo r...
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By Jim Beitz
(Keller Williams Success Realty)
There are currently 124 homes on the market in Syracuse.  The asking prices range from $168,900.00 to $889,500.00. The asking price per square foot ranges from $67.86 to $154.49, with an average asking price of $98.20/square foot. (based on total square footage as reported in the multiple listing service).  During the last 60 days, 73 homes sold in the area with sales prices ranging from $163,469.00 to $505,000.00.  The average sales price was $256,441.21 and the average days on market was 82.
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By Natalie Larsen, Associate Broker, ABR, GRI, ePRO
(Market Edge Real Estate)
The Syracuse city council has approved site plan for a theatre complex being developed by Hawes Brubaker Neider.  The theatre will be located near 2200 W, Antelope Drive, West of Wal-Mart.  Additional businesses planning to open in the area, include Wingers, Baskin-Robins, and a tanning salon.  Construction for the theatre could begin as early as April 2007.
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