You hear everyday how bad the Real Estate Market is, so I decided that I wanted to see for myself and then share my results with my readers. I went to the (WFRMLS) Wasatch Front Regional Multiple Listing Service’s web-site and then the fun began. My biggest decision was how far back and what areas do I want to look at, the areas I chose were a no brainer since I do the majority of my work in Payson, Utah and little bits here and there around Utah County. Now as I mentioned earlier I got my info from the (WFRMLS) and these numbers do not reflect the homes sold (For Sale By Owner). Well now to the questio of how far back do I go, I have been in Real Estate for going on 6 years now plus the (WFRMLS) only goes back so far so I went back to 2005 up to present. These numbers include Single Family, Condos and Town Homes. So now that I have laid out the ground rules, lets get down to the TRUE HONEST TO GOODNESS FACTS.
In Utah County in 2005 there were 6,793 homes sold and out of those 6,793 there were 393 homes sold in Payson, Utah.
In Utah County in 2006 there were 7,513 homes sold and out of those 7,513 there were 399 homes sold in Payson, Utah.
In Utah County in 2007 there were 5,933 homes sold and out of those 5,933 there were 292 homes sold in Payson, Utah. (GOING DOWN).
In Utah County in 2008 there were 4,568 homes sold and out of those 4,568 there were 189 homes sold in Payson, Utah. (AT THE BOTTOM).
Alright are you ready for these numbers? HOLD ON TO YOUR SEATS!!!!
In Utah County from January 1, 2009 up to October 29, 2009 there has been 4,194 homes sold and there are currently 1,070 homes under contract and we still have 2 more months to go. I am projecting that by the end of 2009 there will have been approximately 5,600 homes sold in Utah County for 2009. (WE ARE MOVING ON UP).
Now out of those 4,194 homes sold in Utah County 131 were sold in Payson, Utah from January 1, 2009 up to October 29, 2009. There are currently 39 homes under contract in Payson, Utah and again we still have 2 more months to go. I am projecting that by the end of 2009 there will have been approximately 200 homes sold in Payson, Utah. (YEEE HAAA I THINK I CAN SEE THE END OF THE RAINBOW) or just winter coming on!!!!
Again remember that none of these numbers reflect the homes that were sold by (For Sale By Owner) and I am not a betting man so please don’t hold me to my projections. Now that you have seen these numbers with your own eyes, you decide what you think the Real Estate Market is doing in Utah County and Payson, Utah. HAVE A GREAT DAY!!