Garland UT Real Estate Market Report | May 2016

Garland Utah Real Estate Report | May 2016 Edition

 

Do you want to know what has happened in the Garland Utah Real Estate market for the month of May 2016, along with year over year comparisons? Here you will see a comprehensive overview of the market in Garland for May, as well as year over year results. While you are checking out the Garland Utah Real Estate Market report have a look at our Garland community page.

Garland UT Real Estate Market Report - January 2016

Garland UT Real Estate activity For May 2016 vs. May 2015

In May 2016 there were 6 homes that closed during the month for Garland UT real estate. This is 2 more than the 4 homes that closed in May 2015.

  • The average list price for the homes that closed for May 2015 was $156,625. 
  • The average list price for the homes that closed for May 2016 was $163,467.

  • The average sale price for the homes that closed for May 2015 was $145,500.
  • The average sale price for the homes that closed for May 2016 was $159,417.

  • The average sold to list price for the homes that closed for May 2015 was 93%.
  • The average sold to list price for the homes that closed for May 2016 was 98%.

  • The average market time (aka Days on Market) for the homes that closed in May 2015 was 64 days.
  • The average market time (aka Days on Market) for the homes that closed in May 2016 was 23 days.

  • The total amount of volume for the homes that closed in May 2015 was $582,000.
  • The total amount of volume for the homes that closed in May  2016 was $956,500.

Homes Under Contract for May 2016

There were a total of 4 homes in Garland UT that were under contract or sale pending through May 31, 2016. (of the 4 total homes, 3 homes went under contract during May 2016.) The average market time for these 4 homes was 104 days. That average list price for these homes under contract was $165,475.

Current Garland UT Homes for Sale Inventory Levels

As of the 3rd of June there are currently 15 homes on the market in Garland Utah. The average list price is $328,806. The lowest list price for a single-family home is $69,900, and the highest list prices for a single-family home is $1,650,000. Current average days on market is 68 days.

Final Year Real Estate Market Statistics 2012-2015 for Garland Utah

  • From January 2012 through December 2012 there were 28 homes sold.
  • From January 2013 through December 2013 there were 36 homes sold.
  • From January 2014 through December 2014 there were 40 homes sold.
  • From January 2015 through December 2015 there were 59 homes sold.

  • For the period of January to December 2012 the average list price was $148,014, the average sale price was $120,765, and the average market time was 168 days.

  • For the period of January to December 2013 the average list price was $148,266, the average sale price was $135,493, and the average market time was 117 days.

  • For the period of January to December 2014 the average list price was $145,194, the average sale price was $136,351, and the average market time was 94 days.

  • For the period of January to December 2015 the average list price was $156,647, the average sale price was $145,658, and the average market time was 68 days.

The above Garland Utah Real Estate statistics are for single family residential homes ONLY, and do not include condos, townhouses, or multi-family homes. The numbers were collected by Angela Duong, with Coldwell Banker Tugaw Realtors®, from the Wasatch Front Multiple Listing Service (WFRMLS).

Find Garland Homes For Sale

For a complete list of available real estate in Garland UT, visit Garland Real Estate & Homes for Sale. Make sure to subscribe to our blog so you don't miss out on market reports and real estate related blog posts. Contact us to find out what your Garland UT home is worth and to discuss your housing needs.

 

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The above article Garland UT Real Estate Market Report - May 2016  was provided by Angela Duong. Angela can be reached at aduong2281@gmail.com or by phone at 435-225-5200. With over 10+ years experience, if you are thinking of selling or buying, I would love to share my marketing knowledge and expertise.

 

Angela Duong

Hi there! I'm Angela Duong, a REALTOR® in Northern Utah with Coldwell Banker Tugaw Realtors. I am the owner of this website MADHomesUtah.com and I enjoy helping home buyers and home sellers through the process of buying and selling real estate. I have a passion for technology, marketing, helping people,  and creating informational content on this website. Please feel free to comment below, or share this article socially. 

 
 

1 Response to "Garland UT Real Estate Market Report | May 2016"

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