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2020-01-08 18:39:39
2020 Average selling price of homes in Cache Valley

 AVERAGE SOLD PRICE FOR HOMES IN CACHE VALLEY 1997 to 2019

 As we start 2020 here is a look at what home prices have done the past 22 years. 

The graph below shows the average home price in Cache Valley at the end of each year from 1997 to 2019. As you can see, the average home price in Cache Valley has been on the rise the past 20+ years. In 1997, the average sold price of a home in Cache Valley was about $107,000. The sold prices of homes increased steadily. Values did peak the end of 2007 when the average selling price of Cache Valley homes was $187,000. Then it slipped to about the same levels as what homes in 2005 where selling for. Home prices stayed low for a few years, but began to rebound in 2012. At the, end 2011 the average selling price of a Cache Valley home was $160,000. There has been a trending increase in average home price in Cache Valley for the last 9 years. The end of 2019 showed the average selling price of a Cache Valley home to be $274,000. On average from 1997 to the end of 2019 homes have appreciated at a rate of 4.36%.  

I don't see any reason that this trend won't continues in 2020 and beyond. Cache Valley real estate will continue to get more expensive, and rates are still so low, so now is probably the best time to buy. 

Cache Valley Real Estate is on the rise, with no sign of slowing down. Now might be the best time to buy a home as the price of homes in Cache Valley looks like it will continue to rise over the coming years.

Average price of homes in Cache Valley 1997 to 2019

This is the Average price of homes sold. Every house is different. If you would like to know how much your home would sell for please give me a call or email. I would be happy to do a free, no obligation market valuation for you. 

Thank you.

Johnnie Rosser
RE/MAX EXCEL
435-760-0639
 
You can see the average prices of Real Estate in individual towns in Cache Valley here.


If you are searching for a home to purchase, you can search all the homes for sale in Cache Valley and all of Utah on UThomelist.com



 
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2020-01-08 18:39:39
2020 Average selling price of homes in Cache Valley

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