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January 8, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Farmington, Utah

Reported by Vickie Maughan, E-PRO - GRI

Updated December 26, 2008.

Current Market Rating: 3




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Buyer's

Seller's

Current Price Trend: 3




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Falling

Rising

Mortgage Interest rates have seen a dramatic decline in the past month. This has sparked interest from home buyers, who now are able to qualify for loans below 5%. The market is still slower than in the past, but we have seen an increase, with buyers wanting to lock in loans at these outstanding rates. The average price sold in the last month was around $299,000 with an average days on the market still around 75. The number of homes on the market is less than other areas, mostly due to the fact that there is not a lot of building happening in this area which limits the market. One thing to remember is that our market in Utah is stable compared to many States and interest rates are still very low, making buyers want to invest now rather than to wait. The number of people moving to Utah is increasing and and jobs across Utah have increased with all the new industry making their headquarters here. Corporate American knows a good deal when they see one. Unemployment is considerably lower in Utah than the rest of the Nation and wages are good. It is still a great market for buying homes. Utah is considered to be one of the top 10 places to live and still considered to be under valued compared to other areas in our Country. Call me for additional information on any areas through-out Utah. I would love to help you find the perfect place to live in our beautiful State. I can be reached at (801) 391-1033 or by e-mail. vjmaughan@comcast.net.

See my Newsletter for more information:
http://realtytimes.com/115/VickieMaughan

ZIP Code: 84025

Approximate Location Boundaries: Located between Ogden and Salt Lake City

Location Characteristics: Farmington is located in Davis County and it's proximity to Salt Lake and Ogden, make it a desirable location for buyers. With Farmington being noted as the "best place to live in Utah", many people find it the ideal place to be. It is a golfers dream with Davis County Golf Course "public" or Oak hills Country Club," private" both rated as excellent courses. Farmington Canyon is great for hiking, biking, hunting, camping and more. With hiking trails, Davis County Fairgrounds and Lagoon Amusement Park, which attracts thousands of people every summer, recreation for the family is outstanding. Farmington is a community which has charming homes and cottages with tree lined streets against the beautiful Wasatch Mountains. New construction is happening west of the freeway and if you love the country, you can even find areas with wide open space.
Contact Information:
Lagoon Amusement Park: (801)451-8000
Great Salt Lake Bird Festival: (801)451-3286
Farmington City: (801)451-2383


For More Information:

View Market Conditions of other areas served by Vickie Maughan

Navigate: Top > Utah > Farmington

About Vickie Maughan:
Specializing in Corporate / Military Relocation, Residential Home Sales, Investment and Commerical Properties.
Your Real Estate experience begins by putting your trust and confidence in one person. "Your Real-Estate Agent," Whether buying or selling, my job begins with your first call and never ends. My career for the past 25 years, plus ongoing training to expand my knowledge in industry, has given me the necessary expertise and knowledge for your handling all of your relocation needs with the upmost care and integrity. "Customer Service" means providing a worry free transaction and peace of mind for my clients. I believe in building relationships that last far beyond buying or selling your home. My promise to you is Rock Solid Service and Committment. Your referrals are my future.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 5.10%
15 Year Fixed: 4.83%
1 Year Adj: 4.85%
(U.S. Weekly Averages)

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