LisaUdy's Blog: All Categories

 That all depends on what you consider to be the bottom. What I mean is, has the price of homes sold reached a low, or is it the amount of homes that have sold reached a low.  Whatever your bottom is, it may have hit us in January in the Cache Valley real estate market. Let's break down the numbers and let you decide. 

Let's start out by looking at the price of homes sold and the price per square feet. 

Price per square feet January 2010 - $73 | January 2009 -  $83 | Janruay 2008 - $86 

The price per square foot in January 2010 was $73, and it hasn't been that low since the spring of 2006. 

Average Price Of Homes Sold January 2010 - $160,000 | January 2009 - $195,941 | January 2008 - $190,491 

The average home sold in Jan. 2010 was $160,000 with the…

If you're in the Logan Utah real estate market, are you trying to deicde what professional REALTOR(R) to work with? Do you already have an agent? What made you choose to work with them? Whether you are working with a REALTOR(R) or you are trying to decide who to work with in your real estate transaction, here are a few things to know about what we do.

Real estate agents have a fiduciary duty to work in your best interests. We are responsible for putting your best interests in front of our own, to aid you in the process of buying or selling real estate. But what does that mean?

"A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence." -…

If you are struggling in today's tough economy, one fact remains, you are not alone. There are many millions of families all over the country that are not only struggling to stay afloat, they are struggling to stay in their homes.  Many of these families have found alternatives when it comes to selling their homes, or going into foreclosure. These families are participating in the Short Sale process and are avoiding foreclosure.

What You Need To Know About The Cache Valley Short Sales Process

First off, a short sale is where a bank allows a borrower to sale their home for less then what is owed, and they forgive the remaining balance. Banks participate in short sales because of the costs it takes to foreclose on a home which can be more than $50,000.…

As of today Providence has 55 active homes on the market. 

42 Providence Utah homes have sold in the last 180 days. 

83 Homes In Providence have sold in the last year. 

With those numbers, we can tell there is 7.85 months worth of inventory on the market. If we compare that to the other markets in Cache Valley we can see how stable the Providence market is, and gauge where the market is heading. 

Logan Utah currently has 231 active homes on the market. 

210 Logan Utah homes have sold in the last 180 days. 

396 homes in Logan Utah have sold in the last year. 

Those numbers show a relatively similar comparison as the Providence real estate market. The Logan market has about 6.6 months of active inventory, which is a healthy market, but there is still…

I am very excited to announce that after 9 years in the real estate business I have opened up my own company and partnered up with Kristina Eborn Eck.  Together we have formed The Platinum Real Estate Group and we are very excited for the new year. The Platinum Real Estate Group is a full service real estate office servicing buyers and sellers in the Cache Valley area.

Together Kristina and I have more then 15 years of experience in the market and we are dedicated to providing Platinum service to our clients.

Meet The Group:

Lisa Udy:

Lisa Udy is the Principal Broker of The Platinum Real Estate Group with more then 9 years in the business and is a top producing agent in the Cache Valley area.  Lisa prides herself in providing exceptional service…

 Cache Valley Utah is known for it's well priced homes, with the yearly average of $81-$83 a square foot for homes sold over the last year. But there is a place in Cache Valley that is even more affordable then the average home in the more popular areas such as Logan. Hyrum Utah has had a stigma over the last century as an undesirable location to buy a home.  That stigma is no more, Hyrum Utah homes for sale have started to pick up in the last five years. 

If we look at the last 10 years of home sales in Hyrum Utah, we can see that the amount of sales has gone up dramatically. From 2000-2004 there were a total of 336 homes sold. From 2005-2009 there were a total of 493 homes sold in Hyrum, Utah.  Of course part of that increase is due to population…

How many times have you read the time to buy is now!! It's a great time to buy!! Get off the fence and go buy a home!! Real estate agents today are pushing you into purchasing a home, and I myself am guilty of wanting people to buy homes. Why wouldn't I? I am a Logan Utah real estate agent, and I can only feed my family if I can sell homes. But is it really a great time to buy a home? It all depends on a couple of crucial factors. 

1. Do you have a stable job and money saved up for a down payment? 

If you're not sure about your employment like so many other Americans out there, don't risk it. If you don't feel comfortable in the job you currently have, afraid of reduced hours, or you know your company may be laying people off. It's not the right time for…

 The Cache Valley Commercial Real Estate market is struggling, and right now is probably the best time to get into that commercial investment you have been thinking about.  Commercial properties are struggling here in Cache Valley, and if you are paying rent or leasing, it may be time to purchase the building.  

Do you have the funds to make the purchase? With interest rates the way they are, and the amount of commercial inventory on the market, if you have the means to purchase commercial, it's a good time to do it.  

Are you growing? If you see your business growing anytime in the near future, now is the time to buy that bigger property  so your business has the room to grow. The economy is struggling, but if you can grow your business today, imagine…