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Santaquin Utah Market Conditions

Updates on the Santaquin Utah Real Estate Market

The number of homes for sale in Santaquin Utah typically fluctuates between 75-150 available homes. The Santaquin Utah market conditions change on a regular basis throughout the year. Santaquin homes tend to be harder to sell when the Santaquin market is down compared to other cities like Payson and Salem.

The Santaquin Utah real estate market was slow between 2007-2011. The market was full of Santaquin Utah short sales and Santaquin Utah bank foreclosures. In fact, during these years about 50% of the homes were distressed properties. However, at the begining of 2012 the Santaquin Utah Real Estate Market started moving again and prices started increasing thru 2013 and 2014. The market was really hot in 2015 and is really moving in 2016.

Paul Teasdale the principal broker of Team Teasdale Realty makes regular youtube videos about the current Utah County Market Conditions. This video is very relevant to the Santaquin Utah Market Conditions. I encourage you to watch it and familiarize yourself with the current direction of the Santaquin market. If you have specific questions about the real estate market feel free to contact Paul Teasdale directly. Contact Paul Teasdale

Santaquin UT Market Trends

The Santaquin UT market trends contributes to the determination of fair market value. For example, if pricing a Santaquin property for sale, the laws of supply and demand apply. In a seller’s market, the supply of real estate property is lower than the demand of qualified buyers. Therefore, the fair market value in a seller’s market would be higher. In a buyer’s market, the supply of real estate property is greater than the demand of qualified buyers. In that case, the fair market value would be lower. If is good to be familiar with the Santaquin Utah Market Condidions.

It is important to understand if the Santaquin Utah real estate market is a buyer's market or a seller's market. If you are a buyer or a seller in Santaquin you need to know the current market trends. Feel free to conact Paul or one of his Santaquin Utah Realtors for an update of the current Santaquin UT market trends.

santaquin utah market conditions

When to Buy a Home in Santaquin Utah 

Ideally, you should buy a home in the off real estate season. The Santaquin Utah Real Estate market is in it's prime from March to November. After Thanksgiving sales slow down until March. Buyer's are busy doing other things during December and they are just not in the mood to shop in January. The phones at Team Teasdale Realty start going nuts in March. A little warmer weather and everyone wants to buy a Santaquin home at the same time. It is important to understand their are still buyers in the Santaquin Utah Real Estate Market only about have as many as the other months.

Finding the perfect market conditions to buy a home is a little harder and riskier. You could decide to wait to buy a home because prices went up, but then prices go up further and you can no longer afford a home in the area you want. As long as you plan on living in your home for 10-plus years, buy a home when you want to and where you want to, as long as you stick to your affordable payment range. If you would like more information on Santaquin Utah Market Conditions.


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