Search Engine

Well, We just moved to a new Advanced Search engine on TeamTeasdale.com its AWESOME. We are really excited to try it out and it should help our clients find more smoking deals like the home I just SOLD in Spanish Fork.


Advanced Search, This is just your Basic Full Search.
http://paw.TeamTeasdale.com/fine/real/estate/newsearch

Map Based Search, This Search Allows you to see what homes are available based on a map.
http://paw.TeamTeasdale.com/fine/real/estate/mapsearch

New Listings Search, This search will show you NEW inventory based on at least 2 weeks back.
http://paw.TeamTeasdale.com/fine/real/estate/newsnew

Price Changes, Will allow you to see price changes in an area and see by how much!
http://paw.TeamTeasdale.com/fine/real/estate/newsprice

Featured Listings, The best search of all, these are my listings so they all have a full Virtual Tour and extra Photos.
http://paw.TeamTeasdale.com/fine/real/estate/myhomes/custom

Sold

We Closed 12/16 on that house in Spanish Fork, I hope they can get all moved in just in time for Christmas!

Update on my Spanish Fork Foreclosure

Well, we are under-contact finally. We are going to close as fast as possible to get them in by Christmas. I don't usually blog about my buyers, but this just seemed like such a smoking deal I wanted to share it. I think we should be able to close December 9th. That is a fast closing.

What a Deal.

Wow, I found a smoking deal for my clients today. We put in our offer and now we are waiting for an answer. I really hope this goes through. 2600sq.ft in Spanish Fork built in 2003 for only $175,000 I am hoping that I get an answer tomorrow!

Contact Me Today!

1 Year with brokers license

So today, I was looking for a vocabulary sheet for a new agent and I noticed that 1 year ago this week I did my brokers license. I thought that was pretty cool. I have enjoyed being a broker and the additional knowledge it has given me. 

2009 Tax credit

Here is an more detailed update on the 2009 tax credit for $8000 and $6500 tax break. 

http://www.teamteasdale.com/2009taxbreaks.aspx 

Market re-cap

Its been too long since I posted on here. I want to write a quick note about the market and how its been going.

July and August is usually our biggest sales months of the years. However this year, September has been our biggest month so far. Listings that have been on the market for over six months we were able to put under contract.  As we entered October, buyers were worried they would miss out on the New home buyer tax credit of $8000. This started a run on the homes under $250,000.

Now a new Tax credit passed by the government. The $8000 tax credit still exists with income amounts raised to $125,000 for an individual and $250,000 for married couple. It also added, a new tax break which will be amazing, its going to be $6500 for existing home owners that have lived in their previous home for at least 5 Years. I believe buyers were using the $8000 credit as down payment so now existing owners should be able to use the $6500 in the same way.

Prices are beginning to stabilize and have the ability to stay strong throughout the winter. According to the division of real estate as of September there are less homes on the market. This is great news because it helps prices stay strong. 

Positive news from KSL

Existing home sales rise along parts of Wasatch Front, dip in others
August 25th, 2009 @ 3:40pm

SALT LAKE CITY -- Sales of existing homes in a five-county area along the Wasatch Front increased 4 percent last month compared to July 2008, according to a new report from the Utah Association of Realtors. 

However, the report shows the median home price was down 6 percent compared to July of last year. 

The report includes Salt Lake, Utah, Davis, Weber and Tooele Counties. Utah County saw the largest increase while Tooele County had the largest decrease. 

Existing home sales 
Salt Lake County up 4.19 % 
Utah County up 21.72 % 
Davis County 0% increase/decrease 
Weber County down 13.35 % 
Tooele County down 15.07% 

It's the second month in a row the number of home sales for that area has increased. 

The numbers mirrored figures released by the National Association of Realtors last week that said U.S. home sales were up 5 percent in July compared to July 2008.

Positive Stats from UCAOR

Comments from the UCAOR.com

With continued national reports of a strong economy and our community as a prefered place to locate a business, continued strong demand, and federal and state incentives, sales rose 42 percent. I have to go all the way back to Aug of 2007 to find a month as strong as June. I am confident that UCAR members will receive this news as nothing as a welcome sign of what we have know all along, that Utah County is a great place and now is a great time to buy.

New Freeway to Eagle Mtn!

For the past 10 years there was always a constant rumor about a freeway out to Eagle Mountain. In the past few years those rumors were even talks of fancy floating bridges across the lake, all sorts of wacky ideas were swirling about! Well, last night I was reading the news and lo and behold I came across an article about construction having to stop while they waiting for a hawk that was nesting. Well that led me to here and I was like WHAT!!! the rumors are true! They are building a new freeway. So it looks like a Bangerter Hwy type road 7 lanes into Saratoga Springs. It appears to come out to Redwood Rd, just south of Pony Express Pky. That will cut the commute of hundreds of people heading in and out of that area by a significant amount. No more driving 10 miles an hour through Lehi main street. According to Udot's website the expressway will be partially finished in fall 2009 and connected to the freeway in 2010. I am excited for everyone out in that area because I believe that will help property values. My buyers biggest complaint is that the only way out there is to drive through Lehi Main and it gets so congested.

Dave Teasdale.
Team Teasdale Realty
www.TeamTeasdale.com

I posted this on my site but I also wanted to post it here in case anyone missed it.
http://www.teamteasdale.com/Utah_News.aspx
Utah Economic News From May 5th 2009

I was reading the UCAOR news and I ran across this information and I really wanted to share it.

"Let us have an appropriate perspective, particularly here in Utah."- Gary Herbert - Lieutenant Governor, State of Utah

The following highlights some of the good things about Utah and Utah County:

Home Foreclosures
Utah's foreclosure rate (1.4%) is less than half the national rate (2.9%). Utah homeownership rate is 4th highest in the nation. Four states (CA, FL, AZ, NV) account for approximately half of all foreclosures. During the Great Depression foreclosure rates neared 50%

Bank Failures
According to the FDIC, there have been a total of 28 bank failures in 2007 and 2008. In recession-free 1988-89, there were 1,004 failures. Since the Great Depression, the average number of bank failures per year has been 94.

Mortgage interest rates
Currently at 5% for 30 year fixed rate mortgages. Business mortgages have doubled because of low interest rates.

Housing
Bargains are bringing buyers back to the market. The number of existing homes sold in February rose 13% from the previous month. In the West homes sales surged 13.6%.

GOED
The Governor’s Office of Economic Development has more than 120 companies in active discussions with the state about moving or expanding in Utah.

Utah Exports
International exports from Utah during the first three quarters of 2008 was $8.1 billion. Over 50% higher than the value during the same period last year. This rate of growth ranks 4th among all states.

Unemployment
4.3% Utah (U.S. 7.2%) –Dec. 2008. During the Great Depression unemployment was 25%

More Great News
1. Utah unjoys a AAA Bonding Rating. This rating saves taxpayers money on interest costs.
2. Utah Best Managed State—Pew Research Institute
3. Provo ranked #1 as Money Magazine Best Small Cities in 2008
4. Year-over job change in Utah was –1.9% in December 2008
5. Energy and Natural Resources had 7.2% positive growth in December and has potential for continued growth.
6. Population in Utah continues to grow. Utah's population was an estimated 2,757,779 on July 1, 2008 - up 58,225 or 2.2% from July 1, 2007. Net in-migration in 2008 was 16,648, or about 29% of total population growth.
7. Mineral Lease Money has increased by 109% since 2005
8. Tourism at Zions National Park hit 2.7 million in 2008, setting a new record for Zions.
by Taylor Oldroyd Ucaor President

I read this article on KSL, pretty interesting that Utah County didn't decline like SL County.

Home sales decline in 1st quarter
April 29th, 2009 @ 9:30am

By Mary Richards

SALT LAKE CITY - The number of home sales in Utah is still falling, but some people believe home prices are close to bottoming out in the state.

A report by the Salt Lake Board of Realtors shows the number of homes that sold in the first quarter of this year declined sharply compared to the same time period last year. Sales are down at least 24 percent in Salt Lake, Davis, Weber and Tooele counties.

The Deseret News reports sales in Utah County dropped the least during the period at 4.5 percent.

Median home prices fell by around 1 percent during the first quarter, but they are off 6 percent from the high of two years ago.

One economist believes home prices could fall another 10 percent; others say Utah is close to hitting the bottom and turning around.

Kendall Oliphant, senior vice president of Thredgold Economic Associates, told the Deseret News declines are decelerating and there is a limit to how low home values will go. He told the paper, "As we get close to bottom, the percentage decline is going to slow down."

Experts also say interest rates are so low that those who buy now may have the same mortgage payment as those who wait to buy at lower prices next year.

E-mail: mrichards@ksl.com
http://www.ksl.com/?nid=148&sid=6311066

Another Price Change

Wow, the home that I wrote about a few weeks ago in mapleton that was originally $950,000 just dropped thier price to $599,900 what a deal!

Top 20 Tips on Selling your home in Utah County

I just finished writing the Top 20 Tips For Selling Your Home in Utah County. Now these tips apply to selling for sale by owner or if your listing with an agent! Pop on over and check them out. I really hope you enjoy them!

Welcome to my Utah County Real Estate blog! I am the Associate Broker of Team Teasdale Realty. We are located in Spanish Fork, Utah. Our team combines proven traditional real estate practices and represents the leading edge in the future of real estate marketing by merging internet technologies, service, communication, information and analysis with those traditional practices to provide our clients with an exceptional real estate experience and superior marketing.

David Teasdale, Associate Broker
e-PRO, AHS
750+ Homes Sold
Team Teasdale, Utah County Real Estate
Phone: 801-798-9911

http://www.TeamTeasdale.com
Email

Great Price in Payson

I took 50+ Photos of this home down in Payson, Utah and the seller just decided to lower the price $20,000 to help sell it really quick.

The Utah State Governor just passed a bill that grants home buyers $6000 towards a new construction home that has never been occupied. This home would qualify for that. These funds are able to be used towards closing costs.

Also if you are a new home buyer or have not owned a home for 3 years you would also qualify for $8000 dollars towards the purchase of this home. That's a total of $34,000 off the price of this brand new home in payson.

The home is on a quiet cul-de-sac, it is a custom built home with solid surface counter tops, knotty alder cabinets, jet tub, main floor laundry, gas fireplace, fully fenced yard, 2 huge bedrooms upstairs!

Give me a call and we can go and check it out together.


Thanks,
Dave Teasdale
Associate Broker, e-Pro, AHS
RE/MAX Results Realty
Dave@TeamTeasdale.com
www.TeamTeasdale.com
801-798-9911 | Office
801-602-4887 | Cell
801-794-1579 | Fax

Well, after days and days of hard work, I have finally re-launched http://www.TeamTeasdale.com I am really happy with the final layout and how everything looks. I still have a few areas to finsih touching up but I think it looks really great. 

WoW, Great Price.

I just changed the price on one of my mapleton utah listings. The sellers had this home on the market in Febuary 2008 for $950,000. Today I just adjusted the price to $675,000 what a great price for a 6300 sq.ft custom home that isn't in foreclosure. 

First Blog

My First of many entries into the world of blogging. I wanted to have a journal of what is happening in utah realestate. The ups and downs in these chaotic times.