February 14, 2013

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2012 Home Sales Jumped in Weber and Davis Counties

Press Release

February 14, 2013

2012 saw big increases in home closures for both Davis and Weber counties, according to year-end data released by the Utah Association of Realtors.

Sales in Davis County were up 21.6 percent from 2011 (3,042 to 3,699), while Weber County saw a 20.8 percent increase in home sales.

“These numbers are very exciting, not just for those in the market for a new home, but also those looking to sell their existing homes,” said Christy Vail, president of the Northern Wasatch Association of Realtors.

Closed sales in Weber County jumped from 2,587 in 2011 to 3,125 in 2012, while the average sales price of those homes rose from $155,157 to $161,150.

Davis County’s average sales prices increased from $213,873 to $216,246.

In addition to the sales increase, Vail pointed out that pending sales were also up 23 percent in Weber County and 22.9 percent in Davis County.

Homes also spent less time on the market in 2012 before being sold.

“We saw a decrease of 15 days in the time it took to get those homes sold in Davis,” Vail said. “This is encouraging because it’s a great indicator of confidence in our Utah market, and for the potential seller looking to 'move up' it indicates their existing value is increasing.”

Overall, Utah saw a 12.4 percent increase in homes sales (32,646 to 36,699 homes sold) while the average home price rose from $173,500 to $180,000.

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