Monday, July 24, 2017

Wasatch Back Land Statistics




Good morning everyone hope you are doing great and having a wonderful weekend.

It was great to have a Memorial weekend and celebrate this country and our freedoms and everything last weekend, hope you had a great Memorial weekend.

Anyway I want to get back into some real estate and just give you some information. I am in Wasatch County, actually in Wallsburg, I'm on a client's two acre parcel that he has for sale and just a gorgeous area. He's got two acres here and then a back two acre parcel also, both of them buildable.

Wasatch County is just an incredible place. I know we hear a lot about the Wasatch Front, Lehi it was on the news that it's the 11th fastest growing city in the United States. So the Wasatch
Front a lots happening but the Wasatch Back is also have a lot going on.

So let me just tell you a little bit really quick about some statistics here in Wasatch County which includes Wallsburg where I'm at right now. I had some clients from the East Coast that we're asking me this week what's happening and you know they've heard news about what's happening in Utah.

Looking at properties in Wasatch County that have five acres or more in 2015 there were 31 parcels that sold and it was for a total volume value of 18.8 million. Last year there were 37 parcels five acres or greater that sold for a volume of 21.8 million.

So far this year we've had 14 parcels sell for a volume of 9.1 million. There's 12 under contract so in the next 30 to 60 or 90 days those are you know probably likely to close the majority of them. Out of
those 12 six of them are a million dollars or more so within the next 60-90 days we could be at or surpassing last year's volume with another four or five months left to go in the year.

So anyway, Wasatch County, Summit County is kind of a similar story but there's a lot going on here if you have any interest give me a call, shoot me a message or a text. I'd love to help you find some property there's a lot of property that is less than five acres for sale.

As I looked at these statistics as my friend was asking me what was happening here in Utah and development wise those are parcels that typically are going to be subdivided or developed.

Now here in Wallsburg these two two acre parcels are buildable but you're not going to subdivide them. I do have 1500 acres up here on the mountain if you want a little bit bigger area and you can put probably you know one big nice home or a few you know 200-acre homes 160 acres and there's a lot of other parcels here in Wallsburg as well as Heber, Midway, Kamas, well Kamas is Summit County that's another story we'll talk about that another time.

So anyway you guys have a great weekend and get into the Wasatch back it's just beautiful about 10 to 15 degrees cooler usually too so it's wonderful. I'm a little biased, but I love
it up here.

Take care!
Brian
Wallsburg World Realtor

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