According to the Wasatch Front Regional Multiple Listing Service (Utah Realtors Data) the highest priced homes sold in the past seven months in Springville, Mapleton and Spanish Fork were sold by Team Teasdale. Buyers paid cash for two of the three homes. Cash means no loan or appraisal. This makes selling for us Realtors much easier. 
The highest priced home sold in Mapleton in the last 7 months was MLS# 688248. This home sold for $588,900 on 10/22/2007. It was previously listed by a discount brokerage that did absolutely nothing. In fact, my seller demanded a $400 refund from the listing agent after they were fired. Team Teasdale listed this Mapleton home and found the buyer. However, the buyer had to quickly sell his Lindon home for $425k. We listed his home and sold it fast. The buyer then signed on the sale of his Lindon home and his new Mapleton home on the same day. We loved working with this family and appreciated the thank you card we received after they moved into the home. This is the kinda stuff that makes me love my job. This is how you get it done in a difficult market. You can't rely on other Realtors. You've gotta work hard and smart to make sales.
The highest priced home sold in Spanish Fork in the last 7 months was MLS #778942. This home sold for $675,000 on 5/7/2008. Team Teasdale listed this home for one of the local credit unions. Team Teasdale is their exclusive foreclosure specialist. We are greatful for the opportunity to represent one of the local credit unions. This is the 24th home Team Teasdale has sold since the new year (01/01/08 to 05/09/08). Our virtual tours are very detailed. This virtual tour helped sell this home with about 100 photos: see the tour
The highest priced home sold in Springville in the last 7 months was MLS #720011. This home sold for $830,000 on 3/21/2008. Team Teasdale listed this home for a local builder. This 8200 sq/ft home is gorgeous inside. If you would like help selling a high priced home in a difficult market hire someone who is really selling high-end homes. Fill out our FREE CMA request and let's get started.
Yes, Utah County home sales have flatlined. If you notice the graph below "sales as a percentage of homes sold" provided by the Utah County Association of Realtors. The percentage of homes from September 2007 to March 2008 has been around 7%. This means that about 7% of the current inventory is selling every month. We have a 14 month saturation rate in the market (100/7=14). Compare this to the summer of 2006 of a 5 month saturation rate.
I don't believe the saturation rate will dip below the 7% range. Nor do I believe we will see a 25% saturation rate for several years. One can view the market as continuing to collapse or see the market as a buying opportunity. I think it is a great time to buy in many sectors of the market. Buyers are able to negotiate some awesome prices especially in the higher end homes. I love some of the bank repo deals I see out their right now.
In fact, Team Teasdale has sold $6.7 million in Real Estate since the new year (01/01/08 to 05/08/08). This equals 24 homes sold. Why do people think nothing is selling??? Homes are selling that are priced correctly.
I have been selling for 13 years in Utah County and I considered the 1st quarter extremely busy. It may be due to many part time and flaky Realtors quiting the business and getting real jobs. This may have created excess work for those remaining in the business. We have been busy with many buyers. About half of the buyers were from out-of-state that have been buying homes. Many of our listings priced between $500-$1million have been purchased with cash. This is due to the jumbo loan problem and some rich Californians.
If you have any comments about the market direction add to our blog.
Real Estate companies around the country are afraid of the market changes. In fact, many are afraid they will lose Realtors. Losing Realtors means losing revenue for their companies. Remax International has been very agressive in trying to encourage their agents. Retention is key. Here is part of an email I just recieved from Remax International:
Dear RE/MAX Associate:
I need just a moment of your time to talk about the particular challenges we all face in today's real estate market. There's an old saying that "things are never as good as they seem, and things are never as bad as they seem," and that certainly applies to today's market. We at RE/MAX International hear on a daily basis from agents who are succeeding despite the slow market, while others struggle to maintain production numbers.
The fear is felt through all Real Estate companies. Remax and other large brokerages won't lose top producers. Remax and other Real Estate companies may lose beginners and medium size producers over the next two years. I appreciate Remax Internationals aggressive attempt to train and retain Remax agents. I have been with Remax for about 11 years and love working with this company. This is the cycle of Real Estate. I welcome the change and the newer more challenging market.


Our team has 23 years of full-time Real Estate experience in Utah County. We hope you take some time to view our resume. Would you like a Realtor who only sells 4 homes a year and has only 3 years experience to negotiate your most valuable asset? In 2006 we closed 82 homes and in 2007 we closed 46 homes. We will negotiate your most valuable asset and net you the highest price possible. Team Teasdale will sell your home faster than our competitors.
I have not figured out our average selling time in 2007 at this time. However, it will be longer because the market has slowed substantially. The best news is that Team Teasdale has put 12 homes under contract since January 1, 2008.
If you would like a free Comparitive Market Analaysis(CMA) on your homes value we would love to help you. Remember to visit our Utah County Real Estate website.
Data Provided by: 2005/06 National Association of Realtors
Member Profile, the Wasatch Front Regional Multiple Listing
Service and the Utah County Association of Realtors
