Inventory of Homes for Sale in Springville Utah is Declining!

Posted on January 30, 2012 by

Springville Utah is down to 283 Homes for Sales

The number of homes for sale in Springville, Utah is declining along with the number of homes for sale in Utah County.  The number of homes for sale in Utah County has dropped to a staggering 2978 homes for sale.  This is the lowest level of homes for sale in over five years.  The chart below represents the number of active homes for sale each month in Utah County over the past five years.  Notice the purple line.  This is the number of homes available in 2011.  This line has been sharply charting down.  Buyers are buying because of low interest rates, amazing deals on bank repos, hud homes and short sales.  Many of the best buys are gone and the market is starting to show some life after five years of being pounded.

springville-utah-homes

springville-utah-homes

Inventory is Declining in Spanish Fork and Mapleton

The declining inventory trend is also occurring in Mapleton and Spanish Fork.  The number of homes for sale in Mapleton is down to 65 and the number of homes for sale in Spanish Fork has declined to 314.  This is a very positive sign for those that are wanting to sell and have been waiting for the market to stabalize.

Search Homes for Sale in Springville Utah

If you are looking to buy a home in Springville and are looking for a Realtor consider contacting Paul Teasdale of Team Teasdale Realty.  Feel free to search our database of homes for sale in Springville Utah. This database is a live feed from the Realtors MLS and has all 283 homes for sale in Springville Utah.  You will also be able to search all 2978 homes for sale in Utah County.

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New Listing in Springville Utah: Home for Sale

Posted on January 10, 2012 by

Home for Sale in Springville Utah: MLS# 1069189

Prepared by Paul Teasdale 491-7653 www.UtahCountyListings.com
Virtual Tour of this Springville Home

List Price: $169,900 Status: Active
Address: 1111 E 50 N Project:
City: Springville, UT 84663 Type: Single Family Style: Rambler/Ranch
Property Tour: Tour NS / EW: 50 N / 1111 E
springville-home-for-sale

springville-home-for-sale

Total Sq Ft: 2396
Total Beds: 4
Total Baths: 2.00
Family Rooms: 2
Fireplace: 1
Garage | Car Port: 0 | 2

Year Built:  1968
Taxes: $1,129
Acres: 0.25
HOA Fee: $0
Construction Status: Blt./Standing
Finished Basement: 100%

Exterior: Brick

Lot Facts: Fenced: Full; Road: Paved; Sidewalks; Sprinkler: Manual-Part; Terrain, Flat; Terrain: Grad Slope

Inclusions:

Features & Info: Dishwasher, Built-In; Disposal; Kitchen: Updated; Range/Oven: Free Stdng.

Remarks: ***See 30+ photos, click TOUR*** Beautifully maintained home in great Springville neighborhood. This home features a bright, updated kitchen; hardwood floors throughout common areas on main; boasts 2 furnaces; and spacious RV Parking This home is move in ready. Easy to show

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Springville Utah: 125 Short Sales and 12 Bank Foreclosures

Posted on December 31, 2011 by

Springville Utah has More Short Sales than Bank Foreclosures

Bank Foreclosures have been slightly declining in Springville UT. Short Sales in Springville UT have been fairly constant over the past year and hover around 25% of the real estate market. 163 home owners are selling their homes in Springville on 12/31/2011. The number of short sales has climbed to 45 and the number of bank foreclosures dropped to 6 homes for sale. Springville currently only has no HUD home for sale at the moment. If you would like to see any short sales, bank foreclosures or HUD homes in Springville Utah contact Paul Teasdale with Team Teasdale Realty.

I would like to point out the populations of each city. Springville Utah has a population of around 30,000 and Spanish Fork Utah has a population of around 33,000.  Mapleton Utah has a population of 8,000. Springville has 212 homes for sale and Spanish Fork has 311 homes for sale. Spanish Fork has 99 more homes for sale than Springville or about 31% more homes for sale. The number of Bank Foreclosures in Spanish Fork have been in decline. This is a very interesting statistic. I think this is because of the amount of homes, condos and twin homes that were built in the 2003-2007 era. Spanish Fork has almost double the amount of short sales for sale. See the graphs below.

springville-ut-bank-foreclosures

springville-ut-bank-foreclosures

spanish-fork-ut-bank-foreclosures

spanish-fork-ut-bank-foreclosures

mapleton-utah-ut-bank-foreclosure

mapleton-utah-ut-bank-foreclosure

The real estate market in Mapleton is much more stable than both the surrounding cities of Spanish Fork or Springville. If you are looking to buy or sell a home in Springville, Spanish Fork or Mapleton call me. I have been selling homes in this are since 1995 full time and live right here in Mapleton.

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Bank Foreclosures in Springville Utah: Record High 28% of Homes SOLD in 2011

Posted on December 20, 2011 by

Bank Foreclosed Homes in Springville, Utah hit new Record

Springville, Utah is experiencing a record high of 28% bank foreclosures sold in 2011.  What the heck is going on in Springville?  We are leading Utah County in Bank Foreclosures. I am disappointed to discover this fact while researching bank foreclosed homes in Utah County this morning.

Springville Utah had 328 homes, condos, townhomes and twinhomes SOLD in 2011.  These homes consisted of Bank Foreclosures, Short Sales, HUD Homes, Fannie Mae and Freddie Mac Homes.  The 328 homes sold included the typical residential seller in Springville that was not experiencing a distressed situation.  91 of the homes sold were bank foreclosures.  Approximately, 25% of the homes sold in Springville were short sales in 2011.  Team Teasdale Realty sold several short sales and bank foreclosures in Springville, Utah.

I have crunched some numbers to see how the bank foreclosures in Utah County compare to one another.  The most stable city is Orem and the least stable is Springville.  Provo is relatively stable compared to the other cities in Utah County.  Saratoga Springs and Eagle Mountain had a higher percentage of bank foreclosures.

springville-utah-bank-foreclosures

springville-utah-bank-foreclosures

21% of the homes sold in Orem, Utah in 2011 were bank foreclosures.
22% of the homes sold in Lehi, Utah in 2011 were bank foreclosures.
22% of the homes sold in Provo, Utah in 2011 were bank foreclosures.
23% of the homes sold in Mapleton, Utah in 2011 were bank foreclosures.
24% of the homes sold in Spanish Fork, Utah in 2011 were bank foreclosures.
28% of the homes sold in Springville, Utah in 2011 were bank foreclosures.

It is hard to imagine that MORE than half of the homes sold in Springville, Utah were either bank foreclosures and short sales.  The amount of bank foreclosures and shorts sales will continue into 2012.  In speaking with many of the Realtors that represent the banks in Utah County they have made it clear the inventory will continue to climb.

If the supply of bank foreclosures and short sales continue to climb into 2012 then prices will also decline.  I think the prices will either stabilize or go down around 2% in Springville UT in 2012. Prices will certainly not go up.  However, the interests rates are awesome at around 4%.  It still makes sense to buy a home in Springville even if prices slightly fall.  Prices have been falling for five years and catching the exact bottom will be very difficult.

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Paul Teasdale and His Family Wish You a “Merry Christmas”

Posted on December 14, 2011 by
Springville Utah Merry Christmas

Springville Utah Merry Christmas

Paul Teasdale and his family live in Mapleton, Utah next to Springville.  We are greatful to the community for your support in 2011.  We had a great year and sold 68 homes in 2011.  We were very blessed and sold many homes in Springville.

We wish you a “Merry Christmas and a Happy New Year!”

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Homes Sold in Springville, Utah by Team Teasdale Realty

Posted on December 2, 2011 by

Here are a few homes SOLD in Springville, Utah by Team Teasdale Realty in 2011.

We helped our Buyer by this Cherry Cove home in Springville.  This home has over 4000 finished square feet and was built in 1999.  Home Sold in Springville by Realtors

Springville Heights subdivision home.  I listed this 2001 home in Springville.  It was previously listed by two other Springville Realtors.  It took Team Teasdale Realty 141 days to get this home sold.  It had beautiful views of the valley and had a very delightsome original floor plan.  I loved this home.  Real Estate Sold in Springville, Utah

springville-utah-home-sold

springville-utah-home-sold

Single Family home located in Springville Utah.  This home was listed and  SOLD in 85 days. This four bedroom Springville UT home had four bedrooms and a finished basement.    Home Sold with Virtual Tour in Springville

Okay, this one is a bargain.  I represented my buyer from California.  We negotiated with Fannie Mae to buy this Springville home.  This 2-story home has a 6 car garage and 2842 finished square feet with 7 bedroom and 3 bathroom on a half acre.  SERIOUSLY!  What a deal!  I sold this Springville bank foreclosure (Fannie Mae) to my buyer for $155k in April of 2011.  Fannie Mae Foreclosure Sold in Springville

My Associate Broker David Teasdale sold this one.  He listed this one and sold it in 131 days.  This Springville home has 2200 square feet and was built in 2001.  It is a really nice home.  It is located in Sunrise Subdivision in Springville.
Home Sold in Springville, UT

Springville Utah Rambler sold by David Teasdale.  This is a new home with a three car garage.  This home is located in the Rivers in the riverbottom area of Springville.  This is a beautiful 2-Story home.  Home Sold in Springville, Utah

Paul Teasdale has been living in the Springville-Mapleton Utah area for over 12 years.  Paul has been selling homes in the Springville-Mapleton area for 16 years.  Work with the Principal Broker in finding a bargain on your next home right here in Springville.
Call Paul Today at 801-491-7653.

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Springville Short Sale Homes: 18% of the Real Estate Market!

Posted on November 25, 2011 by

Springville Utah Short Sales

18% of the Homes for Sale in Springville are Short Sales

Short Sales in Springville Utah are actually in decline.  The amount of short sales in Springville was in fact much higher a few years ago.  We had many high end homes that fell into short sale during the economic recession.  These homes have now sold and the amount of short sales has slowed down.  Currently we have 222 homes for sale and 41 of those homes in Springville are short sales.  This equates to 18% of the Real Estate Market in Springville.

The challenge for many buyers is being able to recognize the unapproved and approved short sales.  When you hire Paul Teasdale of Team Teasdale Realty he will help you know when to make an offer on a short sale and when you shouldn’t.  Paul has been negotiating on short sales in Springville for about 12 years.  It is important to get a first position when trying to buy a short sale.

Many buyer and Realtor don’t understand some of the danger of trying to buy a short sale.  Here are just two things that will make it difficult or impossible to buy a short sale:

  • No default on loan — Lenders almost never will accept short sale offers or requests for short sales until the borrower is far behind in payments and a notice of default has been issued.
  • Bankruptcy — If the seller has filed for bankruptcy, forget it. Few, if any, lenders will consider a short sale when the seller has filed for bankruptcy because negotiating a short sale is considered a collection activity and collection activities are prohibited in bankruptcies.

springville-utah-homes-short-sales

Many Realtors attempt to move forward on a Short Sale even when the seller has filed for bankruptcy.  A buyer should pass on any homes where a seller has filed for bankruptcy.  The home often gets brought into the bankruptcy making it unbuyable.  A buyer will need to wait for it to show up as a bank foreclosure down the road.

If you are considering a Short Sale on Your Springville Home call Paul.  We care about your situation and will use our experience to help you.  We will give solid sound real estate advice.

If you are looking to buy a short sale in Springville and would like to hire an excellent Realtor call Paul.  All short sales in Springville are not what they appear.  They are like a used car.  You need to look under the hood and do and inspection on the current true status of the short sale before seeing the home.

List of Short Sales in Springville Utah

Paul Teasdale
Principal Broker
Team Teasdale Realty
801-491-7653

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Springville Utah Home for Sale: $475,000

Posted on November 23, 2011 by

Buy a Home in Springville Utah: MLS# 1018816

Prepared by Paul Teasdale 491-7653 www.UtahCountyListings.com

List Price: $475,000 Status: Active
Address: 2006 E PEBBLE DR Project: HIDDEN VALLEY
City: Springville, UT 84663 Type: Single Family (PUD) Style: 2-Story
Property Tour: Tour NS / EW: 1400 S / 2006 E
  • Primary Photo [click for larger view]

Total Sq Ft: 5095
Total Beds: 4
Total Baths: 4.00
Family Rooms: 1
Fireplace: 2
Garage | Car Port: 3 | 0

Year Built:  2005
Taxes: $3,141
Acres: 0.37
HOA Fee: $0
Construction Status: Blt./Standing
Finished Basement: 30%

Exterior: Stone; Stucco

Lot Facts: Cul-de-Sac; Curb & Gutter; Fenced: Full; Road: Paved; Secluded Yard; Sidewalks; Sprinkler: Auto-Full; Terrain, Flat; Wooded

Inclusions: Microwave; Refrigerator; Water Softener: Own

Features & Info: Bath: Master; Bath: Sep. Tub/Shower; Central Vacuum; Closet: Walk-In; Den/Office; Dishwasher, Built-In; Disposal; French Doors; Gas Log; Jetted Tub; Oven: Double; Range/Oven: Free Stdng.

Springville Utah Real Estate

Remarks: See 50+ photos of this home * Click tour at top of page * Beautiful home in prestigious area of Hidden Valley Estates. Enjoy this creek side, well finished home. Easy to show!!!

Search Springville Utah Homes for Sale
Springville Utah Short Sales
Springville Utah Bank Foreclosures

 

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Springville, Utah Homes Sold

Posted on November 22, 2011 by

Springville Utah Sold Data.   Here is a chart showing the most recent number of Sold homes in Springville.  The number of homes dipped in the 3rd and 4th quarter of 2010 and picked up in the 1st and 2nd quarter of 2011 with about 180 homes selling in both quarters.  The 3rd quarter of 2009 experienced a boom.  You can see where the government offered the tax incentive programs.  After the programs ended the Springville market would go back down.

springville-utah-homes-sold

It is interesting to note that Springville had about 500 homes sell per years before the economic meltdown.  From 2007 and forward we have been experiencing about 250 homes selling per year.  This is still a healthy amount.  Springville is a very desirable place to live and build a home or buy an existing property.  We are currently experiencing a high number of short sales an bank foreclosures in the Springville, UT area.  If you are looking to sell a home and would like an opinion on your current value contact Paul Teasdale.  Contact Team Teasdale Realty at 801-491-7653.  Springville Utah Realtor.

There are currently 222 Springville Utah Homes for Sale.

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Springville Utah Homes for Sale

Posted on November 22, 2011 by

Search homes for sale in Springville, Utah.  This is a list of homes for sale only in Springville.  You can also search from this page all the homes in Utah County if you wish.  If you are looking for short sales and bank foreclousres in Springville Utah you can find them on our site.

Team Teasdale Realty has made a list of  Springville Short Sales.  They have also made a Springville Bank Foreclosures.  This is a live current list of homes available in Springville.  Dave Teasdale the Associate Broker of Team Teasdale Realty lives in Spanish Fork and works in this area.  The majority of Team Teasdale Realty live in Mapleton about two miles from Springville.  Paul lived in Springville for three years prior to moving to Mapleton.  Paul is very familiar with the Springville Utah Schools and community.  Let them know if you are looking for an approved or unapproved short sale.  They are often aware of homes coming on the market.  Team Teasdale Realty can help you find Fannie Mae, Freddie Mac and HUD homes in the Springville UT area.  They specialize in helping internet buyer find homes.  Here is how you Contact a Springville Utah Realtor.

Visit us online: Homes for Sale in Utah County

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