The Canovo Report
Deals & Data for Smart Multi-Unit Investors in Utah.
Active Multi-Unit Listings Up 22% – Median $/SqFt Down 3.1%; SLC 6-Unit Sells for $177k per unit; Home Sellers Offering Record Breaking Concessions
Logan 16-unit listed for $200k/Unit; Sold Multi-Units and Single Family Both Down ~5% YTD; Multifamily Overbuild to Pay off
Utah multi-unit listings up 35%; Mortgage Rates Climb Back Up; Salt Lake Buyers Pay Double
Salt Lake Fourplex Sells for $140k/Unit; YTD Multi-Unit Sales Down 1.6% - Single Family Down 5.9%; Goldman Sachs Raises Recession Probability to 35%
Ogden 8 Property Portfolio Listed for 2.4M; Cedar City Duplex Sells for $175k/unit; Renting on the Rise in America
Ogden 6 unit listed at $139k/unit; [REPORT] - SLC rents down 1.3% YoY; FED expected to cut rates twice in 2025
Inflation slows to 2.8% in Feb; Provo Fourplex sells for $172k per unit; 78% of Utah’s priced out of housing
29-Unit Ogden Portfolio Listed for $4M; Salt Lake City to Overhaul Zoning Map; New Report Identified Lease/Most Stable Markets
Salt Lake 14-unit Under Contract at $178k per unit; Mortgage Rates Drop to 4 Month Low; Small Multi-Family Construction Rebound
Provo Faces Price Decline Risk in 2025; Salt Lake City 16-Unit Listed for $250k/Unit; Logan Triplex Sells for $136/unit.
Murray 8-unit Listed for under $200k; Two Packaged Fourplexes in Pleasant Grove Sell for $277k/unit
Utah Multi-Unit Inventory Spikes - Single Family Sales Down; SLC 20-unit - Listed for $200k/Unit; [REPORT] Singles Face Heavier Housing Burden
