Biggest Fall Deals for Home Buyers Since 2019

Mortgage Rates Drop - Refinance Activity Spikes; Brigham City 6-Unit Sells for $83K/unit; Utah Multi-Unit Sales Down 7% Year to Date

Author

David Robinson
October 22, 2025

> Featured Listings

Rare legal duplex in a prime Ogden location-just a short walk to Weber State University! The main home features 6 bedrooms and 3 baths, beautifully updated with custom cabinets, a gas range, and a built-in dining bench with hidden storage. Step outside to an incredible park-like half-acre yard-fully fenced and filled with towering mature trees, lush landscaping, raised garden boxes, and a charming chicken coop. The expansive deck above the garage is perfect for entertaining, relaxing, or taking in the breathtaking mountain views. The separate apartment has its own entrance, parking, and utilities, and has been used as a 2-bedroom rental generating $1,100/month. Whether you're looking for an income-producing investment, multigenerational living, or a rare property with space to breathe, this one is truly special.

This recently updated multi-unit motel sits on a spacious 2-acre lot just off Main Street, offering prime visibility, peace, and small-town charm. The property features four renovated guest rooms, each with new showers, toilets, flooring, paint, and HVAC systems. Nearly every aspect has been refreshed, creating a clean and comfortable stay for guests. The grounds have been enhanced with new landscaping, adding to the property's inviting curb appeal. In addition to the guest rooms, there's a two-bedroom home, ideal for an on-site manager or long-term rental income. At the front of the property sits a commercial storefront facing Main Street, perfect for a hair salon, boutique, office, or any retail business looking for great exposure. This room could also serve as a third bedroom for the on-site Manager. With more than 2 acres of land, there's ample space behind the motel to expand or develop additional units, RV pads, or even tiny homes, offering excellent potential for future growth and increased income.

This stunningly remodeled 4-plex places tenants right in the center of the action-mere minutes from the vibrant University Place shopping center and offering unparalleled convenience to both BYU and UVU campuses. This isn't your average rental property. Over the last few years, the entire building has been transformed with modern, attractive features that tenants love, including sleek quartz countertops, durable LVP flooring, and sparkling stainless steel appliances. Comfort is guaranteed with brand-new windows and a one-year-old HVAC system in all four units. For the savvy investor, this property delivers maximum value: no HOA fees, high rental income driven by its coveted position, and separate meters for streamlined management. Stop looking at overpriced, high-HOA properties; your profitable, turnkey investment is right here!

12 unit multi-family townhomes - fully leased - 4 minutes from UVU and 11 minutes from BYU. Each home offers 4 bedrooms, 4 bathrooms, 2 car garage, huge kitchen and family room. Perfect floor plan. This offering is for 3 buildings or 12 total units that are and have been leased since they were brand new. They are separate tax id's so you can own all 12 and if desired sell them individually. Great location, strong demand and great appreciation.

Canovo Group may not be the listing brokerage for the above properties. The information provided is not guaranteed and should not be relied upon to make investment decisions. Buyers should complete their own analysis and due diligence before making any investment.

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> Utah Market Data

Utah Single-Family Sales – 24-Month Trend

Utah’s single-family market remains steady with slight year-over-year growth. Sold volume is up about 2.9%, showing more homes closing this year compared to last. The average price per square foot rose 2.2%, and the median price per square foot increased 1.1%. Overall, prices are holding firm and even ticking up heading into fall, suggesting steady buyer demand across the state.

Utah Multi-Unit Sales – 24-Month Trend

The multi-unit market in Utah has softened this year. Year-to-date sales volume is down about 7%, showing fewer properties changing hands compared to last year. Still, pricing has remained steady, with the average price per square foot up 1.1% and the median price per square foot holding close to last year’s levels.

Month-to-month data shows some seasonal swings, but overall, multi-unit values have stayed resilient despite slower sales activity.

> Rates & Financing

Mortgage Rates as of 10/22/2025

> Headlines & Insights

Nationwide, buyers had more power this September: the typical U.S. home sold for 1.4% under its final list price and took 50 days to go under contract—the slowest September pace in nearly a decade. Sales ticked up a bit as mortgage rates eased, but fresh demand stayed soft and many sellers pulled back.

Main takeaways:

  • Less bidding, more negotiating: Only 25.3% of homes sold above asking (lowest September share in 6 years) and the sale-to-list ratio averaged 98.6% (vs. 99.1% a year ago).

  • Market moving slower: 50 median days on market—the slowest September since 2016—while pending sales fell 1% MoM and 2.4% YoY, showing buyers are cautious.

  • Prices up, supply dipping: Median sale price $435,545 (+1.7% YoY). Active listings fell 0.6% MoM (still +8% YoY) as some sellers delisted or chose to rent instead.

What this means for Utah investors:

  • Better entry points: Softer demand and longer marketing times improve odds to negotiate on price, credits, and repairs in Salt Lake City and along the Wasatch Front.

  • Target value plays: Focus on stale listings (45–60+ days), small price cuts, and homes needing light capex—you can buy under ask now and force appreciation with upgrades.

Utah Headlines

Perfect Storm Drives Utah Tax Hikes – A state audit found that soaring home values and a 2018 legislative freeze on property tax rate adjustments have pushed Utah homeowners’ tax bills sharply higher, shifting the burden away from commercial properties.

Salt Lake County floats nearly 20% property tax hike – Mayor Jenny Wilson proposed a 19.63% increase to cover inflation, public safety needs, unfunded state mandates, and bond payments, with a Dec. 9 hearing set for public input.

National Headlines

Markets all but certain of Fed rate cut next week – The CME FedWatch Tool shows a 96.7% probability that the Fed will lower rates by 25 basis points to a target range of 3.75–4.00% at its October 29 meeting, signaling near-unanimous market expectation for another rate cut.

Fed poised for rate cut despite inflation uptick – With new CPI data showing prices still above target and regional bank stress resurfacing, economists expect the Fed to move forward with another rate cut next week to support a weakening labor market.

Refis Surge as Rates Drop – Mortgage rates fell to 6.37%, sparking an 81% jump in refinance activity while home purchase applications slipped as buyers await further rate cuts.

Blockchain Breakthrough in CRE – Commercial real estate is finally embracing blockchain for transactions, financing, and tokenized ownership, setting the stage for trillions in new global investment opportunities by 2035.

Pandemic Recovery Reshapes Jobs and Housing – After the sharpest job loss in history, the U.S. labor market fully rebounded within two years, fueling a housing boom driven by low rates and remote work before cooling under Fed tightening.

Build-to-Rent Pipeline Cools – U.S. build-to-rent construction slipped slightly in Q3, though Southern markets like Phoenix, Dallas, and Austin continue to dominate activity with nearly 64,000 units still underway nationwide.

David Robinson

Principal Broker/Owner

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