February 2022 - Spanish Fork Happenings

Zao Asian Cafe will be opening this Summer.  The building is currently under construction and is located next to R&R BBQ.

Home Goods is finally opening on March 3rd.  It is located next to Old Navy in the Canyon Creek shopping center.

Jazzercise is having a grand opening in their new location on February 5th at 9am.  Their address is 49 E 1000 N next to Seagull Book.

JDawgs announced they will be opening a new location in Spanish Fork in the same shopping center as Handels. 

Hive Parks is hoping to open in March and is located in the old Shopko building.

In case you missed it…

  • Handels opened in January in the Harbor Freight shopping center
  • Popeyes is nearing completion in the Old Navy shopping center
  • Texas Roadhouse has started construction next to Hampton Inn
  • The Buckle is still under construction next to TJ Maxx

The calm before the storm has passed and here we are back into this wild market. Just attend an open house or talk to an agent that represents new construction.  If 40 homes are released for bidding on new construction and 300 offers are submitted, you tell me how the market is!  Interest rates are climbing much faster than anticipated and the frenzy has begun as buyers hurry to get into a home.  This market is shocking!  There is no other way to put it.  The average list price in Spanish Fork for January 2022 was $523,000 with the average sold price at $536,000.  Given what the average sold price was just a few years ago (January 2020 $328K), it is definitely mind-blowing. So do you wait…for the market to crash…while home prices keep going up and interest rates do too?  Many economists in real estate predict a minimum of 8-12% gain for 2022.  The window of opportunity is closing for many first-time buyers. Give me a call so we can review your options in this ever-changing market!