Mark on October 14th, 2009

September home sales in Salt Lake County returned a mixed bag. While the average sales price dropped to just over $240,000, the price per square foot actually increased to $104. This implies people are buying smaller homes, in fact the average sized home dropped to 2,307 sq. ft., its lowest level since September 2008. The [...]

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Mark on September 10th, 2009

Home sales for Salt Lake County in August 2009 were flat compared to July. The average home price fell slightly to $255,375 (from $257,186), but the average size also fell to 2,479 square ft, which meant that the average price per square ft. actually rose slightly to $103. The number of homes sold dipped below [...]

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Mark on August 18th, 2009

For the second month running, the number of homes sold in Salt Lake County exceeded 1000. There were a total of 1081 homes sold which was slightly down on last months figure, but is still an healthy sign of an improving real estate market. The average sales price and price per square feet was also [...]

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Mark on July 23rd, 2009

For the first time since November 2008, there were more than 1,000 homes sold in Salt Lake County. June saw 1,191 homes sold, for an average sales price of $261,218. While the average sales price was slightly down on the previous month, the price per square ft. increased to $105, the highest level seen since [...]

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The real estate industry standard for determining how a market is performing is the median home price or in some places the average home price. You hear it everywhere, median home price falls in first quarter, median home price for Salt Lake City is… But is the median home price a true indicator of how [...]

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Mark on June 12th, 2009

May 2009 saw the number of homes sales in Salt Lake County go up for the forth straight month. There were 960 homes sold in May, compared to 850 in April. Another good sign was that the price per square foot increased for the second month in a row, and now stands at $102 per [...]

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The number of homes sold in Salt Lake County continued to climb in March 2009, with 713 homes sold, up from the 585 sold in the previous month. While these month on month increases are an encouraging sign, homes prices continue to fall, with the price per square foot falling into double digits for the [...]

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Mark on March 12th, 2009

Salt Lake County home sales for February 2009 saw a rebound from January’s disastrous numbers. There were 566 homes sold, which is a 30.11% increase over January 2009 figures, but a 24.83% decline year on year. The average sale price for homes sold was $263,048, which is a drop of 2.07% over the same [...]

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Mark on February 10th, 2009

Home prices along the Wasatch Front, while not great at least faired better than much of the U.S. In 2008, Salt Lake County home prices went down just 3.71%, with the new median home price for single-family homes now standing at $240,000. Homes at the low end of the ladder faired much better than those [...]

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Mark on November 9th, 2008

Home prices in Salt Lake County, Utah County, Tooele County and Davis County struggled in the third quarter 2008. The depressed real estate market continued to struggle under the weight of an ailing U.S. economy and tighter lending requirements.
Single-family Salt Lake County home prices declined 3.75% in the third quarter, with the median home [...]

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