Home Prices
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 [...]
Continue reading about Salt Lake County Homes Sales for May 2009
Prices have been announced for the downtown Salt Lake City Creek Condo developments and as you may expect they are expensive. Prices range from $500 to $800 per square foot. To put this in perspective in the first quarter 2009, just 5 condos were sold in the entire downtown area, with an average price 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 [...]
Continue reading about Salt Lake County March Home Sales Up for Third Straight Month
There is now a new Utah State incentive of $6000 dollars for home buyers, but it comes with limitations and in my opinion a major drawback. Unlike other incentives introduced at the federal level, the State incentive is limited to new construction homes. Now this is great if you are looking to buy a new [...]
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 time [...]
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 [...]
Continue reading about Annual Wasatch Front Home Prices for 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 [...]
Continue reading about Home Price Data for the Third Quarter 2008
After several months of increased home sales, Salt Lake County suffered a drop in the number of homes sold in July 2008. There were 968 homes sold in July, down from 1113 in June. While this may seem like bad news, it must be remembered that July is traditionally a slower month, in fact the [...]
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Home sales data for the second quarter 2008 is now available. The median single-family Salt Lake County home price was $249,000, which when compared to the same quarter in 2007 ($255,000) is a 2.41% drop. Condominium prices also saw a small drop in price going from $173,950 to $172,600. The prices are coming under pressure [...]
Continue reading about Wasatch Front 2nd Quarter 2008 Home Prices
The number of single family homes sold in Salt Lake County increased for the fourth-straight month. There were 835 homes sold in May, which was an increase of 4.11% over April’s numbers. While the numbers are still way down on last years numbers (in fact year to date they are 37% lower), at least the [...]
Continue reading about Salt Lake County Homes Sold Increase for the Fourth Straight Month
