Salt Lake City Real Estate Blog

The new model home village is up and running in Daybreak. The village called Daybreak North Shore, is Daybreak’s third, the first two being Founders Village and East Lake Village. There is a noticeable difference in this phase, there are far more homes in the starter home category. If you are looking for homes under $200,000, Daybreak offers far more opportunities in North Shore than in the previous phases. (more…)

I have updated our Salt Lake new homes map to incorporate the latest developments and pricing information. This interactive map uses Google Maps functionality to show the location and prices for the major new home builders and developments in Salt Lake County, Davis County, and Utah County. New home prices across the Salt Lake Valley are coming under pressure from the slowdown in the local housing market. Very few builders/developments have increased their prices, with most builders keeping their prices the same or lowering them slightly. Ivory Homes seems to have cut their prices the most, with the majority of developments showing substantial price declines.

Kennecott Land announced this week that it has broken ground on the next phase of its impressive Daybreak development located in South Jordan Utah. Unlike the previous phases which were residential this phase is mixed use. The first building to be started is the Daybreak Corporate Center. When complete the Village Center development will include office space, high density housing, retail space, and restaurant groups. 

Yesterday new home start figures were released which showed an increase of 0.8% from Feb to March. That’s the good news. Also on the same day builder confidence showed a downtown because of the increasing number of cancellations and a decease in sales due to the sub prime mess-up. Here is my take on the situation. I believe we were starting an upturn in the market (at least on the west coast) but now with the sub prime problem who knows what will happen.