Salt Lake Housing Market
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 [...]
Continue reading about July 2009 Home Prices for Salt Lake County Utah
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 [...]
Continue reading about Salt Lake County Home Sales for June 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 [...]
Continue reading about Salt Lake County Homes Sales for May 2009
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
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
In a recent study by the Utah Association of Realtors, when people were asked what are the top three challenges in the Utah Housing Market, the number one response was ‘lack of housing affordability’. Second was the ‘current state of the economy’ and third was ‘difficulty in getting a loan’.
The question is, is this [...]
Continue reading about Utah Home Buyers Concerned About Housing Affordability
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 [...]
Continue reading about Salt Lake County Homes Sold Increase for the Fourth Straight Month
These are not my words, they are from a recent article in Forbes Magazine. According to the magazine article, Salt Lake is the sixth most recession proof city in the U.S. This is based on the fact that the city’s unemployment rate is low, that we are still creating jobs and that the housing market [...]