West Jordan, Utah
Real Estate information for the Greater Salt Lake City UT areas.
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Saturday, May 31, 2008
30 day snapshot on home sales in Salt Lake County
| 31-May |
Salt Lake 1 |
|
| |
Active |
8263 |
| |
Active -30 |
2382 |
| |
U/C -30 |
1040 |
| |
Expired |
1229 |
| |
Sold |
852 |
| |
Supply |
9.70 |
We currently have 8263 active listings
2382 were listed in the last 30 days and
1040 were put under contract or pending.
1229 homes expired or didn't sell, and
852 homes sold n the last 30 days.
30 day snapshot on home sales in Davis County
| 31-May |
Davis 2 |
|
| |
Active |
2270 |
| |
Active -30 |
649 |
| |
U/C -30 |
310 |
| |
Expired |
386 |
| |
Sold |
273 |
| |
Supply |
8.32 |
We currently have 2270 active listings
649 were listed in the last 30 days and
310 were put under contract or pending.
386 homes expired or didn't sell, and
273 homes sold n the last 30 days.
30 day snapshot on home sales in Summit County
| 31-May |
Summit 3 |
| |
Active |
1029 |
| |
Active -30 |
245 |
| |
U/C -30 |
40 |
| |
Expired |
152 |
| |
Sold |
38 |
| |
Supply |
27.08 |
We currently have 1029 active listings
245 were listed in the last 30 days and
40 were put under contract or pending.
152 homes expired or didn't sell, and
38 homes sold n the last 30 days.
30 day snapshot on home sales in Wasatch County
|
31-May-08
|
Wasatch 4 |
|
| |
Active |
572 |
| |
Active -30 |
125 |
| |
U/C -30 |
16 |
| |
Expired |
72 |
| |
Sold |
20 |
| |
Supply |
28.60 |
We currently have 572 active listings
125 were listed in the last 30 days and
16 were put under contract or pending.
72 homes expired or didn't sell, and
20 homes sold n the last 30 days.
30 day snapshot on home sales in Utah County
| 31-May-08 |
Utah 5 |
|
| |
Active |
5282 |
| |
Active -30 |
1303 |
| |
U/C -30 |
389 |
| |
Expired |
724 |
| |
Sold |
356 |
| |
Supply |
14.84 |
We currently have 5282 active listings
1303 were listed in the last 30 days and
389 were put under contract or pending.
724 homes expired or didn't sell, and
356 homes sold n the last 30 days.
30 day snapshot on home sales in Tooele County
| 31-May-08 |
Tooele 7 |
|
| |
Active |
609 |
| |
Active -30 |
164 |
| |
U/C -30 |
50 |
| |
Expired |
93 |
| |
Sold |
55 |
| |
Supply |
11.07 |
We currently have 609 active listings
164 were listed in the last 30 days and
50 were put under contract or pending.
93 homes expired or didn't sell, and
55 homes sold n the last 30 days.
30 day snapshot on home sales in Weber County
| 31-May-08 |
Weber 8 |
|
| |
Active |
2316 |
| |
Active -30 |
631 |
| |
U/C -30 |
285 |
| |
Expired |
346 |
| |
Sold |
275 |
| |
Supply |
8.42 |
We currently have 2316 active listings
631 were listed in the last 30 days and
285 were put under contract or pending.
346 homes expired or didn't sell, and
275 homes sold n the last 30 days.
Call me to see how these numbers affect you in your area.
Wednesday, April 9, 2008
It's nice to see the weather warming up a little, and I love these spring time storms. Remember, April Showings brings May Closings!
Our number of active listings is 7595, with 2499 listed in the last 30 days.
1075 have gone under contract, and 1420 have expired.
We sold 892 homes in the last 30 days. We're inching up there, we need to get to the 1000-1200 mark every thirty days to get back to somewhat of a normal state.
Right now, our average time on market is 60 days, with the 200K and below selling much quicker. Homes have been selling for 97-98% of their list price, and the averge price per square foot has been $118-119. Our current average sales price is about $270K, that is up substantially from our low of last November where we bottomed out at 260K. It was clear back in July of '06 since are average price was that low.
We're also seeing a lot of those homes in the first time buyer range starting to sell quickly now.
If you are one of the ones who have expired, and still need to sell, visit my site at www.NoRegretsListing.com to see what I can do for you.
If you need some real help buying, give me a call, and I'll help you get the pre-approval process started.
| 4/9/ |
Salt Lake 1 |
|
| |
Active |
7595 |
| |
Active -30 |
2499 |
| |
U/C -30 |
1075 |
| |
Expired |
1420 |
| |
Sold |
892 |
| |
Supply |
8.51 |
Sunday, March 30, 2008
What is happening to home prices in Salt Lake City?
It is amazing to me. I'm still talking to buyers who are thinking prices are still coming down. When will the bottom hit? What is the bottom? How will you recognize it when it's here? How will you know when it's over? You know the reality is, is that even in a sellers market, prices get reduced. I think a buyer will see a price drop, and immediatley they think "oh, the sky isn't done falling" LOL. It's just plain crazy.
Buyers who are trying to time the bottom, will end up missing it before they even know it's come and gone! Fact is, trying to make finite predictions on the market with pin-point accuracy is impossible. There are just too many variables, there is no way anyone from the public could tell what is going on, and many so-called real estate professionals can't tell either. Oh hell, everyone thinks they have their pulse on the market, and they understand this and that, and that when the FED lowers interest rates, mortgage rates should fall (as if they are the same thing), and there otta be law for this, and on and on and on.
There are many things that have to happen in order for a buyer to buy a home, and that is how they have to happen, ...in order. By the time buyers get their #@$% together to buy, they usually have already missed the best buy. I've missed a hundred best buys. If only...Shoulda...woulda....coulda.....
Which homes and which neighborhoods are popular? What is selling and what isn't? What price bracket sells the quickest? What holds it value longer? What has the greatest resale value? When should I buy? Where should I buy? Who knows the answers to these questions? Who knows how to find the answers to these questions? Where are the answers to these questions? And, when can I get the answer to these questions?
If you don't have to drive your car anywhere, you don't really need to buy gas for it. If you have to drive across town, and you're low on gas, when's the best time to buy gas? Would you just buy enough to get across town, or would you fill up? Would you risk driving across town without getting gas, not getting to your destination because you're sure gas is going to drop tomorrow by a nickel?
This just came out from my lender....
EFFECTIVE MARCH 31, 2008, THE MAXIMUM LTV FOR CONVENTIONAL MORTAGAGES WILL BE 97%. NO MORE FLEX 100 OR MY COMMUNITY MORTGAGE 100. THE MINIMUM FICO SCORE FOR THESE 97% LTV PROGRAMS IS 680.
EFFECTIVE APRIL 11, 2008, UTAH HOUSING WILL RAISE THE MIMIMUM CREDIT SCORE REQUIREMENT TO 660.
AS OF RIGHT NOW, WE CAN STILL DO FHA LOANS WITH DOWN PAYMENT ASSISTANCE PROGRAMS SUCH AS NEHEMIAH.
When is the bottom for mortgages gonna hit? Let's hold off buying until there are no downpayment assistant programs. When will that happen?
Guess what? Nehemiah will be going away soon too. The writing is on the wall. Whle you are waiting for the bottom to bottom out, you are losing money because you're paying rent instead.
You could already be building equity in a home...yes that's right, appreciation is still happening, and writing off your mortgage interest, but no, you had to wait for the bottom. Rising interest rates could cost you more than the money you might save by waiting for the bottom to hit. Even worse, you could lose the ability to qualify for years while waiting for the bottom to hit. And last but not least, it is far easier to absorb 5 or 10 K or even 20K over 30 years than it is to have to come up with an extra 100 dollars every 30 days.
The time to buy is now. The time to sell is now. Bottoms Up! Oh, and by the way, if you really want the answer to these questions, call me. I know.
Thursday, March 20, 2008
Here's the latest sales stats for the greater Salt Lake City UT real estate market.
The market continues to improve, even with the roller coast ride we are experiencing in the mortgage arena. So far the inventory is holding fairly steady, we have been adding about a hundred new listings every week. The number of sales have increased every week, and our absorption rate is dropping every week. All good signs that indicate an improving market. Still a very strong buyers market.
Average tme on market for Salt Lake county is 59 days, less in the lower price brackets, and more in the higher price brackets.
Currently 7357 active listings in Salt Lake county.
2556 were listed in the last 30 days.
1094 properties were put under contract or pending.
1094 properties have expired.
831 propertieswere sold or closed in the last 30 days.
If we continue at this current rate, we have about an 8 month supply of property.
If you are thinking of selling or buyind, contact me to see what this means for your specific area, and price bracket.
| 20-Mar |
Salt Lake 1 |
|
| |
Active |
7357 |
| |
Active -30 |
2556 |
| |
U/C -30 |
1094 |
| |
Expired |
1650 |
| |
Sold |
831 |
| |
Supply |
8.85 |
Tuesday, March 11, 2008
Here's this weeks stats for the greater Salt Lake City UT Real Estate market, and all of Salt Lake County.
As you can see if you view some of my older posts, the market is steadily improving!
| 12-Mar |
Salt Lake 1 |
|
| |
Active |
7217 |
| |
Active -30 |
2399 |
| |
U/C -30 |
1052 |
| |
Expired |
1721 |
| |
Sold |
753 |
| |
Supply |
9.58 |
Graph showing Salt Lake County Homes Sold per quarter.
The green line is total number of homes listed
The blue line is average sold price
The red line is total number of homes sold
Thursday, March 6, 2008
Below is a summary of what has been happening in Salt Lake County and the greater Salt Lake City UT Real Estate market. For questions, feel free to email me. As you can see, we're still in a strong buyers market, but overall, the market is improving.
| 1/17/2008 |
Salt Lake 1 |
|
| |
Active |
7102 |
| |
Active -30 |
2575 |
| |
U/C -30 |
827 |
| |
Expired |
1808 |
| |
Sold |
550 |
| |
Supply |
12.91 |
| |
|
|
| 2/1/2008 |
Salt Lake 1 |
|
| |
Active |
7098 |
| |
Active -30 |
2572 |
| |
U/C -30 |
831 |
| |
Expired |
1975 |
| |
Sold |
534 |
| |
Supply |
13.29 |
| |
|
|
| 2/7/2008 |
Salt Lake 1 |
|
| |
Active |
7136 |
| |
Active -30 |
2532 |
| |
U/C -30 |
817 |
| |
Expired |
1852 |
| |
Sold |
544 |
| |
Supply |
13.12 |
| |
|
|
| 15-Feb |
Salt Lake 1 |
|
| |
Active |
7106 |
| |
Active -30 |
2414 |
| |
U/C -30 |
917 |
| |
Expired |
1814 |
| |
Sold |
582 |
| |
Supply |
12.21 |
| |
|
|
| 20-Feb |
Salt Lake 1 |
|
| |
Active |
7082 |
| |
Active -30 |
2339 |
| |
U/C -30 |
965 |
| |
Expired |
1708 |
| |
Sold |
601 |
| |
Supply |
11.78 |
| |
|
|
| 6-Mar |
Salt Lake 1 |
|
| |
Active |
7106 |
| |
Active -30 |
2297 |
| |
U/C -30 |
985 |
| |
Expired |
1732 |
| |
Sold |
696 |
| |
Supply |
10.21 |
Thursday, March 6, 2008
The FHA loan limits for the Salt Lake City UT area and all of Salt Lake County have been increased to $729,750 !!!
Wednesday, January 2, 2008
Searching for Salt Lake City UT Area Homes and Land
Are you frustrated with Agents and your home search? Are you having a hard time getting help, getting somebody to answer the phone? Vist us at www.GotHome.us, search all the active homes for sale. Then give us a call, and we'll show you all the homes you want to see. Instant service!
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