For Sellers
SALT LAKE HOME PRICES SURGE
Home prices climbed in the second quarter of 2013, marking 15 consecutive months of rising prices, according to the Salt Lake Board of Realtors®. The median single-family home price in the April through June period in Salt Lake County increased to $249,700, up 17.2 percent compared to $213,000 in the second quarter of 2012. Since … [Read more…]
Salt Lake Foreclosure Rate Doubles. What’s Up with That?
Headline in today’s Tribune: Salt Lake Hardest Hit in Housing. In the first quarter of this year, 5,155 property owners in the Salt Lake metro area, 1 in every 77 properties, received a foreclosure-related notice. This number is 101% higher than the first quarter of 2009 and the biggest increase in the US. Nationally, foreclosure filings rose only 16%. These numbers … [Read more…]
Homebuyer tax credit nudges Salt Lake buyers off the fence
2010 brings a new and improved Homebuyer Tax Credit. Those buyers who missed out on the 2009 credit, can still claim up to $8000. And with 30-year mortgages still in the 5% range and sales prices in Salt Lake City down as much as 15% from their 2007 peak, what more could a qualified buyer ask for? Both first-time and current … [Read more…]
Home Prices Increase in Cottonwood Heights
Cottonwood Heights (zipcode 84121) is one of a very few areas on the Salt Lake City front where prices aren’t dropping. The median selling price for a single family home in the 4th quarter of last year was $312,000, up by $18,000 from the 3rd quarter stats. In fact, 84121 sales prices have been increasing steadily over the … [Read more…]