Preliminary numbers are in for Salt Lake home sales in the first quarter of 2010, and the trend continues. The number of homes sold rose 15% compared to the first quarter of 2009. The median sales price was down by 7.6%. Number of days on the market decreased to from 107 to 85 and the percentage of … [Read more…]
Salt Lake fourth quarter sales numbers were up more than 40% compared to the same quarter of 2008. You might wonder how much of the increase was due to the first-time homebuyer tax credit. Of 3,080 sales, 1435 (47%), were under $200,000. During the same period in 2008, there were 2186 total sales and 814 … [Read more…]
Fourth quarter statistics for Salt Lake City home sales brings mixed news. Prices are down from a year ago, we all know that. But the number of sales is up by 39% for single family homes and by 51% for condos. In other good news, the median number of days on the market is down by 14%, 67 days … [Read more…]
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…]
Opportunity abounds in West Valley City. Sales prices are down throughout Salt Lake County, but particularly so in West Valley. From a peak of $193,000 in 2007, the median sales price for a home has slid 15%. Stats from the 4th quarter of 2009 show the average home selling for $165,000. This is not good news if you’re … [Read more…]
In 2007, at the height of the real estate market, you would have paid $197,000 for the average West Valley City home. By the end of 2009, you could have bought the same home for $165,000, a drop of 15%. This outpaces the numbers for Salt Lake County as a whole, which saw a 13% decrease … [Read more…]