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Local Market Update

Salt Lake Home Sales Increase Again, Prices Down Again

April 14, 2010 by DFAadminTT Leave a Comment

 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…]

Posted in: Blog, Local Market Update Tagged: salt lake home for sale, Salt Lake market statistics

Are First Time Buyers Dominating the Salt Lake Market?

March 3, 2010 by DFAadminTT Leave a Comment

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…]

Posted in: Blog, For Buyers, Local Market Update Tagged: homebuyer tax credit, homebuyers, salt lake city

Good News and Bad for Salt Lake Metro in 4th Quarter

March 2, 2010 by DFAadminTT Leave a Comment

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…]

Posted in: Blog, Local Market Update

Home Prices Increase in Cottonwood Heights

February 2, 2010 by DFAadminTT Leave a Comment

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…]

Posted in: Blog, For Buyers, For Sellers, Local Market Update, Neighborhoods Tagged: cottonwood heights, homebuyers, homes for sale, salt lake city

West Valley City is a Hotspot for Homebuyers

January 19, 2010 by DFAadminTT Leave a Comment

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…]

Posted in: Blog, For Buyers, Local Market Update, Neighborhoods Tagged: homebuyers, market statistic, west valley city

West Valley City Home Prices Drop

January 18, 2010 by DFAadminTT Leave a Comment

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…]

Posted in: Blog, For Buyers, Local Market Update, Neighborhoods Tagged: homebuyers, market statistic, west valley city
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