market reports: Sandy City Utah home Sales - June 2007 - 07/13/07 11:16 PM
Sandy City home values fell slightly during the 2nd quarter and have softened to a 1.3% increase over 2nd quarter 2006 values. June values show a sharp increase. However, it is due to a larger number of homes above 5 bedrooms closing in June and is not representative of the Sandy City market
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market reports: West Valley City Home Sales - June 2007 - 07/13/07 11:10 PM
West Valley City Utah home sales went through a major transition in June. Home values continued to rise by 1.7% for the month of June and were 28% higher than they were in June 2006. In just the last 6 months West Valley home prices have increased by 15.6%. That is the
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market reports: West Jordan Utah Home Sales - June 2007 - 07/13/07 11:03 PM
West Jordan home prices continue to rise but at a much slower pace. June prices were only 9% higher than last year and were 5.8% higher than prices at the end of 2006. The slowing is certainly due to the increased inventory and the length of time it is taking to
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market reports: Salt Lake City Home Sales - June 2007 - 07/13/07 10:57 PM
The average home price in Salt Lake City continues to increase despite continually dropping sales volume and increasing inventories. The number of homes sold during the second quarter are 20% lower than the 2nd quarter 2006 and and 25% less than the 2nd quarter 2005. The number of listings available continues
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market reports: June Home Sales - Bluffdale / Herriman / Riverton Utah - 07/13/07 10:51 PM
Bluffdale, Herriman, and Riverton Utah home sales are in the tank. While home prices are still higher than the same month in 2006 the amount of increase is decreasing. Second quarter 2007 home prices are 15.1% higher than second quarter 2006. The real difference will begin to show in the upcoming
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market reports: South Jordan Utah Home Sales - June 2007 - 07/13/07 10:39 PM
South Jordan home prices continued to decline in June and for the first time fell below values from the prior year. June 2007 prices were 7.5% lower than they were in June 2006. Though prices declined steadily during the 2nd quarter they are still 5.2% higher than home prices at year-end. So it could
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market reports: Buyer or Sellers Market? Absorption Rate is The Key! - 07/07/07 02:02 PM
Buyers and Sellers all pretty much ask the same questions. So it's not really to difficult for real estate agents that are active in the market to answer their clients questions. But there is one question most realtors struggle a little with. And yet, it is one of the most important
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market reports: Salt Lake City Real Estate - June 2007 Home Absorption - 07/06/07 04:57 PM
The time it takes to sell a home in the Salt Lake Metropolitan area continues to increase. Of the 17 cities tracked in Salt Lake County only three (Midvale, Taylorsville, & Magna) are still considered a Sellers market. Bluffdale, Herriman, and Riverton increased significantly from 7.7 months to 13.9, an increase
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market reports: Magna Utah Home Values up 18% Since Year-End! - 06/16/07 10:20 PM
Magna home values are up 18% since year-end! It is clearly the hottest market in Salt Lake County. Home values have increased steadily this year and sales volume has kept a close pace with the records numbers of 2006. Will it continue? I believe it will. Look at the absorption rate of 3.4
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market reports: Kearns Utah Housing Report - May 2007 - 06/16/07 09:52 PM
Kearns and West Valley City have very similar statistics. They are the 2 hottest real estate markets in Salt Lake County. Kearns home values have increased 13.2% since the end of the year. May 2007 average home values are 27.4% higher than May 2006. Monthly increases continue and are likely to continue
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market reports: Taylorsville Utah Housing Report - May 2007 - 06/16/07 06:16 PM
Taylorsville Utah home values have fluctuated wildly over the last few months but year to-date they are up 7.1%. May 2007 values are 17% higher than May 2007. Taylorsville home values are strong and are expected to keep rising as first-time buyers keep looking for homes. The volume of home sales
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market reports: West Jordan Housing Report - May 2007 - 06/16/07 05:26 PM
West Jordan home values have increased approx 8.2% since the end of the year and have increased about 3% each in April and May. West Jordan values are strong and continue to rise. Home values in May were 21% higher than in May 2007. Though home values are up, the number
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market reports: West Valley City Housing Report - May 2007 - 06/16/07 04:57 PM
West Valley City is still one of the hottest home markets in Salt Lake County. Home values have increased every month in 2007 and in May were nearly 22% higher than what they were in May 2006. Not only are home values strong but the number of homes sold has stayed
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market reports: South Jordan Utah Housing Report - May 2007 - 06/16/07 04:54 PM
South Jordan home sales are pretty much in the tank. Values increased over March and April but declined as sellers finally negotiated a sale. May home values were only 2.8% higher than prices in May 2006. That is one of the smallest annual increases in Salt Lake County. A bigger concern for
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market reports: Salt Lake County - Home Absorption Rates - May 2007 - 06/14/07 07:56 PM
Are we in a buyers or a sellers market? How do we know which market we are in? If you ask most real estate agents if we are in a buyers or a sellers market they will start talking to you about "Days On Market" (DOM). DOM is a number computed by the
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market reports: Housing Market Report for Midvale, UT - May 2007 - 06/10/07 05:50 PM
The Midvale housing market is one of the strongest in the Salt Lake Valley. Though home values dipped a little in May, they are still 16% higher than they were in January and 28% higher than May 2006. The number of homes sold also dipped slightly in May but was only
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market reports: Housing Report for Salt Lake County, UT - May 2007 - 06/10/07 05:47 PM
The value of homes in Salt Lake County continues to increase despite national reports of a housing crisis and national decline in values. In our February Market forecast we mentioned that Fortune and Moodys were forecasting a 5.4% overall increase for Salt Lake in 2007. For the 5 months ending May
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market reports: Housing Report for Draper, UT - May 2007 - 06/10/07 04:45 PM
Draper home sales are in the tank. Home values have declined every month since December 2006. May values are very low and must be due to more townhomes being sold that detached. I'll expect June values to recover, but still be lower than March and April. The number of homes sold
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market reports: Housing Report fot Cottonwood Heights, UT - May 2007 - 06/10/07 04:40 PM
Cottonwood Heights home values have had the most aggressive growth in the Salt Lake Valley. Values for May 2007 were 36% higher than May 2006 and seem to be holding strong. The number of homes sold is down 18% from the number of homes sold in May 2006 but seems to
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market reports: Sandy City Utah Home Sales Market Report - May 2007 - 06/09/07 09:05 PM
Sandy home sales are flat. Volumes have fluctuated around 100 homes per month which is around 30% fewer homes than sold per month in 2006. Home values have also fluctuated over the last four months but at the end of May they are $500 higher than they were at the end
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market reports: Murray Utah Home Sales Market Report - May 2007 - 06/09/07 08:04 PM
Murray home values increased 6.62% from last month and have increased almost 9% since the first of the year. The increase in home values over May 2006 is a consistent 20%. The number of homes sold in Murray only averages 15 per month and has been very flat over the last 5
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market reports: Holladay Utah Market Report - May 2007 - 06/09/07 07:34 PM
Holladay Utah Home values declined slightly for the second straight month but are still almost 30% higher than they were in May 2006. Holladay has historically maintained strong home values and I'm confident the slight decline is more a market mix of homes sold in the area versus a city-wide decline in
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market reports: South Salt Lake Market Report - May 2007 - 06/09/07 07:06 PM
South Salt Lake Home sales are still hot. Though the average price of homes sold dropped 5% from April they are still almost 24% higher than May 2006. The volume of homes sold is virtually unchanged over last month and is consistent near the same volume of sales as last year. The saturation rate
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market reports: Salt Lake City Market Report - May 2007 - 06/09/07 06:07 PM
Salt Lake City Home sales increased 26% in May over April but is still 14% under sales for May 2006. The average sold price for homes increased almost 5% over April figures and are almost 14% higher than May 2007. The saturation rate (number of months it would take to sell all
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market reports: West Valley City Utah - Home Sales Report - April 2007 - 05/29/07 05:42 PM
West Valley City Home & Condo Sales Report West Valley City home sales decreased 5% from March 2007 and declined 2% from April 2006. Home values were flat with 1% growth from March 2007 but were up 26% from their April 2006 levels. Days on market decreased by 9% from March 2007 and were flat with a 3% decline compared to April 2006. For more information on West Valley home &
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market reports: Salt Lake County Home & Condo Sales Report - April 2007 - 05/29/07 05:36 PM
Salt Lake County Home & Condo Sales Report Salt Lake County home sales decreased 11% from March 2007 and declined 12% from April 2006. Home values dropped 5% from March 2007 but were up 13% from their April 2006 levels. Days on market shortened 15% from March 2007 and were flat with at 33 compared to April 2006. Overall the market in salt Lake County is strong. We have seen a reduction in
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market reports: South Jordan Utah Home and Condo Sales Report - April 2007 - 05/29/07 02:33 PM
South Jordan Home & Condo Sales Report South Jordan Home sales decreased 24% from March 2007 and also decreased 24% from April 2006. Home values increased 3% from March 2007 and were up 11% from their April 2006 levels. Days on market shortened by 6% from March 2007 but increased a lengthy 75% from April 2006. For additional information on home and condo sales in south Jordan
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market reports: Bluffdale / Herriman / Riverton Utah Home & Condo Sales Report - April 2007 - 05/29/07 02:28 PM
Bluffdale / Herriman / Riverton Home & Condo Sales Report Home sales decreased 26% from March 2007 and decreased a dramatic 46% from April 2006. Home values decreased 2% from March 2007 but were up 11% from their April 2006 levels. Days on market shortened by 14% from March and shortened 7% from April 2006. For additional information on Bluffdale / Herriman / Riverton home and condo
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market reports: Midvale Utah Home & Condo Sales Report - April 2007 - 05/29/07 02:22 PM
Midvale Home & Condo Sales Report Midvale home sales increased 26% from March 2007 and increased 16% from April 2006. Home values increased 18% from March 2007 and were up a healthy 35% from their April 2006 levels. Days on market increased a nominal 3% from March but shortened 7% from April 2006. For additional information on Midvale City home and condo sales visit our post
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market reports: Draper Utah Home & Condo Sales Report - April 2007 - 05/29/07 01:03 PM
Draper Home & Condo Sales Report Draper home sales declined 44% from March 2007 and declined 25% from April 2006. Home values declined 1.75% from March 2007 but were up 19% from their April 2006 levels. Days on market increased by 26% from March and increased 57% from April 2006. Draper home values remain stable though sales volume has declined dramatically. Buyers seem to be holding off on homes
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market reports: Sandy Utah Home & Condo sales Report - april 2007 - 05/29/07 12:50 PM
Sandy Home & Condo Sales Report Sandy home sales declined 17% from March 2007 and declined 26% from April 2006. Home values declined 10% from March 2007 but were up 11% from their April 2006 levels. Days on market shortened by 14% from March but increased 16% from April 2006. Sandy home values remain strong though sales volume has declined dramatically. Buyers demand is still
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market reports: Holladay Utah Home & Condo Sales Report - April 2007 - 05/29/07 12:43 PM
Holladay home sales increased 31% from March 2007 but declined 22% from April 2006. Home values declined 1.5% from March 2007 and were up 12% from their April 2006 levels. Days on market shortened by 27% from March but increased 12% from April 2006. Holladay home values remain strong as usual. Volume is down compared to 2006 levels but that
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market reports: Murray Utah Home & Condo Sales Report - April 2007 - 05/29/07 12:39 PM
Murray April 2007 Home & Condo Sales Report Murray home sales increased 7% from March 2007 but declined 36% from April 2006. Home values increased 1.5% from March 2007 and were up 23% from their April 2006 levels. Days on market shortened by 19% from March and 53% from April 2006. Sales are strong at 17 days on market. Murray values increased compared to the
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market reports: South Salt Lake Home & Condo Sales Report - April 2007 - 05/29/07 12:32 PM
South Salt Lake April 2007 Home & Condo Sales Report South Salt Lake home sales increased 14% from March 2007 and declined 29% from April 2006. Home values increased 14% from March 2007 and were up a whopping 37% from their April 2006 levels. Days on market shortened by 43% from March and his holding strong at 17 days. South
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market reports: Salt Lake City April 2007 Market Report - 05/14/07 06:54 PM
Salt Lake City March 2007 Home & Condo Sales Report Salt Lake City home sales declined 2.19% from March 2007 and 18.99% from April 2006. Home values declined 2.19% from March 2007 but were up almost 16% from their April 2006 levels. Days on market shortened by 7% from March and his holding strong at
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market reports: West Valley City Home Sales Report - March 2007 - 05/06/07 06:18 PM
West Valley City Homes sold dips 16% while home values increase a staggering 33%! This is a quick analysis of the West Valley City residential Real Estate market comparing March 2006 home and condo sales activity to March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis.
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market reports: West Jordan Home & Condo Sales Report - March 2007 - 05/06/07 05:54 PM
West Jordan Utah homes sales decline 15% but values rise 19%. West Jordan market remains strong despite the decline in the number of homes sold. Prices have increased 19.10% and days on market, while increasing is still only 33 days. Condo sales volume has also declined and consistent with homes, condo values increased 16.01% West Jordan
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market reports: South Jordan Utah Homes Values Market Report - March 2007 - 05/06/07 03:57 PM
South Jordan Utah homes sales are flat but values rise 21%. South Jordan is considered the Jewel of the Southwest part of Salt Lake County. The following table compares home and condo sales in Sandy Utah between March 2006 and March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis. Quarterly
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market reports: Bluffdale / Herriman / Riverton Utah March 2007 Home Sales Report - 05/06/07 03:20 PM
Bluffdale / Herriman / Riverton Utah homes sales plunge 44.92% while values rise 23.97%. The tri-city zone in the southwest corner of the valley has seen the largest slow down in homes sold in the Salt Lake County. The following table compares home and condo sales in Bluffdale / Herriman / Riverton Utah between March 2006 and March 2007.
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market reports: Midvale Utah March 2007 Home & Condo Sales Report - 05/06/07 02:38 PM
Midvale Utah home values rise 15%. Home sales dipped 14.81% but home values remained strong with a 15.34% increase. The following table compares home and condo sales in Midvale Utah between March 2006 and March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis. Quarterly and trend analysis are much
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market reports: Sandy Utah March 2007 Homes Sales Market Report - 05/04/07 05:30 PM
Sandy Utah homes sales drop 22.06% while values rise 35.90%. The following table compares home and condo sales in Sandy Utah between March 2006 and March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis. Quarterly and trend analysis are much more meaningful than isolating a single month. But,
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market reports: Murray Utah March 2007 Home Sales Market Report - 05/04/07 03:43 PM
Murray Utah homes sales drop 31.58% while values rise 24.94%. The following table compares home and condo sales in Murray Utah between March 2006 and March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis. Quarterly and trend analysis are much more meaningful than isolating a single month.
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market reports: Holladay Utah March 2007 Home Sales Market Report - 05/04/07 02:37 PM
Holladay homes sales drop 21.5% while values rise 26.36% The following table compares home and condo sales in Holladay Utah between March 2006 and March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis. Quarterly and trend analysis are much more meaningful than isolating a single
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market reports: Salt Lake City March 2007 Real Estate Market Update - 05/03/07 09:24 PM
This is a quick analysis of the Salt Lake City residential Real Estate market comparing March 2006 home and condo sales activity to March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis. Quarterly and trend analysis are much more meaningful than isolating a
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market reports: Salt Lake Home Values - Bucking The National Trend - 04/25/07 05:01 PM
Almost daily we see news articles on the sagging real estate market throughout the country. MSNBC reports that March sales plunged by the largest amount in 18 years, the Deseret News carried an Associated Press article warning that the "seasonally adjusted rate dropped 3.9% dimming hopes for a rebound in the troubled
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market reports: West Valley City, Utah Housing Market Report – 1st Qtr 2007 - 04/10/07 12:25 PM
West Valley City is growing like crazy. Have you driven along 5600 West lately and seen all the new commercial real estate developments? Investors, take notice! But, how have the homes values done? If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. West Valley
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market reports: South Jordan, Utah Housing Market Report – 1st Qtr 2007 - 04/10/07 11:41 AM
South Jordan has typically been a safe haven for real estate values. So, how has it fared in the last year? If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. South Jordan ranked 7th in Salt Lake County for growth in home and condo
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market reports: Draper City, Utah Housing Market Report – 1st Qtr 2007 - 04/09/07 04:51 PM
Draper residents are anxious to hear how we did in home appreciation compared to last year and especially compared to 2007 real estate projections. If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. Draper City ranked 3rd in Salt Lake County for growth in
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market reports: Sandy City, Utah Housing Market Report – 1st Qtr 2007 - 04/09/07 04:06 PM
Sandy City residents are anxious to hear how we did in home appreciation compared to last year and especially compared to 2007 real estate projections. If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. Sandy City ranked 6th in Salt Lake County for growth
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market reports: Kearns, Utah Housing Market Report – 1st Qtr 2007 - 04/09/07 02:44 PM
Kearns residents are anxious to hear how we did in home appreciation compared to last year and especially compared to 2007 real estate projections. If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. Kearns ranked 5th in Salt Lake County for growth in home
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market reports: West Jordan, Utah Housing Market Report - 1st Qtr 2007 - 04/06/07 02:09 PM
West Jordan Utah residents are anxious to hear how we did in home appreciation compared to last year and especially compared to 2007 real estate projections. If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. West Jordan ranked 4th in Salt Lake County for growth in
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market reports: South Salt Lake, Utah Housing Market Report - 1st Qtr 2007 - 04/06/07 01:14 PM
The numbers are in and South Salt Lake residents are anxious to hear how we did in home appreciation compared to last year and especially compared to 2007 real estate projections. If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. At #2 in the city rankings
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market reports: Bluffdale / Herriman / Riverton, Utah Housing Market Report – 1st Qtr 2007 - 04/05/07 12:14 PM
Unfortunately, Bluffdale, Herriman and Riverton are still all in the same zip code, 84065. It makes it difficult to provide a meaningful analysis of their market, but we'll try. For the post we'll refer the three to "South Valley". If you recall, Utah ranked #1 in appreciation in 2007 with an increase
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market reports: Murray, Utah Housing Market Report - 1st Qtr 2007 - 04/04/07 05:22 PM
The numbers are in and Murray, Utah residents are anxious to hear how we did in home appreciation compared to last year and especially compared to projections. If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. And the Salt Lake Metropolitan area, which included Murray, was
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market reports: Holladay Housing Market Report - 1st Qtr 2007 - 04/04/07 02:16 PM
The numbers are in and Holladay, Utah residents are anxious to hear how we did in home appreciation compared to last year and especially compared to projections. If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. And the Salt Lake Metropolitan area, which included Holladay, was
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market reports: Salt Lake City Housing Market Report – 1st Qtr 2007 - 04/04/07 12:32 PM
The numbers are in and Salt Lake City residents are anxious to hear how we did in home appreciation compared to last year and especially compared to projections. If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%. And the Salt Lake Metropolitan area was forecasted to
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market reports: Salt Lake Market forecasted among the best of the best - 03/22/07 01:46 PM
Salt Lake City has had some pretty good press lately about our residential real estate market and overall economy. Most recently Fortune engaged Moody's Economy.com and Fiserv Lending Solutions to look into their crystal ball and tell us which housing markets will be winners in the near future. Their outlook is as expected
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market reports: Utah Home Prices Rank Highest Increase in 2007 - 03/21/07 09:14 PM
Utah slept while most of the nation experienced the largest housing boom in 20 years. Then when most states slow to a snails pace and some experience a correction, Utah leaps to the top. We frequently seem to buck the national trend. Based on the recent report from (OFHEO) the Office of
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