The Salt Lake Utah homes for sale report for July 1,2009 shows 7551 homes or condos listed in Salt Lake County. Fifteen hundred seventy six (20.8%) of these homes are condominiums.
The information contained in this Salt Lake Real Estate market analysis is provided by the Wasatch Front MLS, from home listings supplied by Realtors from around the Salt Lake Valley.
While the numbers are from the MLS, any commentary is the opinion of Group1 Real Estate Agents. It is just that, an opinion, not legal or accounting advise, or recommendations outside the agents area of expertise.
This report will not include most of the homes for sale by owner, (FSBOs) as these houses are rarely listed across the MLS. However it should be noted that a very high percentage of these homes/condos are sold by Utah Realtors.
Likewise New Homes, (new construction).
Most builders employ agents to sell their own homes/condos from Model Home complexes. Most of the time these new homes are not listed, and the sales agent is an employee, (paid by) the new home builder. Good examples of this would be the Daybreak community in South Jordan and Rosecrest in Herriman UT. Both of these communities have an extensive model home presence.
Keep in mind that unless you take your own agent to view the Models, you have no representation. You should.
It's FREE!!! Read how to shop for a new home.
Whether you are a Real Estate Investor, home buyer, or part of a family that is considering re-locating to Salt Lake County, or any other town in the Salt Lake Valley, we hope you will find this report helpful. and the Real Estate information timely.
Homes for sale in Salt Lake UT:
There are 7551 homes for sale in Salt Lake County, as of 01/07/09
Over 20%, or 1576 of these are Condominiums.
Single family detached homes for sale in Salt lake County number 5975.
Salt Lake Homes activity last thirty days:
In the last thirty days,1898 new home listings have been added.
Three hundred fifty five of these were condos, which is slightly less than the the historical mix. (6%).
Nine hundred ninety nine Salt Lake homes were sold and closed in that same time frame.
1147 new contracts were written by Salt Lake Realtors. 187 of these were Salt Lake Condominiums.
Bank Owned, foreclosures, HUD homes, And homes that need 3rd party approval:
The total number of distressed homes listed on the MLS in Salt Lake is 1299
That's a little over over 17% of the total homes listed.
This number is almost exactly the same percentage of troubled properties listed as last year.
Two hundred sixty two of these homes/condos have been added within the last 30 days.
999 of these homes have sold in the first half of the year.
One hundred sixty two of these sold w/in the last 30 days.
187 distressed properties were placed under contract last month.
About Salt Lake homes for sale:
The most telling statistic to be found in this report on SLC homes is the small percentage of distressed homes listed in the Salt Lake Market. In many areas of the country that percentage of foreclosed homes for sale or pre-foreclosures as a percentage of listings approaches 45%. While there are pockets of new construction projects that contributed a large number of new home foreclosures such as Parry Farms in Bluffdale UT and a number of high end homes in Herriman most areas have room to sell in an ordinary Real Estate negotiation.
New home construction has slowed down with only the large, well financed builders being active. The good news is two fold, one, there are some real opportunities for the real investors in Salt Lake, with more cropping up every day. Secondly, Builders of New Homes will bring to market homes with greater appeal to the most dynamic portion of the housing market; entry level buyers. IE: Condominiums, and P.U.Ds with starter homes for first time home buyers.
We hope this report, and companion reports featuring homes for sale in other towns in the Salt lake metroplex have been helpful. look for market statistics for Sandy City, South Jordan and West Jordan on this same site.
To have a look at the 7550 homes for sale in Salt Lake, go to our web-site @ Salt Lake Homes. You can access pictures, prices, Maps, directions and pertinent information about homes available across the Salt Lake Valley.
To talk to a real live Realtor call 801-567-0946. For any additional Real Estate Information stop by Salt Lake Real Estate and enjoy hundreds of tips about the home buying process. Whether you are looking for a Real Estate Investment or a house to look at, you can find it there. And it's FREE.
Thanks for being here and thanks for reading the Salt Lake Homes For Sale Report July 1/09.
Published Wednesday, July 01, 2009 9:29 AM by Corie Seymour
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