Salt Lake Foreclosures In Sandy UT-How Much To Offer?

Our blog on how much to offer on Salt Lake Foreclosures received a lot of comments last week.

A lot of potential home buyers asked if we would comment on individual  areas or Zip codes in Salt Lake City.

Sandy Utah was most often mentioned, so we will start with Foreclosures in Sandy UT.

There is a lot of confusion out there about how much to offer the bank or corporation that has taken back homes thru foreclosure and is now listing these homes on the MLS.

Folks have heard that you can buy these Homes or Condominiums for pennies on the dollar. Ads on Radio, TV, and in newspapers make unbelievable claims about instant wealth available to investors that invest in Salt Lake Foreclosed Homes.

Heres the truth.

Rather than disprove these claims, we are going to take a more direct approach, and simply list for you the listed price vs the actual sales price of Salt Lake foreclosure homes that have closed in the last thirty days.

In addition, so that you can make your own analysis of the SLC housing market we will include other information such as days on market, length of time from offer to closing, neighborhood, zip codes, etc:

Overview Of Salt Lake Foreclosures In Sandy UT-10/14/09

There are 35 Foreclosed homes/condominiums listed for sale in Sandy Utah.

10 of those houses/condos were listed in the last 30 days.

11 homes were put under contract since 9/14/02 in Sandy UT.

In the last 30 days, 4 Sandy Foreclosures have been sold. 

Total listed price of Foreclosed homes sold w/in last 30 days was $766,000.

The homes ranged in price between $168,000 & $239,000.

Average price of Sandy UT Foreclosures sold in the last 30 days was $191,500 dollars.

Average sq. ft. of Sandy Foreclosures was 1841 Square Feet. 

That is a foreclosed listed price of $104 dollars a ft. in Sandy Utah.

The price of the homes sold in the last 30 days was $713,000.

Sales Price per Sq. Ft. on foreclosures in Sandy UT was $96.88. 

Salt Lake Zip codes for sales were 84070, and 84093.
 
Days on market were less than 20 days.
 

Banks discounted Foreclosures in Sandy Utah, 6.9%.on sales from 9/14/09 to 10/14/09.

Now you have an accurate understanding of what has actually happened with those Sandy UT homes that banks have taken back into their own ownership through the foreclosure process. (REOs).

For an accurate list of all of the Salt Lake Bank Owned Homes and Foreclosures in Salt Lake you can go directly to SLC FORECLOSURES and see almost all of the REO homes that are listed for sale on the MLS.

If you would like more information on how to buy Utah foreclosures, browse the SLC Blog for articles and tips on buying that home or condominium. 

To see reports on other Salt Lake Cities IE: West Jordan, South Jordan, Draper UT, Riverton UT, Murray UT, and Downtown Salt Lake, check back here often as we will cover each city every 30 days so that you will be on top of the Real Estate market in Salt Lake City.

Or you can just call us @ 801-567-0946. We love to talk about Salt Lake Real Estate, and Salt Lake Foreclosures In Sandy Utah and how much you should offer on that foreclosed home.