Last weeks post that identified Salt Lake Foreclosures, where they were and what home buyers were actually paying for them, was a big hit.
We got calls about just about every community in the Salt Lake Area.
There was a lot of interest in Salt Lake Foreclosures In South Jordan UT, and we have been asked to do the "how much have the homes sold for in S. Jordan" to determine how much to offer on the foreclosed homes we want to buy. Needless to say, our blog on how much to offer on Salt Lake Foreclosures will become a monthly staple.
A lot of potential home buyers asked if we would comment on individual areas or Zip codes in Salt Lake City.
Yesterday we started our series by checking out Foreclosures in Sandy UT.
Today it will be foreclosed homes in South Jordan UT, and actual sales of houses in Zip code 84095 over the last 30 days.
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.
Many potential Home Buyers have heard that you can buy these Homes or Condominiums for pennies on the dollar.
Ads on Radio, TV, and in newspapers support these falsehoods by making unbelievable claims about instant wealth available to investors that invest in Salt Lake Foreclosed Homes.
Heres how we find out 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 other words we are going to tell you what actually happened in a time frame that is meaningful to your needs.
In the words of Flip Wilson. We are going to tell you "WHAT'S HAPPENING NOW"
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 South Jordan Utah-10/14/09
There are 41 Foreclosed homes/condominiums listed for sale in South Jordan Utah.
6 of those houses/condos were listed in the last 30 days.
11 homes were put under contract since 9/14/02 in South Jordan UT.
In the last 30 days, 3 South Jordan Foreclosures have been sold.
Total listed price of Foreclosed homes sold w/in last 30 days was $849,900.
The homes ranged in price between $219,900 & $330,000.
Average listed price of South Jordan UT Foreclosures sold in the last 30 days was $280,900dollars.
Average sq. ft. of South Jordan Foreclosures was 3513 Square Feet.
That is a foreclosed listed price of $79.97 dollars a ft. in Sth.Jordan Utah.
The average price of the REO homes sold in the last 30 days was $272,848.
Sales Price per Sq. Ft. on foreclosures in South Jordan UT was $77.67
Salt Lake Zip codes for sales was 84095 .
Days on market were less than 45 days.
These numbers do not include any short sales or pre-foreclosures in South Jordan Utah.
Banks discounted Foreclosures in South Jordan Utah, Less than 3% on sales from 9/14/09 to 10/14/09.
Now you have an accurate understanding of what has actually happened with those South Jordan 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, 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 South Jordan Utah and how much you should offer on that foreclosed home.
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