What Are Salt Lake Listed Homes For Sale Selling For?

What Are Salt Lake Listed Homes For Sale Selling For?

Ever wonder what Salt Lake Listed Homes For Sale are selling for?.... I do.

Every day, every week, every month.

It's important that I find out !

That's part of my job, and absolutely necessary if I am going to give advise about trying to buy a Home listed for sale in Salt Lake.

That's why I read with interest, the article by Bill Heiner in this weekends Tribune titled " HOME PRICES ARE DOWN, BUT SALES ARE SOARING".

I was shocked by that headline, because that is not what I was seeing in the Salt Lake market.

Not only was I shocked, but was concerned that I was passing on incorrect Real Estate information to our clients.

After all Mr. Heiner is the President of the Salt Lake Board of REALTORS.     

But, after reading further I realized that like most every article written about Home sales, Condominium listings, absorption rates, New Construction starts, or any other market report designed to assist home buyers make a decision, It's about 3 months behind the time.

We think it's important, that we know what's happening Now. This month !

Bill is charged with presenting the big picture. Comparing statistics on National, State and maybe Salt Lake  County, for a year or a quarter. Helping us spot trends and shifts in the Real Estate Market.

We on the other hand need to see what Houses or Condominiums  cost today in Salt Lake County. a City in Salt Lake or maybe even a neighborhood in that city.

So, instead of reporting that prices are falling in Salt Lake, but that home sales are up, we are going to report the following.

Listed Homes For Sale In Salt Lake Report:

          May housing/condo sales were down 14.4% from April sales of 1,026 homes in Salt Lake County.

          Salt Lake home sales were down 8% from the 959 houses sold one year ago.

          Average price of a Salt Lake County Home or Condo was $251,180. Within 1% of the previous month.

          Salt Lake average price was down almost 8% from last years price.

          Cost per square foot has decreased less than $5.00 over the last year, and is the same @ $104.75 as last month.

Those are the numbers supplied by the Salt Lake MLS ( Wasatch Front Regional MLS), you can make the decision on what's happening in the local Real Estate Market, and whether you want to look for trends when making an offer on your New Salt Lake Home, or if you would like to know whats happening now.........Or both. 

At Group1 Real Estate, we specialize in providing timely, accurate up to date information about Salt Lake Homes for Sale and New Home Construction. We do all we can to make your new home search as easy as possible.

If you are searching for Salt Lake Homes For Sale or for those perfect Condominiums listed around SLC, you will find ALL of the houses or condos listed in Salt Lake City & surrounding towns, including New Homes @ Salt Lake Homes For Sale.

Distressed homes & condos in the Salt Lake Valley can be found @ Salt Lake Foreclosures, or pre-foreclosures in Salt Lake. IE: Short Sales.

These two home searches will show you ALL of the Bank Owned Homes, HUD Homes, Short Sales, REOs, and Corporate Foreclosed homes around Salt Lake City.

The searches would concentrate on homes listed on the MLS as for sale in, Downtown Salt Lake City, West Valley City, Cottonwood Heights, West Jordan, South Jordan, Riverton UT, Herriman, Murray UT, Midvale, Sandy UT, Draper, and Bluffdale Utah.

Or, you can call us @ 801-567-0946. We would love answer the question of What Are Salt Lake Listed Homes For Sale Selling For?

Published Tuesday, June 01, 2010 10:01 AM by Corie Seymour

For expert representation when buying or selling real estate in Salt Lake City visit our website or contact us directly. We specialize in bank owned and Salt Lake City short sales, foreclosures and REO's plus commercial properties and land. 801-567-0946