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South Jordan, UT Real Estate Market Conditions

By Angela Bobowski

Real Estate Agent with South Jordan Realty

October 09, 2007 07:47 AM

South Jordan Real Estate

We here at South Jordan Realty continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find South Jordan real estate statistics for the week of Oct. 1, 2007.

Total number of homes currently for sale in South Jordan: 571

Total number of homes sold in South Jordan in the last 12 months: 702

Newly listed homes on the market: 48

Number of homes going under contract (offers accepted): 8

Number of homes sold: 10

Number of homes being taken off the market: 42

Average days on market: A typical home seller in South Jordan has a 50% chance of selling their home in 292 days. In South Jordan 703 homes have sold in the last twelve months.

If you would like to know what your home is worth or a free list of homes for sale, please contact me.

Angela Bobowski

South Jordan Realty

801-604-1888

angela @bobowski.com

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Glenn Ginsburg

A Delta Realty of Naples Florida - Naples, FL

Naples Florida Real Estate

Angela - I am curious to know how many months of inventory of homes for sale you currently have in your area.

Oct 09, 2007 07:51 AM

South Jordan Realty - South Jordan, UT

We have almost 10 months of inventory in South Jordan, UT right now. Builders also have a lot of homes that haven't sold that are not on the MLS and they keep building.

Oct 09, 2007 07:58 AM

The builders are foolish to keep building with the inventories so high IMHO - are the builders killing the resale homes by their pricing?

Oct 10, 2007 02:34 AM

Some builders are killing the resale homes with their pricing. We have a huge development called Daybreak that has only been being built for the last few years, most of the builders have been dropping their prices in that development, especially on spec homes. It is really affecting all the existing homes for sale in that development and in areas near it. People who live around there can't sell their homes because buyers can go get a brand new home for the same price, the only existing homes that have sold in that area have fully finished basements and low prices. A lot of people in that community are trying to rent their homes, but Daybreaks HOA only allows a certain percentage of homes to be used as investment property. It will be interesting to see what happens with the real estate market within the next year.

Oct 10, 2007 06:21 AM

It sounds pretty much like SW Florida. There are some builders that actually auctioned their spec homes off so that they could get them off their books for their fiscal year-end. Here is the sad results - home owners that bought their homes for about $350,000, saw the auctioned homes go for between $145,000 to $175,000!

Oct 10, 2007 07:08 AM

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Angela Bobowski

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