Actually were reporting on about 98% of the homes in Tooele County. Those homes sold in Tooele City, Stansbury Park, Erda, & Grantsville Ut.
I know were only 13 days into the new year, and it's early to determine trends yet, but in a market like this, and with last year to measure against were going to be doing this about every week.
What motivated me today was reading Cories blog in our Salt Lake Office. I noticed that Bank involved sales and listings, IE: Huds, Foreclosures, REOs, repos, and Short Sales, in most areas of Salt Lake County were hovering around the 7 to 10% range, and seemed to be just a little less than we were hearing about national statistics. On the other hand, in spite of all the bad press, I was pretty sure we were no where near those numbers in Tooele County.
So..... After pulling numbers from the Wasatch Front Multiple Listing Service, (MLS) I have some home sales statistics and some comments about the housing market in Tooele County I'd like to share with you.
Tooele City, Stansbury Park, Erda, & Grantsville Ut. currently have 456 active listings. Only 16 of those indicate that the bank or lending institution is going to be involved in the sale of the houses. (3.5%).
Ten homes closed in the first 12 days of January. None of them were Bank Owned or Short Sales. Sixty per-cent were 4 bedrooms or more.
Average price of home sold was $234,000
Sixty seven, new,Home listings were taken this month at an average price of $263,400.
Fifteen houses, town homes, or condominiums were put under contract with an average asking price of $160,000. Only 2 of the homes under contract were valued for more than $200,000.
Only one of these houses was bank owned.
So there you have it, proof once again that like pizza delivery Real Estate is local, and locals know the market. To find out more about Tooele County Real Estate give us a call @435-840-5029. To see the latest homes available visit our website @Tooele Home listings and check us out.
From an Industry and sales perspective this may not be good news. Current sales volume translates to about 37 sales in January, and that means that at least 150 agents wont sell a house this month.
From a community outlook though it's great news. It means that most of the families have house payments that they can afford, kids and pets won't be uprooted, and no long term friends left behind. To me it means, smart buyers, unselfish Realtors, and lenders with integrity. A Real Estate community we can be proud of.
Thanks for being here and for having this discussion about "trends in Tooele County homes for sale".