Real Estate in Sandy Ut is similar to Real Estate in most parts of Utah. Homes for sale as short sales are making a real impact on the housing market. In many areas across the country, short sales make up as much as 25% of the housing inventory.
We are reporting here about homes that for whatever reason (mostly blamed on the sub-prime mortgage market) are facing foreclosure in Sandy Ut. We also include Bank Owned Homes, REOs, HUD homes for sale, and foreclosures.
Short Sales make sense. Since the lender is willing to take less than what the home-owner owes on the house, a new home buyer should pay less than market value. Thats not always the case, but a good Realtor can make that a real priority.
Heres what we found out about short sales and Bank Owned Homes/Condominiums in Sandy Ut. as of 4/11/08.
Total Homes For Sale in Sandy Utah: 747
Sandy Ut, Short Sale Homes/Condos 12
Per Cent of Houses Listed: 2%
Short Sales Under Contract in Sandy, Ut: 9
Under Contract last 30 Days: 6
Short Sales Listed in Sandy Ut, last 30 Days: 6
The Real Estate market under the circumstances looks pretty good in Sandy. There are just enough short sales to attract Real estate investors, but not so many that it would discourage a relocation buyer. However I would be somewhat cautious as half of the short sales listed took place in the last 30 days.
To find out more about Short Sales, Bank Owned Homes and foreclosures stop by our website, Salt Lake Homes and get pictures, prices, addresses and information. It's FREE, and we update daily.
If you'd like to call us at 801-567-0946, we'd love to talk to you about Real Estate, Sandy Ut, homes for sale and our short sale report.
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