Real Estate in Tooele, Utah is as varied as the towns that surround it, The homes for sale in Tooele offer something for everyone. Whether you are a first time home buyer, looking to move up, a senior looking to downsize or improve security, A Real Estate Investor, flipping or rehabing houses, or a family transferring, needing to re- locate,  there is an area of Tooele County that will be suited to your new lifestyle.

This report and its companion reports of the individual towns that make up the Tooele Valley, will cover current available homes for sale, houses/condominiums sold in the last 30 days, and contracts written on homes last month as well as homes and condominiums that were for sale but for whatever reason have been taken off the market in the last 30 days. We will also offer comment on some of these stats if we feel it will ad to the value of the information. All of the statistics are supplied by the Wasatch Front MLS, Any commentary belongs to Group 1 or its Realtors.

We will pay particular attention to the recent phenomenon characterised as distressed properties, and listed as  Foreclosures, Bank Owned (REO), HUD Homes, or Short Sales.

New homes (new construction) or homes for sale by owner FSBOs probably wont show up in this report, as few of these houses are listed across the MLS.

Tooele Homes For Sale:
     There are 597single family homes for sale in Tooele on the Salt Lake MLS. Forty four, almost 7% are condominiums. In the last thirty days 141 houses were added to this inventory.

Bank Foreclosures/Short Sales:
     A small percentage of homes for sale (3%) are HUD homes, bank owned, short sales, or houses that require third party approval before a sale can be made. Distressed houses, the majority of which are located in the Tooele & Grantsville area, are significantly less than other places in Utah.

Homes Sold Last 30 Days:
     In the last 30 days 76 homes or condos were sold in Tooele County 5 of these were bank owned or short sales.

Under Contract Last 30 Days:
     As of May 1, 98 single family homes/condos were under contract. Fifty one of those contracts were written in the last 30 days. Assuming that 90% of these houses close, there will be almost 90 less homes for sale in Tooele. Less than 4% of the contracts written were for bank owned or short sales. (4).

 Average Days On Market:
     I am reporting these numbers without conviction as most of you know how I feel about the way the days on market stats were gathered. The MLS has made changes and from now on I expect this part of our reports to be meaningful. In the meantime it is reported that Homes in Tooele have been on the market an average of 63 days before they are sold. Almost 10% % of the houses were for sale at least 121 days, and 107 were removed  within the last 30 days for various reasons, including being available for sale for more than 120 days.
     
    

Conclusions:
     Overall, the resale home Real Estate market in Tooele is in pretty good shape. The degree to which you think this is true depends on whether you are buying a home or needing to sell. Home buyers, if they show patience, have decent credit and a modest down payment can find tremendous home buys. Sellers however need to price their home realistically and not try to be a better marketer than the next door neighbor was, (18 months ago). If money was borrowed using the house as collateral, maybe the profit has already been spent, and selling for what's owed is a good deal.  Outstanding investment opportunities can be had, but more of a long term nature than for short term flippers.
Each area is different and I would invite you to visit our blog over the next few days to see whats happening in Stansbury Park, Erda, and Grantsville Ut.. See what they have to offer.

To see the over 500 homes for for sale listed across the Tooele County, (this includes condos and P.U.Ds.) check out our website at Tooele Homes You'll get pictures of houses for sale, the location of all of the homes, and the price of homes for sale in your area of interest.

To talk to someone about your Real Estate needs, or ask a Real Estate related question call 435-840-5029

Our website, Tooele Real Estate is a wonderful source of information and provides tips on buying and selling a house, relocating to Tooele Ut, or investing in Real Estate. Check in, check it out, enjoy.

Remember that things change frequently, join us next month for all Real Estate Tooele homes for sale reports.