The Herriman Utah homes for sale report for 6/01/08 shows 420 homes or condos listed in Herriman. Twenty seven (6%) of these homes are condominiums.
The information contained in this Herriman Real Estate market analasis is provided by the Wasatch Front MLS, from home listings supplied by Realtors from around the Salt Lake Valley.
While the numbers are from the MLS, any commentary is the opinion of Group1 Real Estate Agents. It is just that, an opinion, not legal or accounting advise, or recommendations outside the agents area of expertise.
This report will not include most of the homes for sale by owner, (FSBOs) as these houses are rarely listed across the MLS. However it should be noted that a very high percentage of these homes/condos are sold by Utah Realtors.
Likewise New Homes, (new construction). Most builders employ agents to sell their own homes/condos from Model Home complexes. Most of the time these new homes are not listed, and the sales agent is an employee, (paid by) the new home builder. Good examples of this would be the Daybreak community in South Jordan and Rosecrest right here in Herriman. Both of these communities have an extensive model home presence. Keep in mind that unless you take your own agent to view the Models, you have no representation. You should, it's FREE!!! Read how to shop for a new home.
Whether you are a Real Estate Investor, home buyer, or part of a family that is considering re-locating to Herriman, or any other town in the Salt Lake Valley, we hope you will find this report helpful. and the Real Estate information timely.
Homes for sale in Herriman UT:
There are 420 homes for sale in Herriman Utah, as of 6/01/08.
Only 27 of these are Condominiums.
Herriman Homes activity last thirty days:
In the last thirty days, 110 new home listings have been added.
Six of these were condos, which is about the historical mix. (6%)
Thirty four Herriman homes were sold and closed in that same time frame.
Thirty nine new contracts were written by Salt Lake Realtors.
Ninety one houses were removed from the homes for sale list.
Bank Owned, foreclosures, Hud homes, And homes that need 3rd party approval:
The total number of distressed homes in Herriman is 73.
Thats over 17% of the total homes listed.
Nineteen of these homes/condos have been added within the last 30 days.
Six homes have sold and closed. (almost 8%)
Seven distressed properties were placed under contract last month.
Sixteen houses were removed from the homes for sale list last month for various reasons.
About Herriman homes for sale:
After a very exciting and dynamic growth spurt over the last few years, Herriman is feeling the Real Estate crunch more than any other community in the Salt Lake Valley.
Herriman leads all other towns in Foreclosures, Bank Owned and short sale homes.
New home construction has not stopped, so we expect this situation to continue. it is expected that the absorption rate which is currently over 11 months will rise monthly for the next year.
The good news is two fold, one, there are some real opportunities for the real investors in Herriman, with more cropping up every day. Secondly, the city planners, banks and developers will have the time and motivation to encourage development of houses and condominiums at a price point that appeals to a broader segment of the market. IE: Condominiums, and P.U.Ds with starter homes for first time home buyers.
We hope this report, and companion reports featuring homes for sale in other towns in the Salt lake metroplex have been helpful. look for market statistics for Sandy City, South Jordan and West Jordan on this same site.
To have a look at the 420 homes for sale in Herriman Ut, or the nearly 8200 Salt Lake Homes for sale, go to our web-site @ Salt Lake Homes. You can access pictures, prices, Maps, directions and pertinent information about homes available across the Salt Lake Valley.
To talk to a real live Realtor call 801-567-0946. For any additional Real Estate Information stop by Salt Lake Real Estate and enjoy hundreds of tips about the home buying process. Whether you are looking for a Real Estate Investment or a house to look at, you can find it there. And it's FREE.
Thanks for being here and thanks for reading the Herriman Utah Homes for Sale report of 6/01/08.