This is the Sept, 08, Real Estate South Jordan UT Homes For Sale Report, prepared for our clients and those looking for a partner that knows Utah Real Estate along the Wasatch Front.
Our goal @ Group1 Real Estate is to provide the most timely & important Real Estate Information possible. Our hope is that if you are searching for Condominiums/ Homes to buy in South Jordan, listing a S.Jordan home or looking for investment property,you will consider the professionals at Group1 to be your trusted partners. We also hope you'll consider our web site @ Salt Lake Real Estate to be a valuable resource for all your buying, selling, and investment needs.
Over the next few days, we will post individual reports for various towns and neighborhoods that make up the Salt Lake Market. Watch for reports on West Jordan, Draper, Taylorsville, Murray, Riverton,and Herriman UT.
Yesterday we featured stats and analysis on homes for sale in Sandy UT. As with all of our offerings those numbers are provided by the Wasatch Front Regional Multiple Listing Service, (MLS).
Real Estate Report-South Jordan UT, Homes For Sale:
There are 628 homes for sale in So. Jordan UT,on 9/04/08.
41of these South Jordan Homes are condominiums. (6%)
88 of these homes listed are currently under contract.
Prices range from a low of $ 165,000 to a high of $3,500,000.
Median price of South Jordan UT, homes for sale is $375,432.
Median price of S. Jordan homes under contract is $319,725.
Average price of homes listed in South Jordan is $425,299.
Average price of homes under contract is $346,257.
67% of the So. Jordan homes for sale are priced between $250 and $500,000 dollars.
Median days on the market for homes listed is 77.
Median days on market for homes under contract is 98.
There are over 190 homes listed for sale in excess of $450,00 in South Jordan, UT.
Only 14 So. Jordan homes priced over $450,000 are under contract.
Less than 14% of the homes for sale in South Jordan are distressed property.
There are 86 properties listed as HUD Homes, REOs, Short Sales, foreclosures or Bank Owned Homes.
South Jordan UT: Homes For Sale Observations:
South Jordan, Utah, has experienced rapid growth and tremendous expansion over the last few years. Daybreak, a planned Unit Development has set the tone by creating an residential core that has appealed to a large spectrum of Salt Lake families. on any given day a prospective home buyer can tour over 40 model homes of varying size and price. Single family homes, Condominiums, Town homes, patio homes, Ramblers and traditional facades make Daybreak a very successful and exciting home buying experience. Hundreds of new homes are sold each year with a projection of over 4000 units at completion.
Note that from the report we see, that median sales price which indicates as many homes for sale above a price as there are below it, is $375,432 while the average price is over $425,299 dollars.
The price difference between homes (average) that are listed and houses/condominiums under contract is about $70,000 dollars.This would indicate among other things that there is the possibility of further erosion of house values. No panic yet, as distressed homes IE: Short Sales, Bank Owned, (REOs), foreclosures and HUD Homes are only 13.6% of the So. Jordan houses listed for sale on the MLS.
Opportunities still exist for Investors and move up families that want to take advantage of a strong buyers market. New home construction is still a play as many builders have overbuilt in sub-divisions like Heritage Hills, King Benjamin's Ct, Country Crossing, Jones Crossing, and Jones Farms. Likewise many home buyers have over bought.
To search all of the 697 homes for sale in South Jordan, UT, as well as over 8000 houses listed in the Salt Lake Valley, stop by our website at Salt Lake Homes and see photos, map, prices, directions and basically the same information your Realtor uses to provide you house/condo searches.
I hope you have found this information helpful and you'll give us a call if you have any questions about Real Estate or the South Jordan UT, Homes For Sale Report..