median home prices: Salt Lake County Home Prices Continue to Rise in March 2014 - 04/28/14 03:57 AM
Home Prices in Salt Lake continued to show positive returns in March 2014, albeit on the back of weaker sales. The median home price for a single family home stood at $248,450 which is an increase of 8.28%. While this is a nice rise, it falls within the narrow sales price band we have seen over the last 12 months, with a low of $240,000 (April 2013) to a high of $260,000 (Aug 2013). Since last summer the real estate market has taken a breather, with prices not really appreciating and fewer homes sold. Having said that we are starting to … (0 comments)

median home prices: Salt Lake Home Prices Up Sharply in 1st Quarter 2013 - 05/02/13 04:25 AM
The median home price for a Salt Lake County single family home rose 19.18% to $226,450 in the first quarter 2013. This strong rise in prices happened even though the number of homes sold was basically flat, managing only a 0.95% rise in the number of homes sold compared to the 1st quarter 2012. So why are prices going up so much if sales are flat, well it’s down to supply and demand. The reason that the number of sales are not increasing like we might expect is that there is simply not enough homes on the market. So while demand … (2 comments)

median home prices: Salt Lake County Market Updated for September 2012 - 10/08/12 03:55 AM
 
Salt Lake County Market Updated for September 2012
Another good month for the Salt Lake County real estate market saw home sales and prices on the increase. A total of 1,016 homes were sold in September (includes all types of homes), up from 997 a year earlier. Home prices were also up, with the median home price increasing from $185,000 to $195,000. Homes were also selling fast, with a CDOM of 34 days, considerably faster than the 74 days seen in September 2011.
Total Sales 1,016
Median Sales Price $195,000
Median Sq. Ft. 2,089
Median Price Per Sq. Ft. … (0 comments)

median home prices: Salt Lake Real Estate Market Update August 2012 - 09/19/12 11:27 AM
The medium home price for a Salt Lake County home climbed above $200,000 for the first time since October 2010. The new median home price of $205,000 was sharply up from the $186,884 seen in August 2011. Strong home sales saw a total of 1,337 homes sold, the largest number of sales for over five years, going all the way back to June 2007. Homes were also selling faster taking a median of just 39 days to sell.
Median Home Price: $205,000 up 9.69%
Home Sales: 1,337 up 19.59%
Median Price Per Sq. Ft.: $93.18 up 13.33%
Median Days on … (0 comments)

median home prices: May 2012 Sees Salt Lake Home Prices on the Rise - 06/18/12 05:05 AM
For the 4th month in a row the median home price for a Salt Lake County home increased, with the new median price standing at $199,950, up from last years $189,423. Over the last 4 months the median home price has risen 15.2%, with May 2012 home sales topping 1,202, the highest level since May 2010 when the home buyer tax credit was in place.
The median price per square foot is also up, standing at $89.62, up for 6 straight months, and the highest level seen since October 2010.  Homes are also selling faster, with the median time taken … (0 comments)

median home prices: Salt Lake County Prices Up in April 2012 - 05/22/12 02:31 AM
Salt Lake Home Prices were on the rise in April 2012. For the second month in a row home prices went up, with the median home price rising 4.28% (when compared to April 2011 prices) to $195,000. If we look at month on month data, prices have actually increased for 3 months in a row. This encouraging home sales data may well point to the bottom on the market and even shows that prices are starting to rebound, especially in the more trendy areas like the Avenues, 9th and 9th and Sugarhouse.
In addition to prices going up, the number … (1 comments)

median home prices: Jan. 2012 Salt Lake Market Update - 02/24/12 06:12 AM
There were a total of 730 Salt Lake County homes sold in Jan 2012, which is the highest level seen for 5 years. Those homes that are selling are also selling faster, with the average number of days taken to sell a home falling to 133 days (last Jan it was 144 days). The average price for homes sold in Salt Lake County did drop to $206,869, but this drop is in part due to a drop in the average size of homes sold (more smaller home sales = lower average price), which was 2,341 sq. feet (down from 2,579). In … (0 comments)

median home prices: Feb 2011 Salt Lake County Housing Market Stats - 03/25/11 07:04 AM
While the number of homes sold increased 10.99% from Jan to Feb, home prices continue to struggle in the Salt Lake County housing market. The average sales price dropped from $243,717 to $214,125 over the last 12 months, and the average price per square foot dropped below $90 for the first time since April 2005. The average days on market (number of days it takes to sell a Salt Lake County home) stayed steady at 96.
Total Sales 626Average List Price $220,927Average Sale Price $214,125Sale Vs List 97%Average Sq. Ft. 2,426Price Per Sq. Feet $88Days on Market 96
You can read … (0 comments)

median home prices: Second Quarter 2010 Salt Lake County Home Prices - 07/29/10 06:01 AM
While the number of homes sold increased sharply in the 2nd quarter 2010, prices continued to come under pressure. The number of single family homes sold increased 7.98% to 2746 compared to the same quarter last year, while at the same time the median home price fell 7.13% to $220,000.
The bright spot in the quarter was Salt Lake City, where 84103 up 4.33%, 84104 up 0.52%, 84105 up 5.83%, and 84106 up 3% all experienced price increases. The other zip code to perform well was 84123 Taylorsville / Kearns, which increased 5.40%.
On the other side of the coin, the … (1 comments)

median home prices: Is the Median Home Price a Good Indicator of How a Real Estate Market is Performing - 09/18/09 05:43 PM
The real estate industry standard for determining how a market is performing is the median home price or in some places the average home price. You hear it everywhere, median home price falls in first quarter, median home price for Salt Lake City is... But is the median home price a true indicator of how a market is performing, or would we be better off using something else, for instance the price per square ft.
Let's look at a specific example. In June 2007 the Salt Lake County real estate market peaked with a median home price of $234,000, in April … (0 comments)

 
Trela Bird, Realtor, Salt Lake City Utah (Urban Utah Homes & Estates) Rainmaker large

Trela Bird

Realtor, Salt Lake City Utah

Salt Lake City, UT

More about me…

Urban Utah Homes & Estates

Mobile: (801) 450-3535

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog