salt lake city: Buying Older Homes in the Salt Lake Area - 07/08/16 05:20 AM
One of the main criteria specified by home buyers is the age of the home. Many people want a newer home, something they can move into and which requires little or no work. Other people are looking for older homes, something with character and unique features. Of course there are advantages are disadvantages associated with each choice.
When buying an older home there are certain areas which buyers need to be aware of, and which can be a major expense if overlooked.
The Roof – The one the most important areas of concern is the roof. If the roof is shot then water … (1 comments)

salt lake city: Salt Lake County Home Prices near Record Highs - 07/24/14 07:13 AM
 The second quarter 2014 saw the median home price for a Salt Lake County single family home get to within $1,000 of the record high of $256,000, which was last seen in 2007. The actual price appreciation for the quarter was pretty modest, increasing just 2%. This was on the back of declining home sales data where the number of single family home sales fell 9.53% to 3245 homes sold. The median time taken to put a home under contract was 26 days, which is a strong number and the sign of a good housing market.
 
A total of … (1 comments)

salt lake city: 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)

salt lake city: Salt Lake County Home Prices Rebound in February 2014 - 03/10/14 01:07 AM


The median home price for single family homes rebounded in February hitting the highest level since August 2013. The median sales price for a single family home stood at $249,900, up 6.34% from the same time last year.  While sales prices did see a gain, the actual number of homes sold remained below last year’s number, with a total of 621 sales, a decline of 5.77%. Probably the most disturbing stat was that to do with Median Days on Market (how long it takes a home to sell), which has increase 70% over the last year, hitting the highest … (0 comments)

salt lake city: Salt Lake Market Softens Slightly in November 2013 - 12/05/13 08:05 AM
The Salt Lake County real estate market softened slightly in November 2013. The number of homes sold declined year on year, with 716 single family homes sold, down from 903 in Nov. 2012. Even with the decline in home sales the median home price climbed to $245,000, an 11.36% increase and the median price per square foot increased to $103.51 up 11.24%. One of the most telling indicators is the time taken to sell a home which increased to 38%, meaning that it takes over 30% longer to sell a home than the same time last year.
 
Single Family Homes … (0 comments)

salt lake city: June Prices Continue to Climb in Salt Lake County - 07/16/13 02:26 AM
Salt Lake home prices continued to climb in June 2013. The median price for a single family home broke the $250,000 mark for the first time since June 2008, while the median days on market dropped to just 13 days, the lowest level since June 2006. The market remains strong especially in the lower end of the market, where there is fierce competition for starter homes. The one blot on the landscape is the recent rise in interest rates (although they have recently pulled back from there short term highs), which could force people who are on the fence to either … (1 comments)

salt lake city: 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)

salt lake city: Strong Housing Market Pushes Home Prices Up 20% - 03/21/13 06:51 AM
The strong Salt Lake Real Estate housing market pushed up home prices by 20% in February 2013 when compared with the same month in 2012. The market continues to be driven by a shortage of homes for sale, with home buyers facing tough competition that often results in multiples offers within a day of a listing hitting the market. New home construction is also doing well in this market, with developments raising prices throughout the Wasatch Front. First time home buyers seem to be having the hardest time, having to compete with investors who are either buying rental properties or flipping … (0 comments)

salt lake city: Strong Price Increases on Declining Home Sales - 02/11/13 04:16 AM
The home price for a Salt Lake County property remained constant in January 2013. The price has now stayed the same for four months in a row, standing at $205,000. When compared year on year the price has increased a very respectable 17.82%, and judging by the activity we have seen at the start of the month this trend may well continue.

While prices are up, the number of properties sold went down fractionally, falling 0.4% to 756. So what if going on? Why are prices going up when the number of homes sold are down? Well it’s all down to … (0 comments)

salt lake city: Salt Lake Housing Recovery Continues in November 2012 - 12/18/12 02:39 AM
The November 2012 median price per square ft. for a Salt Lake County Home hit the highest level seen since June 2010. The median price per square ft. continued its steady rise hitting $94.10, a very respectable rise of 14.52% over last Novembers figure.  The median home price of $205,000 was the same value seen in October 2012, but was 13.89% up on November 2011. This strong data is very encouraging for the housing market, and hopefully points the way to a continued recovery in 2013.
Median Home Price: $205,000Median Price Per Sq. Ft.: $94.10Total Homes Sold: 1,038Median Days on … (0 comments)

salt lake city: Salt Lake October 2012 Housing Market Update - 11/07/12 02:06 AM
The Salt Lake County Housing Market again produced strong home sales in October 2012. There were 1,129 homes sold in the month, which is an improvement of 9.19% over October 2011. Median Salt Lake home prices again finished above the $200,000 mark, with a new median home price of $205,000, a healthy increase of 10.81%. The median price per square foot rose to $93.34, the highest level seen since June 2010.
With the holidays approaching home inventory levels are currently very low, with many homes selling soon after they appear on the market. At a national level a recent report … (0 comments)

salt lake city: 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)

salt lake city: 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)

salt lake city: 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)

salt lake city: 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)

salt lake city: Salt Lake County Home Prices Increase in March 2012 - 05/01/12 04:28 AM
For the first time in a long time Salt Lake County home prices increased in March 2012. The average home price for a Salt Lake County home in March 2012 stood at $218,674, up from $218,170 in March 2011, and $209,718 in Feb 2012. These modest price increases are the result of an improving market, with more homes selling, and a declining Salt Lake homes for sale inventory level.
Home sales stood at 1,037, the best March number since 2007. The average days on market declined to 112 (lower numbers mean homes are selling faster), the best number since May … (1 comments)

salt lake city: February 2012 Home Sales on the Rise - 03/15/12 12:44 PM
There were a total of 809 homes sold in Salt Lake County during February 2012. This number shows a strong increase when compared to Feb. 2011 when just 647 homes were sold. While Salt Lake home sales were up, the time taken to sell a home fell considerably, (another positive sign), with the average time taken to sell a home falling from 144 to 124 days. The average home price increased slightly from last month, climbing 1.23% to $209,743, but was down 2.76% when compared to Feb. 2011. 
Total Sales 809 Average Sale Price $209,743 Average Sq. Ft. 2,404 Price … (1 comments)

salt lake city: Builder Magazine Predicts Bright Future for Salt Lake Housing Market - 11/30/11 03:50 PM
A recent article in the Builder Magazine predicts a bright 2012 for the Salt Lake City Housing Market. They teamed up with Hanley Wood Market Intelligence to produce their list of healthiest housing markets in the United States. The list was compiled using various criteria including the local employment market, population growth, and income growth. The resulting list saw Salt Lake coming in at the 3rd healthiest housing market in the country, with a projected 4.7 percent price increase in 2012.
This data backs up what we have recently been seeing in the housing market, with this years home prices stabilizing, … (2 comments)

salt lake city: October Home Sales Up, Prices Down In Salt Lake County - 11/30/11 03:49 PM
OctoberSalt Lake County home sales were up from 737 in 2010 to 992 in 2011. While this is great news, in the same timeframe median prices decreased from $205,000 to $185,000, a fall of 9.76%. Compared to September 2011 prices actually saw a modest 3.93% increase. The median price per sq, ft. was $83.61 (compared to $83.88 last month and $91.37 last year).
The good news is that prices have remained pretty consistent since Feb 2011, when they hit $183,000. Another positive sign is that the time it takes to sell a home is also on the decline, falling from 82 … (0 comments)

salt lake city: Salt Lake County Home Sales Data August 2011 - 10/12/11 01:09 PM
There were some good pointers in the latest Salt Lake County housing sales data for August 2011. First of all the number of homes sold topped the 1000 mark for the forth month in a row. There were 1,086 homes sold, that’s an increase of 38.52% from Aug 2010, and an increase of 7.12% from last month. The other positive data was the Average Days on Market (amount of time it takes to sell a home), which dropped to 81, the lowest level seen since Mar 2010.
Helping to boost home sales this summer was a rebound in Utah’s job market, … (1 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

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