So I just ran some numbers on Annual home sales in Tooele Utah, and they are quite amazing. The home sales have drastically increased, then decreased over the past decade. During 2006, home sales were double what they have been over the past four years.
The positive news for Tooele Real Estate is that home sales did indeed increase over the past year. Things look bright for the Utah Real Estatemarket as a whole. Home sales are substantially up after the first two months of the year. It will be interesting to see if Tooele is able to follow that trend and also see another annual improvement in terms of home sales. Home prices in Tooele have followed the same trend as home sales. They rose, peaked, and then fell. They are now almost to 2005 levels, which compared to many areas in the country is actually pretty good. Here is the graph showing the varying annual home sales. The average home price during 2007 was $203,062. Just four years earlier, it was only $126,385.