Everything you wanted to know about Sandy, Utah Real Estate Market

By
Real Estate Agent

Welcome to my weekly edition of everything you wanted to know.... this week I'm reviewing the Sandy Real Estate Market in Utah.

I'll start with the Market Condition Report, then fill you in with some Sandy neighbourhood information after the graphs!

AVERAGE DAYS ON MARKET - 90 DAY TREND FOR SANDY, UTAH

To summarize: Some Single-family homes in this area have been on the market 523 days while the average time is 89 days. Homes that sold in the last 3 months have taken up to 634 days while the average time is 112 days. The minimum is 2 days.

 

ASKING PRICE VS. SELLING PRICE  - 90 DAY TREND FOR SANDY, UTAH

Asking prices vs selling prices sandy utah

To summarize: Of the 26 Single-family homes in this area that sold in the last 3 months, 6 got over their listing price, 11 got less than the listing price, and 9 sold at their listing price.

 

FOR SALE VS. RECENTLY SOLD - 90 DAY TREND FOR SANDY, UTAH

sandy utah real estate

To summarize: Of the Single-family homes in this area in the last 3 months, 26 homes have sold and 34 are currently on the market. Plus, 27 new listings came on the market and 26 were sold. This means there is 3.9 months of inventory in the market today. A balanced market is defined as having 5 - 7 months of inventory, while a seller’s market has less than 5 months of inventory and a buyer’s market has more than 7 months of inventory.

 

Now here's a little bit about Sandy Utah

Located at the base of the Wasatch Mountains  and just 13 miles from Salt Lake City, Sandy was a likely area for early settlement which started during the 1860s due to the availability of land.

Nobody is quite sure where the name Sandy came from, there's speculation that it could be for its thirsty soil, or from the train engineer who ran the first train line to this end of the vally (Alexander "Sandy" Kinghorn).

Farmers came to Sandy but it was mining that was Sandy's main draw - it was filled with hotels an  saloons that served the miners who were ready and willing to spend their newly earned wages. Three major smelters were located in Sandy, making it the most significant smelting center for a number of years.

Unfortunately, when the mines failed in the 1890s, Sandy faltered, then underwent a significant economic transformation into an agricultural community. The good news was that Sandy did not disappear (like so many other mining towns) This was due to its location, resources, and the spirit of its inhabitants.

During the 60's and 70's, Sandy underwent another growth spurt, with collections of small local communities identified by a youthful, family-oriented population. Although it was initially perceived as a bedroom community, and often still is, it has since developed a thriving commercial center along State Street and other various arterial roads.

Here's a video showcasing this gorgeous town:

 

Visit my Sandy Real Estate Page for lots of Neighborhood information

Here's a list of Homes for Sale in Alpine Utah

So there you have it! I hope you found these reports helpful. Are you interested in getting a Real Estate Market Report for YOUR neighborhood? I would absolutely love to send that to you! Visit my website and fill out a very simple form and within a short time, you'll have some fancy graphs sitting in your inbox.
 
Thanks for reading - I look forward to sharing next week's "Everything you wanted to know.." series!

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Curious to what your home is worth? Simply fill in this form for a detailed property report regarding what has sold in YOUR neighbourhood!

Jill Saddler - Associate Broker - Keller Williams South Valley Realty Elite
801.455.9422 Mobile 801.232.0527 Office

www.JillSaddler.com - visit me on Facebook   or let's connect on LinkedIn

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Topic:
Real Estate Market Trends
Location:
Utah Salt Lake County Sandy
Tags:
sandy utah homes for sale
sandy utah real estate market

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Rainmaker
1,315,908
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Jill, that's an interesting story about Sandy Utah.  It looks like a large portion of homes sold under 100 days...maybe not optimal, but real estated does seem to be moving.

Jan 24, 2014 07:58 AM #1
Rainmaker
2,758,129
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jill - Thank you for sharing an excellent list of information about Sandy, Utah real estate market.

Jan 25, 2014 04:46 AM #2
Rainer
132,894
Rebecca Foresee
Alain Pinel Realtors - Morgan Hill, CA
Let's foresee the possibilities . and get results!

Jill,  Sandy has sure grown up!  It's great to see the market information and see how that relates to local industry shown in the video.

Feb 06, 2014 11:29 AM #3
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Anyone looking to buy or sell a home in Sandy should call you to be their agent.

Feb 13, 2014 08:40 PM #4
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Rainer
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Jill Saddler

Draper Utah Real Estate Professional - 25 years+!
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