Look in Tooele UT If You Want a Luxury Home
Look in Tooele UT if you want a luxury home.
Assuming we can agree on what constitutes a luxury home, I think you can find every thing your looking for out here. or……you could have one built in Tooele County for a lot less money than you can expect to pay closer to downtown\ SLC.
Here is an article from my pals at Keeping Current Matters that goes over some reasons to move up to more elaborate digs.
After you read that, I’ll give you my take on why, if you have made the decision to move up, you should consider Salt Lakes western neighbor. Plus I’ll give you some comparison links that compare the cost of buying in various Utah cities.
If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.
The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer, or can be found at a discount.
Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call your house their new home.
The sale of your starter or trade-up house will aid in coming up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.
But not all who are buying luxury properties have a home to sell first.
In a recent Washington post article, Daryl Judy, an associate broker with Washington Fine Properties, gave some insight into what many millennials are choosing to do:
“Some high-earning millennials save money until they are in their early 30s to buy a place and just skip over that starter-home phase. They’ll stay in an apartment until they can afford to pay for the place they want.”
The best time to sell anything is when demand is high and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs, and are looking to step into a luxury home… Now’s the time to list your house for sale, start looking at luxury homes in Tooele UT and make your dreams come true.
- All real estate is local.
- Beauty is in the eye of the beholder. (or luxury).
“Real estate is local” in this context means that what might be a luxury home in Tooele County, may not be considered that hot in Olympic Hills, or Capital Hill.
Similarly a home buyer looking for a place to raise animals and grow some stuff will not consider a high rise condo to be very luxurious.
So… We just arbitrarily assigned a dollar value of half a million dollars as the minimum so we could compare what you get for that amount of money in various cities in the areas along the Wasatch Front.
Comparison of Luxury Homes By Area
- Tooele County Homes over $500,000
- Luxury homes in Sandy Utah
- Condos in SLC over $500,000
- Emigration Canyon Luxury Homes
- Luxury Homes in The Avenues
- Herriman UT Homes over $500,000
- Draper Utah Luxury homes over $500,000
Look in Tooele UT if You Want a Luxury Home
- Homes in Lake Point UT over $500,000
- Tooele UT Luxury Home
- Erda Utah Homes for sale over half a million dollars
- Grantsville UT listing above $500,000
- Rush Valley Utah Luxury Ranch