2012 Ending on a High Note

Posted by Help Now on Thursday, December 6th, 2012 at 6:35am.

2012 is coming to an end. What happened in the Salt Lake County housing market over the past 12 months?
  • Home prices are 4% higher than last year
  • The median home price is up 11% from last year. (2011 - $185,000, 2012 - $205,000)
  • It was the first year since 2007 that home prices have consistently gone up
  • The number of homes sold is up 18 percent from last year
  • Housing inventory dropped to 4.2 months (down from 7.2 months)
  • Homes typically have taken 61 days to sell (down from 78 days last year)
  • Homes sell for 96% of list price, (up from 91% last year).

If the world doesn't end this month where are the best places to buy/sell a home?

Check out the Hot Spots:


#1 - Sandy 84092     Price: $200K - $250K
Chance of selling     Homes for sale

#2 - Draper 84020   Priced: $300K - $350K
Chance of selling     Homes for sale

#3 - Holladay 84117 Priced: $300K - $350K
Chance of selling      Homes for sale

#4 - Cottonwood Heights 84121 Priced: $100K - $200K
Chance of selling       Homes for sale

#5 - East Milcreek 84109 Priced: $200K - $400K
Homes for sale
200-250 Chance of selling     
250-300 Chance of selling
350-400 Chance of selling

About the Author:

Utah Dave - Neighborhood ExpertUtah Dave - Daybreak Neighboorhood Expert and Local Resident

My friends nicknamed me Utah Dave in high school because they said it didn't matter where we went in Utah, I would know how to get there and who we needed to talk to. The name sticks today as UtahDave has formed into a professional real estate network of Neighborhood Experts all across the state. I live in Daybreak with my wife and 4 amazing children. I enjoy dancing (which is how I met my wife Dawn) as well as traveling, coaching, and learning.

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