High density housing is on the rise throughout Salt Lake County and has been for the past 10 years, but what affect has it had on the housing market, like single-family homes? The University of Utah did a study on this subject and found that the increase in high density housing actually increased the value of single-family homes. The study concluded that Salt Lake County homes that were located within .5miles of new apartment complexes experienced a 10% annual increase in the average value. This was in comparison to single-family homes located further away from apartment projects. The research also narrowed the findings into four quadrants and found that the most value occurred in "West" Salt Lake Country, which is comprised of Rose Park, West Valley…
Daybreak has been deemed #5 in the U.S. for Top-Selling Master-Planned Communities of Mid-Year 2020! Year to date new home sales in Daybreak are up 40%! All this despite living through a pandemic. New home sales did have a small hit in March and April as stay-at-home orders we implemented. However as restrictions lifted there was a sudden surge of demand in home sales.
Communities, like Daybreak, that are able to offer a variety of housing options and different price points continues to be key for growth in these master planned communities. Low inventory coupled with high demand keep builders and development busy expanding these areas.
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According to USA Today, South Jordan is among the top 50 cities in America to live in. A contributing factor in South Jordan achieving this status is the rapid growth of Daybreak, attracting 400+ new residents a year. Once completed, Daybreak will nearly double the size of South Jordan, which currently has just over 69,000 residents. Other factors include the 4.1% poverty rate and 3.0% unemployment rate. What does this mean for those looking to buy or sell in the 84009? According to the Salt Lake Board of Realtors' third quarter statistics, South Jordan ranked number 9 out of 10 for most expensive zip codes along the Wasatch Front. The average price for a home in South Jordan is $441,592, a hike of 8% compared to last year's third quarter stats.…
This home was built by the same builder and is the same floor plan in Daybreak. Both of these homes were listed in the summer with top real estate agents. However, the result is very different…
Sold for $83,000 less Than House B!!! 4 months on Market. Had an extra Fireplace in Master and 2nd Kitchen in Basement. Same style of flooring and paint as House B.
goBE SOLD by Utah Dave! Sold for $83,000 More than the other listing! Sold in the First Weekend on market.
When choosing a good Realtor to work with make sure you choose one that has experience and PROOF of RESULTS! Call 801-966-4000 to see more proof.
EXHIBIT A: Listed with a different Brokerage
The home above was on the market 4 months and NEVER SOLD. Last listed at $339k (Below what we sold the exact home for shown below) This home has 3 tone paint, real hardwood floors, updated colors, and modern white kitchen with granite and backsplash. It's also partly fenced.
EXHIBIT B: Listed with Utah Dave @ goBE Realty
Meanwhile, this home sold for $340k in 3 weeks. It only has 2 tone paint and brown colors. Formica counters throughout kitchen and upstairs instead of granite like the home above. Laminate hardwood not real hardwood floors. Also, no fence on this home as opposed to the partially fenced home that dind't sell. The only other difference between this home and the one above…
A huge shout out to our goBE Realty Sales Team. Yesterday at the exclusive Daybreak Awards Ceremony goBE Realty was awarded the Top Real Estate Office Sales in Daybreak for 2015. That's not all though; Utah Dave was awarded the Top Sales Agent for New Home Sales in Daybreak for 2015! We also sold a total of 65 homes in Daybreak in 2015 alone. In addition the goBE team sold a total of 170 homes from Davis, Salt Lake, and Utah Counties. Give a "like" to help us congratulate this amazing team. — with David Marrott, Ryan Aycock, Josh Mills, Barbara Neilson Mills, Dave Robison, Julie Holmes,Tammy Burton Casper and Durven Wilson.
FHA loan limits have increased! The FHA loan limits went from $304,500 to $312,800 in Salt Lake County. What dose this mean to buyers and sellers? If you buy in Salt Lake County with an FHA loan purchase price (typically putting down 3.5%) this makes your purchase power increase from last year approximately $8,000.
Something for Sellers to keep in mind: if you list your home for $325,000-$440,000 you are only making your home available to buyers that are able to put 5% down (this price range is above the 3.5% down FHA limit). However; if you list at $325,000 you then add a plethora of buyers to your purchasing pool by including 5% down buyers AND 3.5% down buyers. This makes your home an option for many more buyers and your ability to sell that…
Views! Modern! Energy Efficient!
South Jordan House of the Month!
Solar powered energy efficient! Average $58 a month
Gorgeous Valley Views! Sits across the street from Park!
2 Story VaultsSit on your patio and enjoy the Mountain views and fresh air. Its easy to relax in this home, after all, the solar power energy efficiency of paying $58 a month average allows you to spend your money elsewhere. This home is conveniently located near lots of parks/basketball courts/tennis courts/ and the neighborhood's new pool. Call 801-966-4000 and find out about our SELL YOUR HOME GUARANTEED when you BUY THIS…
What not to ask when selling your home: "What is my home worth?" or "What will my home appraise for?" This is not the right way to understand the value of your home. An appraisal is an estimate of value or to put it more simply; one person's opinion of the value of your home. As we all know that opinion is not necessarily fact, it's important to know that there is no such thing as an absolute number that your home is worth
Here's what happened to one seller of mine. The buyer's appraisal of their home came in $70,000 below list price. Yikes! After hiring 3 different appraisers on the same house all 3 came back with very different "opinions" of value. After 2 weeks of convincing the banks, the buyers, and the REALTORS, I was able to sell the home for…
It is expected that Utah's population will double within the next 35 years increasing to nearly 5.4 million residents. Most Utahn's will be living in the concentrated area of the Wasatch Front. More people means more houses and more cars with a limited area of land. When it comes to housing most Utahns feel like high density housing is the solution.