Now that it is a new year I keep getting asked by friends and clients if 2011 is the year to sell. My response is always: "Take a look into my Crystal Ball!"
The Crystal Ball uses recent sales and homes on market statistics to predict the probability of a successful sale. It also arms you with valuable information the market over the past year. Homes on Market (supply), as well as Homes Sold and Homes Under Contract (demand). It also offers an average Months on Market, so you know what time-frame you may be looking at. This information prepares you to sell your home when demand is the highest.
Each month I look for the 5 areas with the highest probability of selling. These areas are Hot Spots! If you live in a Hot Spot we should evaluate your situation to see if this month is the time to put your home on the market.
Here are the Hot Spots for January:
1. Salt Lake City, Zip 84103 $200K - $250K
2. Murray, Zip 84123 $200K - $250K
Sales History Current Homes for Sale
3. Payson, Zip 84651 $300K - $350K
Sales History Current Homes for Sale
4. West Jordan, Zip 84084 $300K - $350K
Sales History Current Homes for Sale
5. Salt Lake City, Zip 84108 $100K - $200K
Sales History Current Homes for Sale
To view home sales history for all Zip codes and price ranges click here
Economic improvement and recovery start in hot spots and spread to other areas. Purchasing a home in one of these Hot Spots gives you a front row seat to economic recovery.
About the Author:
Utah 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.
