The Groundhog’s Shadow and Your Home
Posted
by Help Now
on Thursday, February 3rd, 2011 at 6:30am.
The Ground Hog saw his shadow meaning an early Spring. What does this mean for the housing market? Will there be an early increase in home sales? January and February are historically lower in sales, but this year we've seen demand increasing during the cold months. This is a great sign!
As the demand increases more homes will become available on the market. Right now the number of homes on the market is extremely low. This is great news for sellers.
At the beginning of each month I look for the 5 areas with the highest probability of selling. These areas are Hot Spots! Low interest rates won't last forever, and are likely to increase soon. If you live in one of these hot spots, now is the time to list your home and start looking for a new home to purchase.
1. Payson, Zip 84651 Price Range: $300K – $350K
Sales History Current Homes for Sale
2. Orem, Zip 84057 Price Range: $300K - $350K
Sales History Current Homes for Sale
3. Sandy, Zip 84094 Price Range: $300K - $350K
Sales History Current Homes for Sale
4. Salt Lake City, Zip 84108 Price Range: $100K - $200K
Sales History Current Homes for Sale
5. West Jordan, 84084 Price Range: $300K - $350K
Sales History Current Homes for Sale
To View Home Sales History for all Zip codes and price ranges click here
Utah’s Hot Spots are the zip codes and prices ranges that had the most activity and highest demand last month. Economic improvement and recovery start in hot spots and then spread to other areas of the valley. 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.
Leave a Comment
