Found 15 blog entries about Utah Housing Statistics.
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.
Same Builder... Same House... Same Area... Same Time on Market.... VERY DIFFERENT RESULTS
THEIRS: (LISTED WITH A DIFFERENT COMPANY: good experienced agent and brokerage)
On the market for almost 2 years!
Ended with a Lease Option for thousands less than ours.
Fully finished basement with wet bar
Larger yard/ lot
More upgrades in Master Bath
OURS: LISTED with UTAHDAVE of goBE Realty
Offers within a few days!
Sold for $345k
Only a partially finished basement
Smaller lot than comparable home above
Utah is a non-disclosure state on sales price. To gain sold data on listings that aren't ours call 801-966-4000.
As you can see in the apple to apple comparison that you see above, the real estate…
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…
A new elementary school in Daybreak's Creekside Village is anticipated to open in the fall of 2017. Construction begins in the Spring of next year. The school will be located at approximately 10200 S and Kestrel Rise Rd. The Jordan School District is also slated to build a middle school on the same plat of land in coming years. The development of these schools are exciting news for current and future Daybreak residents. Building schools is a step in the right direction for the creation of more walkable neighborhoods within the community.
With South Jordan being ranked as one of the nation's fastest growing cities according to the U.S. Census Bureau, the promise of new schools is not only a convenience but also a necessary response to the growing…
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.
Tomorrow's population issues are already being addressed today and the market is reacting. We are seeing smaller lots for single family homes and more apartment complexes developing with low vacancies. There has also been a demand for more dense neighborhoods designed for walk-ability and public transit. Residents have stated that these features are essential in keeping future housing and transportation…
This month's news may sound familiar, but there are some significant changes to the housing market that may affect your real estate decisions. The big news from last month's NAR statistics is that Inventory is low. If this sounds familiar it's because inventory has been steadily declining for the past two years. From February 2011 - Feb. 2012 the number of homes on the market in Salt Lake County has been more than 10% LOWER than the number of homes on the market the year before. Starting in March 2012 that number dipped to 30% lower and stayed there for a year! In the past few months things have started to change.
[caption id="attachment_3038" align="aligncenter" width="300" caption="See Utah's Current Housing Statistics Here"][/caption]
The statistics haven't even been finalized yet, but everyone is extremely excited about the housing market. How come?
Right now we are seeing indicators that suggest we may be breaking records for home sales. The current number of homes under contract indicate that we have TRIPLE the amount of normal activity on the housing market.
Here is an example:
In South Jordan, in the $400K - $500K price range we normally see approximately 15 homes under contract at a time. With the number of homes on the market this represents a 5-6 month inventory. In the past few weeks those number have Tripled!
Currently there are approximately 45 homes Under Contract. That's three times the normal 15 homes. With the current inventory of 54 homes available on the…