The numbers are in!

Here are the top ten zip codes for 4th quarter 2010. These areas had the most existing home sales accross the state.


#1. Taylorsville/Kearns (84118)
      151 homes sold
       Median price: $138,000
Current homes for sale

#2. Lehi (84043)
      144 homes sold
      Median price: $210,000
Current homes for sale

#3. Farr West (84404)
      128 homes sold
      Median price: $133,225
Current homes for sale

#4. South Jordan (84095)
      127 homes sold
      Median price: $272,000
Current homes for sale

#5. Clearfield (84015)
      117 homes sold
      Median price: $160,000
Current homes for sale

#6. Draper (84020)
      111 homes sold
      Median price: $349,900
Current homes for sale

#7. Tooele (84074)
      104 homes sold
 

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Now is a great time to buy! But what if you already own a home? The overall market may be down, but some homes can still attract buyers willing to pay what your home is worth. What makes these homes resistant to the recession? As the adage goes: “location, location, location!”

By tracking the areas with the highest demand we know which homes will sell well this month. If you live in one of these areas, now is the time to sell so you can take advantage of the other great deals around the state. The low interest rates won't last forever, and will likely 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. Alpine, Zip 84004           Price Range: $300K – $350K
Sales

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We are having FUN selling homes!

There is a degree of satisfaction that comes from closing a deal. However, the greater satisfaction comes from knowing the buyer is going to love their new home. It is a fun time to be selling homes because there are so many great deals out there.

I love being able to find beautiful homes for my buyers. One of our clients just got a steal of a deal on their new home. For approximately $1400 a month they get to live in their dream home:

4 bedrooms
2.5 bathrooms
3,436 square feet
.20 Acre lot
3-car garage
RV parking
And a perfect location for their lifestyle; there is a golf course litterally in the back yard!

These great homes and amazing rates won't last forever, but as long as they do I am having fun hooking up my

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Viewing statistics is vital to predicting Real Estate trends. I keep track of how many homes are being sold across the Wasatch Front to stay informed for my friends and clients. There are many other factors affecting the Real Estate industry, but this is a quick way to glimpse market changes. Homes prices are driven by how many homes are being sold. When there is a considerable increase in demand prices and values go up.   These graphs and statistics show how many homes have been sold each month for the past 3 years. You can clearly see the bottom of the market back in January of 2009. So far we have had over 20% more homes sell this year than at this point last year. For more information about what these statistics mean for your particular…

The Gadberry data group recently conducted a study to determine the fastest growing cities in each state. While other cities across the United States have struggled, these cities have seen growth. The study group focused on factors such as an increase in the number of households, income, and houshold net worth, to determine which cities were showing the greatest growth. Their research, published in Business Week revealed that South Jordan is the fastest growing cityin the state of Utah!

When outlining reasons for South Jordan's persistent growth, Gadberry states, "Development in this city was fueled by the availability of land and large lots, planned communities, and a charming rural atmosphere. The new Daybreak Community development is expected to

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How was 2009 compared to 2008? Have we bottomed out? Where is 2010 headed?

The number of homes sold for 2008 across the Wasatch Front was 22,766. The numbers for 2009 are still rolling in but so far, the number of homes sold in 2009 is 22,744. When all the statistics are in the total number of homes sold in Salt Lake County will be at least the same as 2008 and likely higher. Utah County has increased sales over 10% mainly due to the availability of affordable housing, an increased supply of foreclosures and short sales, and 100% financing in Saratoga Springs and Eagle Mountain areas. All of this data means that the number of homes sold has bottomed out! We are now seeing an increase in sales overall.

UtahDave's sales statistics went up 50% from

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How well did the housing market do last month? I think these figures speak for themselves:

Compared to last October, Salt Lake County had over 23% more homes sell.

  Ever Since May, Utah County has had more homes sell this year than last year. In fact only three months in 2009 have had less homes sell than 2008!

 

Davis County also had a 23% increase in home sales from last October.

 

Unbelievable! Tooele County had 58% more homes sold in October 2009 than October 2008!

 

For the 1st time this year Weber County has had more homes sell than a year ago. October had a 22% increase in home sales over last year!

  Here is the total number of homes sold in the preceding counties! …

Even with the Nation Stabilizing Some Cities Demonstrate Above Average Growth

There are signs of real-estate market growth all over the nation. In most cities these signs of recovery are small, but the signs in some cities are significantly greater. One of the major indicators of a growing market is the number of building permits that have been procured. The top three cities in the United States have actually seen more building permits this year than last year. Why are these cities starting to re-grow faster than others in the nation?

The city with the greatest increase in the nation is Lake Charles, Louisiana. There has been a 122% INCREASE in building permits from last year! What is the secret to their growth? The destruction of Hurricane Ike and

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It was announced earlier this week that some changes have been made to the $8,000 Federal Tax Credit. The U.S. Department of Housing and Urban Development gave authorization to allow first-time buyers to use their $8,000 UPFRONT. This means it can be used to cover closing costs, to increase your down payment, or buy down your interest rate.

This first-time homebuyer tax credit started last year to help buyers purchase their first home. More details about the loan itself are available here: $8000 Tax Credit. The original tax credit was more like a government loan that had to be repaid. It was improved earlier this year making it so it does not have to be repaid! This latest improvement frees up the money to be used to cover the initial fees of purchasing

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Here are the Top Places to Sell a Home in Utah this May!

The statistics from April are in! Based on these statistics we can predict where the homes will be selling this month. These summer months are typically some of the best selling months of the year so it’s the perfect time to be living in a hot spot. While most other areas are struggling to sell, those living in these hot spots can get top dollar for their home! Those looking to buy in these areas may expect to pay a little more, but they can count on a stable home value and being able to sell their home if they ever need to. For those who are living in these areas thinking of selling; now is the best time!

1. Davis County Zip 84087 Price Range: $300K - $350K
Sales History Current homes for

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