June 19h Salt Lake City and local area Market Report

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Services for Real Estate Pros with Real Estate Professionals

 

June 19, 2012 -- written by Utah Real Estate Professionals


It's time to list your home if you want it sold and closed by the end of summer. 

Can you believe there are not enough houses on the Salt Lake City Area Real Estate market? And as I blogged earlier, there are bidding wars!! Buyers want fresh inventory!! Now IS the time to put your home on the market.

Contact us today to find out how we can help you!! Or, if you're thinking about buying, you will really need our help to beat out your competition!

 

Current market statistics:          
  Salt Lake Utah Davis Weber  
Total Active 4,522 2,817 1,571 1,668  
New Active – 30 days 1,216 587 441 393  
Short Sale Active 1,333 637 306 296  
% of Actives which are Short Sales 29.50% 22.60% 19.50% 17.70%  
Expired – 30 days 437 314 218 174  
Under Contract 2,265 1,218 603 491  
Short Sale Under Contract 328 218 59 44  
Sold – 30 days 1,000 441 277 248  
Short Sale Sold – 30 days 136 84 39 27  
% of Sales which are Short Sales 13.60% 19.00% 14.10% 10.90%  
Average days on market 69 79 87 97  
Sales price per square foot $84.44 $73.91 $79.57 $68.84  
           
The following are last week’s market statistics:      
  Salt Lake Utah Davis Weber  
Total Active 4,523 2,800 1,551 1,668  
New Active – 30 days 1,237 608 437 377  
Short Sale Active 1,346 634 309 291  
% of Actives which are Short Sales 29.80% 22.60% 19.90% 17.40%  
Expired – 30 days 466 320 201 171  
Under Contract 2,242 1,227 627 494  
Short Sale Under Contract 320 230 58 47  
Sold – 30 days 1,007 444 268 248  
Short Sale Sold – 30 days 143 85 34 27  
% of Sales which are Short Sales 14.20% 19.10% 12.70% 10.90%  
Average days on market 69 79 87 97  
Sales price per square foot $84.44 $73.91 $79.57 $68.84  
           
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Topic:
Real Estate Market Trends
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Utah Salt Lake County
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salt lake county homes for sale
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Rainmaker
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Alan Kirkpatrick
Alan in Austin
Austin Texas Homes

Always interesting to see what is happening in real estate around the country. Thanks for sharing. 

June 20, 2012 07:06 AM
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