CALL INFO LINE: 801-859-6555
 Welcome to the FreeUtahHomeSearch.com Blog

2014-04-28 16:49:02
SLCO HOME SALES DOWN, PRICES RISE TO PRE-RECESSION

HOME SALES DOWN, PRICES RISE TO PRE-RECESSION LEVEL


Sales of single-family homes in Salt Lake County fell 4 percent in the first quarter, the first time home sales showed a quarterly decline in five years (first quarter year-over-year).

 

In the January through March period, 2,158 single-family homes were sold by Realtors®, 100 less homes sold compared to the same quarter in 2013. The first quarter decline follows a robust 2013 selling year. Single-family home sales in Salt Lake County in 2013 were the best on record in seven years. More than 11,700 homes were sold during the year, a 6 percent increase over sales in 2012.

 

Home sales fell in a number of cities including: Avenues (84103) down 16 percent; Canyon Rim, down 3 percent; Draper, down 11 percent; Herriman, down 11 percent; Kearns, down 6 percent; Magna, down 32 percent; Riverton, down 15 percent; Sandy (84070) down 9 percent; South Jordan, down 13 percent; and Sugar House (84105) down 22 percent.

 

The median home price in this year’s first quarter increased to $245,000, a 29 percent rise compared to a median price of $190,000 two years ago.

 

In the first quarter the median home price increased to $245,000, a 7 percent rise compared to a median price of $228,450 in the first quarter of 2013. This year’s first quarter median home price of $245,000 is the same median price as the first quarter of 2007, prior to the start of the Great Recession.

 

Sales of condominiums in Salt Lake County climbed to 559 in the first quarter, an increase of 4 percent compared to 537 sales in the first quarter of 2013. During the same period, the median condo price in Salt Lake County climbed to $172,500, up 11 percent compared to a median price of $155,000.

 

New listings increased to 5,247 homes in the first quarter, up 16 percent compared to 4,535 new listings a year ago.

 
Blog Archive
2017-04-16 09:49:56
Population Growth Shifting Out of SL To UT County

2017-04-16 09:49:01
State’s economy fueling population growth

2017-03-10 16:03:59
CNBC ranks Utah No. 1 state for business

2017-03-08 10:24:12
Toughest & Easiest States for 1st Time Home Buyers

2017-01-04 10:39:50
Housing Market 2017: The Positives & Negatives

2016-06-14 10:31:17
Salt Lake Monthly Housing Report

2016-05-20 15:42:35
Who Pays the Highest Property Taxes?

2016-03-31 15:49:40
Cities to Watch: 2016's Fastest-Growing Places

2016-03-29 13:19:08
Salt Lake Quarterly Housing Report

2016-01-28 08:37:27
Park City 2015 Year-end Statistics Press Release

2016-01-18 10:50:31
5 Things to Never Say When Selling a Home

2016-01-11 11:46:49
The ‘Missing Link’ in Housing

2015-12-23 12:08:43
5 Real Estate Trends That Will Dominate 2016

2015-12-15 10:56:50
How Will Higher Rates Affect Housing?

2015-12-04 10:39:02
Big Expectations for Housing in 2016

2015-12-01 10:07:30
6 ‘Tacky’ Home Décor Trends

2015-11-10 11:31:23
Home Buyers Don’t Need to Fear

2015-10-28 09:48:58
Home Prices Rising at Faster Pace Than Inflation

2015-10-20 15:23:54
Scammers Using New Chip-Based CCs as Fresh Phishin

2015-10-09 10:13:25
3 Home Inspection Deal-Breakers

2015-10-06 14:42:40
The Next Three Months: Best Time to Buy

2015-09-17 10:30:01
How High Will Mortgage Rates Actually Climb?

2015-09-11 14:14:05
Best Day of the Year to Buy a Home

2015-08-24 08:28:04
Home Resales at 8-Year High as Buyers Act Before M

2015-07-31 11:21:43
Utah Economy Newsletter June 2015 Now Available

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.