Murray, Midvale & Taylorsville Ut Homes For Sale Report. Feb,08
February's report on Murray, Midvale & Taylorsville Ut, Homes for Sale showed 408 Homes/Condos for sale in the area.
The homes for sale report is part of our ongoing commitment to provide our Real Estate clients the most timely and important Real Estate Information in the Salt Lake Valley. We hope its of real value to you and will help us establish a position of trust and confidence regarding our ability to be your "go to" source for every thing Real Estate.
The home sales statistics are provided to us by the Wasatch Front Regional MLS. The commentary and opinions are provided by Group1 Real Estate, or its Real Estate Agents. None of the comments should be considered legal or tax opinions.
Keep in mind that the number of homes and information will not include FSBO Homes (for sale by owner) or New Construction (New Homes for sale) offered by builders or their agents, as these homes are rarely listed.
Total Homes For Sale: 408
There are four hundred eight homes for sale in the Murray, Midvale, Taylorsville, Market area. More than any other market with the exception of downtown SLC the housing inventory includes a wide choice of condominiums and town homes.
Homes sold in February: 55
Of the 55 homes sold in Feb. over half were Condos. (28). The 27 houses averaged $240 thousand, the Condos $158 thousand. Over half the homes sales were 4 bdrms or more, with only 3 units selling with 2 bdms or less. Square ftg on average increased a very small amount (7%) from last year, but price per sq ft. increased less than 1 per cent.
Homes under contract: 85
Lately we have seen 15 to 20 % fall out rates, however , even if fifteen per cent of the contracts dont close, home sales in the area for March look to be up about 30 %. Not Bad.
Bank owned/Short Sales: 14
These are distressed properties, homes or condos for sale by banks or other lenders often for less than the original mortgage. The Murray, Midvale, Taylorsville area seems to have fewer, 3.4% of those properties you would find listed as Bank, HUD, REO, Foreclosure, or Short Sale. It would appear that Murray replaces Tooele as the least likely place to buy a foreclosure. Congratulations.
New February Listings: 170
Last month 170 listings were added to the MLS, but my observation is that many of these prices will need to be adjusted if the positive momentum of the area is to be maintained. The average new home/Condo listing is $260 thousand, about 20% above market for the area. Lets price them for today's market folks. As my granddaughter would say, "get real".
We hope you have found this information helpful, and that you will consider this website as "your source" for Real Estate Information around the Salt Lake Valley.
To search on your own for homes for sale along the Wasatch Front click on Salt Lake MLS and see photos, prices and locations. No registration is needed. For any Real Estate related questions please call @ 801 567-0946.
Thanks for taking the time to review the Murray, Midvale Taylorsville Ut, homes for sale report for Feb 08.