Real Estate 1st Quarter Report, Murray, Midvale, Taylorsville Ut
The first quarter Real Estate report comparing home sales information in Murray, Midvale, & Taylorsville Ut, with market conditions from last year is ready.
The statistics are supplied by the Wasatch Front MLS, any commentary is our own (Group1 or their agents).
We hope that in our effort to provide you with the most accurate and timely Real Estate information available in Salt Lake Valley we have offered something of real value with these home sales reports.
First Quarter Report:
Murray, Midvale Taylorsville number of homes sold.
Ninety eight single family homes were sold during the first quarter. Thats almost a 41% decrease from the 164 sold in 2007.
Average sales price of single family homes sold.
The average sales price of homes sold in the first quarter was up 4.39% to $248,663. Thats almost $75,000 dollars more than homes sold for in quarter 1, 2005.
Murray, Midvale, Taylorsville number of Condos sold.
The 93 Condominiums sold were down over 35% from 07. However that number still represents almost 50% of all the homes sold in the 3 cities. Other than downtown Salt Lake, this area provides the bulk of Condo sales for the valley percentage wise.
Average sales price Condominiums sold.
At $149,569 , the average Condo price appeals to a broad segment of the home buying market in Murray, Midvalle, & Taylorsville. Because of the favorable price point and lack of new condos in that price range, Condo sales were up over 8%.
New listings, Homes & Condominiums.
First quarter listings for houses & condos were up almost 19% from 509 a year ago to 604 this year. So far we have not seen a high number of Bank Owned or Short Sale homes for sale.
Average % of new listings sold.
Homes sold divided by the available homes for sale show that only 31.62% of the new listed homes are sold, that is a decrease of almost 48%. and over time will create a negative price adjustment. What we see now is an 88% increase of days on market.
New average asking price.
The new asking price of homes for sale in Murray, Midvale, & Taylorsville Ut, is $244,146 up 7.20% from last year.
Conclusions.
Murray, Midvalle, & Taylorsville is weathering the storm pretty well. There is a good mix of product, both new and used homes in price ranges that are still within reach of most of the market. Because of the wide range of product the area appeals to a diverse market which includes young singles, first time buyers, and investors who specialize in fixer uppers. Occasionally a nice infill project of new homes is built and locals are able to move up without leaving the area.
We know that this report may not answer all of your Real Estate questions about this area, but hope it will get you started. To discuss any particulars please feel free to call Us at 801-567-0946, we'd love to help.
To see all of the listings go to our website and click on Salt Lake Homes. You'll have pictures, prices, location, and listing data just like the Realtors get. We update daily so plan on coming back often.
Another source for important home buying information is our Salt Lake Real Estate site. Click on and enjoy.
Thanks for being here, and thanks for checking out our first quarter Real Estate report for Murray, Midvale, & Taylorsville, Utah..