West Jordan, Ut, 740 Homes For Sale, 5% are Short Sales
Of the 740 Condominiums and Homes for sale in West Jordan, Ut. Less than 5% (39) are short sales or are facing foreclosure.
Thats not a bad statistic when you look at some of the other areas of the country, where as much as 40% of the standing inventory of homes for sale can be characterised as distressed.
The Wasatch Front MLS gathers these numbers from home listings Realtors have entered into the system. They Identify a property as being either a Foreclosure, Bank Owned, a HUD Home, Short Sale, or a home that requires approval of a third party before it can be sold or purchased.
New homes/condominiums, (new construction) offered by builders that are sold from model homes, or subdivision sites, with their own Real Estate Agent representing them are not included in this report. Neither are homes for sale by owners (FSBOs) as they are generally not listed.
Short sales can have value for all parties in the Real Estate transaction. The owners get out of a mess without totally destroying their credit. On a short sale new IRS regs allow the debt relief to be a non taxable event, and in Utah the deficiency consequence of selling your house for less than you owe goes away.
Banks or mortgage holders are agreeable, as foreclosures are time consuming, costly, and leave homes vulnerable to vandalism, further value deterioration, theft, insurance liability and a host of other problems.
Best of all, Home buyers, whether they are families moving up, or Real Estate Investors can purchase new and previously owned homes for considerable savings.
The following examines some areas of interest you might have when looking for short sales or Bank Owned Homes for sale in West Jordan, Utah.
Total Inventory of West Jordan Homes for sale:
As of 4/26/08, there was 626 single family homes & 114 condominiums for sale in West Jordan.
West Jordan, Ut, has a listed housing inventory of almost 15% condos.
West Jordan Short Sales, or Bank owned Homes:
Only 5.5% of the single family homes, 35 can be considered as distressed property.
Only 3.5% of the 39 condominiums for sale in West Jordan Utah are Bank Owned, foreclosures or short.
Thirty day trend:
In the last 30 days 14 homes or condominiums have been added to West Jordan homes for sale.
Contracts have been signed by 10 home buyers. Ratified by lenders.
Six distressed houses have closed in W. Jordan in the last 30 days.
Commentary:
Short sales sold in W.J. over the last 30 days range from a $139,900 dollar 6 yr old 3 bdm 2 bth multi-level to a $579,900 dollar 4bdm,4bth ,4554 sq ft , 2 yr old 2 story near the Sycamores.. Available homes for sale are as varied as are the different neighborhoods around the valley. Real Estate, all things considered, is in pretty good shape in most areas of the West Jordan. Pre owned homes show very little signs of problems. Those areas West of Jordan Landing, where many New Homes have been built bear watching and if you are looking to buy a new home, should be investigated.
Buying a short sale home, or a foreclosed property isn't difficult, but it takes preparation, and an experienced Realtor.
If you have a Realtor, put them to work TODAY!!!
If you don't have a Realtor, we'd like you to check us out. Go to our web site Salt Lake Real Estate and see how serious we are about this business.
If you want to start looking for your next West Jordan among the 740 houses available, just click on the website pages that provide all the listings, Salt Lake homes. It's FREE, updated daily and lets you see pictures , addresses, prices, and necessary information. Or just give us a call @ 801-567-0946.
Remember, there are 740 West Jordan Homes for sale, 5% are short sales waiting for you to take advantage of the market.