Sandy UT-Bank Owned Homes For Sale-8/18/08
Sandy Ut, has 72 Bank Owned Homes for sale or in the process of being acquired by the bank as of 8/18/08. That's only 2 more houses on this list than last month.
There is quite a bit of interest in short sales, foreclosures, HUD Homes information. Real Estate Investors, and those folks looking to improve their housing situation during this period of falling housing prices and home values are looking at trends in the market to help make buying a home in Utah an easier decission.
Since we want to be the source you turn to when you have a Question about buying a home, we continue to evaluate the housing market and supply statistics from around the Salt Lake Valley.
We are providing for our clients today, a comparison to last month, of the homes in Sandy Ut, that would be considered distressed properties.IE: HUD Homes, Bank Owned, REOs, Short Sales and Foreclosed Homes.
In addition, we will compare those listed homes by number with the available inventory in Salt Lake County.
Salt Lake County:
Of the 8611 homes in Salt Lake listed for sale, less than 10% (855) are Bank Owned, HUD Homes or Pre-foreclosure properties.
Sandy Utah:
As of today 8/18/08 there are 871 homes listed on the MLS in Sandy City.
That represents just a bit over 10% of the total homes listed in the entire County of Salt Lake.
Seventy two of these listings are considered to be distressed.
That is 8% of the total number of Homes/Condos for sale in Sandy.
Sandy contributes less than 1% of Bank Owned in the County.
Listing in the city increased by 30 single family units over last month
Fourteen of these new listings were Short Sales or Bank Owned..
Bank Owned Homes/Condominiums for sale increased only 2 houses.
Conclusions:
Based on the number of listings increased this month from last,and the small amount of distressed property being closed monthly, we would suggest that home buying opportunities exist in Sandy City. Further, we believe that the advantage to buyers will continue for Real Estate investors and move up families for some time. If you are relocating to Utah, it couldn't be at a better time to buy a house.
For a list that includes pictures, maps, prices, and important information about Homes for sale in Salt Lake County. check out SLC Homes to buy. To talk to a real person, give us a call @ 801-567-0946. We'd love to be your favorite Realtor.
We can talk about houses, town-homes, condos, Financing, Real Estate trends, and of coarse Sandy UT Bank Owned Homes For Sale- 8/18/08.