Information-Salt Lake City Homes For Sale-Oct,08 !
This Information on Salt Lake City Homes For Sale- Oct, 08 is provided by Group1 Real Estate for clients looking to buy or sell a home in the Salt Lake Valley in the near future.
The information is designed to provide timely and important Real Estate statistics to those looking to evaluate Real Estate trends about homes for sale, prices for Salt Lake City Homes/Condos, Homes listed in SLC and an overview of distressed properties. IE: Bank Owned, HUD Homes, REOs, Homesteps, & Short Sales.
These housing statistics are compiled by the Wasatch Front Regional MLS, and are a composite of all the homes listed for sale by local Realtors.
The scope of this report is all of the homes for sale, and condominiums listed for sale in Salt Lake City Utah. Assessments of other cities and towns along the Wasatch Front that make up the Salt Lake Market will be analysed in other reports..
While we believe the statistics, and assumptions in this report are accurate, it can not contain information on all of the homes for sale in Salt Lake City, New Homes in SLC (New Construction) like the West Capital Hill Town House Development or the Urbana on 11th in Sugarhouse are not included in this report, as New Home Builders generally sell homes from Model Homes, using other promotional means and employing their own representation. ( read our page about "buying a new home").
The same is true with homes for sale by owner (FSBOs). Even though a high percentage of these houses are ultimately sold by Realtors most FSBOs do not list their house on the MLS.
SALT LAKE CITY HOMES FOR SALE:
Total Listings of Salt Lake City Homes For Sale:
- There are currently 2366 single family homes for sale in Salt Lake City UT.
- 649 are Condominiums.
- 515 of those homes (147 condos) were listed w/in the last 30 days.
- In the last 30 days 199 homes were put under contract. (42 condominiums).
- 33 of the 179 single family homes sold and closed last month was a Condo.
October Home Sales In Salt Lake City Utah:
- The median list price of SLC homes listed last month was $239,900
- The median sales price of homes sold in Salt Lake City last month was $216,000
- This represents an 10% discount.
- The $133 per sq ft sales price was up $9.00 from last years $142 per sq ft.
- The median house sold in Oct, was a 4 bdrm 2 bth.
- Median days on market of 63 was an increase of 23 days over last year.
Salt Lake City UT Foreclosures & Pre-foreclosures Information:
- Currently 243 homes for sale in SLC Utah are distressed.IE: Bank Owned, HUD Home, Homesteps, Short Sales, or require third party approval for any transaction.
- That represents a little over 10% of the homes for sale in Salt Lake City Utah.
- 40 of the foreclosed or pre foreclosed homes are condominiums.
- 47 of these problem houses were listed in the last 30 days.
- over the last 30 days 0 distressed condos (25 houses) was placed under contract.
- During that same time 18 foreclosed homes were sold and closed.
We hope you have found this information helpful in your home search and that you will look to Group1 as a trusted resource for all of your Real Estate needs.
To view the over 8000 Salt Lake homes for sale or the over 2366 homes for sale in the City of Salt Lake mentioned in this report visit our website at Salt Lake Homes, you will have access to almost everything a Realtor would have to help you with your search for a house; pictures, maps, prices, terms and pertinent information. No registration is needed.
To look at all of the Bank Owned, Foreclosed or Short Sale Homes listed in one place check out Foreclosures. Come back often as we update daily and we offer the service at no charge.
Or you can call us @ 801-567-0946 to discuss this Information-Salt Lake City Homes for Sale Oct, 2008.