Salt Lake Real Estate Information, The 31 Day Big Picture !!
Salt Lake Real Estate Information, and the big picture about Homes For Sale, Condominiums, and Town Homes listed on the MLS over the last 31 days can be a big help in your search for a new home in SLC.
Every bit of information about what homes are selling, how many houses/condos have sold over the last month, and how many didn't sell can assist you in evaluating the market and identifying trends.
Take a look at the Real Estate activity over the last 31 days, gleaned from the Wasatch Front Regional Multiple Listing Service (MLS) to get a feel for whats happening in the Salt Lake Market.
These numbers include all of the homes for sale in SLC with the exception of some of the Homes For Sale By Owners, (FSBOs) and many of the New Homes sold at model homes by agents of the builder, and not listed.
TOTAL HOMES FOR SALE IN SALT LAKE COUNTY:
There are 7831 homes for sale in Salt Lake County as of April 1, 09.
1557 of these homes are Condominiums.
1397 homes are Bank Owned Homes, Short Sales, Foreclosures, REOs, Or HUD Homes.
Less than 10% of those homes are Condos.
940 of these homes for sale are under contract.
1290 homes have expired for one reason or another.
MARCH ACTIVITY ON HOMES FOR SALE:
There were 2061 Salt Lake Homes listed in March,09.
322 of these were Condominiums for sale in Salt Lake City.
366 of the 1397 listed homes in March were distressed.
26% of homes listed in March were Foreclosures or Pre- Foreclosed Homes.
Contracts were written on 249 distressed homes/condos in March.
That represents 18% of all the Salt Lake homes listed.
Those 249 contracts are 26% of all sales.
In the last 31 days 634 Homes/Condos have been sold % closed in SLC.
175 distressed properties were sold and closed in March.
The fact that Foreclosures & Pre-Foreclosures were 27.6% of the homes sold in March in Salt Lake would indicate that searching for Bank Owned Homes, Short Sales, Corp. Owned, Homesteps, & HUD Homes is a good strategy whether you are a first time buyer, a move up home buyer, an Empty Nester or an investor, or family relocating to Salt Lake City.
We hope this Real Estate Information has been helpful and that as you continue looking for homes for sale in the Salt Lake Valley you will use our Web-site as a trusted tool.To access all of the homes for sale in Salt Lake, and to see "short sales" and Bank Owned Homes in one spot go to Salt Lake Real Estate. We provide you with pictures of homes, maps to communities, prices of homes listed for sale and most of the same information Realtors use to assist their clients. It's FREE.......and valuable.
For more immediate service ,and more Real Estate Information call us @ 801-567-0946.