Top 10 Highest Median Single-Family Home Prices along the Greater Wasatch Front
Salt Lake County home prices climbed to an all-time high in the third quarter, according to the Salt Lake Board of Realtors®. The median single-family home price in the July-through-September period reached $381,500. That’s up 7.5 percent compared to a median price of $355,000 in last year’s third quarter. Just three years ago, the median single-family home price reached $300,000, which was then an all-time high price. The previous peak home price was in the third quarter of 2007, when home prices topped $256,000 (or $298,085 in inflation-adjusted dollars). Home prices increased across all Wasatch Front counties including: Davis, up 6.2 percent; Tooele, up 2.6 percent; Utah, up 4.4 percent; and Weber, up 10.3 percent. Sales of single-family homes in Salt Lake County were flat (up 0.7 percent) in the third quarter year-over-year. Davis County saw sales increase 9.8 percent. Sales in Tooele County were up 4.7 percent. Utah County sales were up 11.8 percent. Sales in Weber County were up 12.1 percent. In the third quarter, the typical Salt Lake home was on the market 37 days before it sold – six days longer than the average time for a home to sell during the third quarter of 2018
Guidance and Support Are Key When Buying Your First Home
Guidance and Support Are Key When Buying Your First HomeIn June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR):“The...
Is It a Good Time to Buy or Sell a Home?
A Real Estate Pro Is More Helpful Now than Ever
A Real Estate Pro Is More Helpful Now than Ever Some HighlightsA recent study shared by NAR notes that both buyers and sellers think an agent is more helpful than ever during the current health crisis.Expertise and professionalism are highly valued and can save buyers...
Two Reasons We Won’t See a Rush of Foreclosures This Fall
Two Reasons We Won’t See a Rush of Foreclosures This FallThe health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result,...
Thinking of Selling Your House? Now May be the Right Time. Utah Realty Can Help
Thinking of Selling Your House? Now May be the Right Time. Experienced Realtors at Utah Realty Can Help! Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there...
Mortgage Rates Fall to 50 year low
Mortgage Rates Fall Below 3% Some Highlights Mortgage rates hit another all-time low, falling below 3% this week. If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment. Let’s connect today to determine your best...
Real Estate is a Top Investment
Mortgage Rates Hit Record Lows for Three Consecutive Weeks
Mortgage Rates Hit Record Lows for Three Consecutive WeeksOver the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the...
Buyers: Are You Ready for a Bidding War?
Utah Buyers: Are You Ready for a Bidding War?Hiring an Expert with 34 Years of experience might just be what you need to rise to the top! With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated...
Americans Rank Real Estate Best Investment for 7 Years Running
Americans Rank Real Estate Best Investment for 7 Years Running Some Highlights Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years. The belief in the stability of housing as a long-term...
