The Draper Utah homes for sale report for Salt Lake on 7/01/09 shows 7551 homes or condos listed in Salt Lake County. Fifteen hundred seventy six (20.8%) of these homes are condominiums. Draper Utah homes make up almost 6.6% of that number, with 505 single family homes for sale. Ninety two (16%) of those are condominiums.
The information contained in this Draper Real Estate Market Analysis is provided by the Wasatch Front MLS, from home listings supplied by Realtors from around the Salt Lake Valley.
While the numbers are from the MLS, any commentary is the opinion of Group1 Real Estate Agents. It is just that, an opinion, not legal or accounting advise, or recommendations outside the agents area of expertise.
This report will not include most of the homes for sale by owner, (FSBOs) as these houses are rarely listed across the MLS. However it should be noted that a very high percentage of these homes/condos are sold by Utah Realtors.
Likewise New Homes, (new construction).
Most builders employ agents to sell their own homes/condos from Model Home complexes. Most of the time these new homes are not listed, and the sales agent is an employee, (paid by) the new home builder. Good examples of this would be the Daybreak community in South Jordan and Rosecrest in Herriman UT. Both of these communities have an extensive model home presence.
Keep in mind that unless you take your own agent to view the Models, you have no representation. You should.
It's FREE!!! Read how to shop for a new home.
Whether you are a Real Estate Investor, home buyer, or part of a family that is considering re-locating to Draper UT or any other town in Salt Lake County, we hope you will find this report helpful. and the Real Estate information timely.
Homes for sale in Draper UT:
There are 505 homes for sale in Draper Utah, as of 01/07/09
Over 18%, or 122 of these are Condominiums.
Single family detached homes for sale in Salt lake County number 5975.
Condominiums for sale make up 20.8% of the homes for sale in SLC, 1578.
Draper Homes activity last thirty days:
In the last thirty days,90 new home listings have been added to homes for sale in Draper UT.
13 of these were condos. Almost 7% , is less than the proportionate share.
58 Draper homes were sold and closed in that same time frame.
62 new contracts were written by Salt Lake Realtors. 16 of these were Draper UT Condominiums.
Draper Bank Owned, foreclosures, HUD homes, And homes that need 3rd party approval:
The total number of distressed homes listed on the MLS in Draper Utah is 124.That's a little over over 24.5% of the total homes listed.
This number is about the same as West valley City, and twice that of Murray UT.
Twenty one of these homes/condos have been added within the last 30 days to home listings in Draper UT.
492 of these homes (foreclosed homes and pre foreclosures in Draper) have sold in the first half of the year.
Thirty one distressed properties were placed under contract last month.IE: Bank Owned, Short Sale, HUD Home, or offer that requires 3rd party approval.
About Draper homes for sale:
Of all the areas in Utah, the Sun crest area of Draper probably affords the homebuyer and investor alike the greatest opportunity for gain. It also is an area that contains substantial risk. With the bankruptcy of the developer in May of last year through the lawsuits between Draper City and Zions Bank the development has been destabilized to say the least. Obligations are no longer valid and the overall plan has changed and is bound to change even more as the commitments are evaluated by interested parties. It has been my experience that over time these things will work themselves out, but investing in Sun crest is not for the faint of heart. I would encourage anyone considering an investment in Draper to get a Realtor that is knowledgeable about the area and experienced in Real Estate new development.
Active homes listed for sale in Draper range in price from $150,000 to $3,198,000 dollars.
The average price of Draper listings is $498,000.
The average contract written is $403,000.
Draper houses closed (on average), selling for $397,000.
The average days on the market for homes in Draper is 178.
Sixty five % of the homes listed for sale in Draper Utah are priced between $150 and $400,000 dollars.
We hope this report, and companion reports featuring homes for sale in other towns in the Salt lake metroplex have been helpful. look for market statistics for South Jordan and West Jordan on this same site.
To have a look at the 7550 homes for sale in Salt Lake, go to our web-site @ Salt Lake Homes. You can access pictures, prices, Maps, directions and pertinent information about homes available across the Salt Lake Valley.
To talk to a real live Realtor call 801-567-0946.
For any additional Real Estate Information stop by Salt Lake Real Estate and enjoy hundreds of tips about the home buying process.
Whether you are looking for a Real Estate Investment in Draper or a house to look at, you can find it there. And it's FREE.
Thanks for being here and thanks for reading the Draper Utah Homes For Sale- Salt Lake 7/01/09.
High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing. 
