Sandy, UT

Recently Forbes Magazine ranked Utah as the top place for jobs and business in the U.S. If you are a business owner already in SLC, or a business owner considering relocating to Salt Lake City the Salt Lake Chamber of Commerce offers a number of resources for you.

The Salt Lake Women's Business Center is hosting a Business Essentials seminar. The event will take place on March 11, 2009 from 8:30 - 10:00 a.m. The Featured speaker will be Monica Rafferty. She will be speaking on the importance of finding the right location for a business. Ms. Rafferty will also address the pros and cons of buying as opposed to leasing.

Ms. Rafferty's background is in marketing and strategic planning, helping business owners achieve superior results. She also specializes in Commercial Real Estate. Prior to that she spent 20 years in product management and strategic planning for such clients as American Express and Morgan Stanley Asset Management.

This seminar promises to be advantageous to local business owners as well as those considering a move or additional business location in Utah.

If your interested in Information on Salt Lake Home Foreclosures & Short Sales in Sandy UT, then this is the blog for you.

We take a look at distressed homes for sale in Sandy that have been sold over the last 30 days. IE: Bank Owned Homes, HUD Homes, Home-step Homes, Foreclosed Homes, Short Sales, REOs and any other Salt Lake City Homes for Sale that require third party approval before title can change hands.

Why is that important?

Analysing short sales & foreclosed homes sold in Sandy UT, can help home buyers put together compelling justification for an offer submitted for less than what a property is listed for.

Banks want to sell for all that TRAFFIC WILL BEAR.

This information could help you or your agent create a story, based on CURRENT FACTS ,to support the notion that YOUR OFFER IS WHAT TRAFFIC WILL BEAR !!

Foreclosures & Short Sales Sold in Sandy UT, Last 30 Days:

The MLS shows that there are 736 homes listed for sale in Sandy UT as of 2/09/09.
90 of these listings are either foreclosures, or pre-foreclosed homes.
In the last 30 days 41 of the homes listed in Sandy were sold.
Of the 41 homes sold, only 7 of were Bank Owned, HUD Homes, Short Sales, or Foreclosures.
The 7 homes sold are the following.

1024 E Belle Canyon Dr, Belle Canyon, Sandy, Utah:
This home was a short sale listed @ $195,000 and sold after 48 days on the market for $185,000.
On 11/28/08 this home was listed on the MLS for $221,000 dollars.

2937 Fallentine Rd, Sandy, Utah:
This home, a Short Sale, was listed for $329,000 and sold for $321,000 dollars 124 days later.
In 2007, the home was listed @ $830,000 dollars.
In March of 2006 the home was sold at $473,500 dollars.

538 Johns Way, Sandy, Utah:
This is a Bank Owned Home (REO) that was on the market for 115 days.
Listing price, $399,900 sales price $354,000 dollars.
On 9/08 the home was listed for sale for $599,000 dollars.

2121 E Carriage Chase Ln, Farnsworth Farms, Sandy, Utah:
This home in Farnsworth Farms was listed for $400,000 dollars and sold for $371,000 dollars.
The home was listed for 84 days, as a short sale.
In Jan. of 06, this home sold for $461,700 dollars.

158 E Belle Glenn Cir, Belle Glenn, Sandy, Utah:
After 401 days on the market, this short sale was listed & sold for $425,000 dollars.
One year ago (02/20080 the home was listed for sale on the MLS for $725,000.

10698 S Hollow Cove, Crescent Hollow, Sandy, Utah:
Short Sale listed for $514,000 and sold for $482,000 dollars.
Home was on the market for 236 days.
On 5/09/08 the home was listed for $649,900 dollars.

10005 S 3100 E, Cardiff Estates, Sandy Utah:
Luxury home listed as a short sale for $1,200,000.
Sold for $891,000 dollars.
Was on the market for 305 days.
Listed 08/13/2008 for $1,850,000 dollars.

Now you have the numbers to build your "story" and defend your offer for your new home in Sandy UT.

If your still looking for your new home in Sandy, feel free to visit our website, Salt Lake Homes for access to all the homes for sale in Salt Lake. You'll find prices, photos, maps, directions, and a ton of information to help your home search.

If you have a Salt Lake Real Estate question and are in a hurry, call us @ 801-567-0946.

In the meantime, we hope we have been helpful as you check out the Information on Salt Lake Home Foreclosures & Short Sales in Sandy UT.

By: Robert A. Hulme - Realtor - Loan Officer

When it comes time to purchase new home, your first step in the purchase process is to get pre-qualified for your home loan. Once you contact a Mortgage loan officer, he will ask you to fill out a Mortgage Loan Application (1003) and supply him with documentation. The documentation required will vary, but generally you will supply the following:

•· Federal income tax statements and verification of any additional income

•· Your two most recent W2's

•· Current paycheck stubs

•· Recent bank statements

•· Asset and liability information (stocks, bonds, other real estate, etc.)

Good Luck and Happy house hunting.

Just under 1,000 houses sold in 2008, down almost 28% from 2007. Average sold price went from $351,114 to $321,137, down 8.5%. Median sold price went down 6.5%, from $286,250 to $267,500. Current average price of Sandy homes is 30% more than what sold price was in 2008. Current median price is almost 19% more than sold price last year. There are 710 MLS homes listed and 8.85 months of inventory.

These numbers are not offical.

Any one wondering about Salt Lake Homes for Sale In Sandy Utah?

I was, and if your a Real Estate investor or your looking to buy a new home, you should be as well.

So Sunday I took a look at the MLS statistics related to the area with the greatest number of homes for sale in the Salt Lake Valley. (710). SANDY, UTAH.

Yes thats 710 single family residents (either houses or condominiums) listed for sale in an area that has seen little new construction in the last few years.

Speaking of Condominiums, we were surprised to find that over 100 of these listings (14%) were Condos. Mostly Town-Homes. That makes Sandy UT the home of the 3rd highest concentration of condos in the SL Valley.

It was surprising that the numbers we thought significant, IE: Sales last 30 days, contracts signed, New homes listed, and number of distressed properties mirrored our report on homes for sales activity in West Jordan on the same day.

Here's some of the stuff we found.

Homes Sold In Sandy Last 30 Days:
Forty four units closed during the last 30 days. At that rate, there is about a 14 month inventory of homes for sale in Sandy, if you assume new listings will be offset by homes being withdrawn from the market for various reasons. Great opportunity for Home Buyers.

Contracts Written on Homes For Sale Last 30 Days:
During the last 30 days, 40 contracts were written for homes for sale in Sandy Utah.

New Homes Listed Last 30 Days:
New listings in Sandy during this 30 day time period was almost 3 times the number of contracts written in the same period. This trend unless reversed soon, can significantly change the Real Estate climate in Sandy, so that homes will not only sit an unusually long time on the market, but begin to take its toll on equities and home values.. Again a buyers market that could get even better.

Sandy Foreclosures and Short Sales:
One hundred six Sandy Homes are characterised on the MLS as "distressed Homes". That is, the house or condo is listed as Bank Owned, REO, Home-steps, HUD Home, Short Sale, Foreclosures, or needs approval from a third party to transfer title. This is a surprising number as in most of the other areas, the distressed homes were generally less than 5 years old. As has been mentioned, Sandy is a mature community with little new construction. We will be looking into this at length over the next week or two.

To find your own information about the Salt Lake Housing Market stop by our website @ SLC Homes and get photos, prices, maps, and much of the same material Realtors use to search for homes. It's FREE and we update daily.

To talk to a real person, call 801-567-0946. We love to talk Utah Real Estate, and particularly about Salt Lake Homes for Sale in Sandy UT.