This report on Salt Lake Real Estate and Sandy UT,Homes for Sale is provided by Group1 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 concerning homes for sale, prices for Sandy City UT, Homes/Condos, Homes listed in the Sandy area 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 Sandy UT.
While we believe the statistics, and assumptions in this report are accurate, it can not contain all of the homes for sale in the Sandy City area.. New Homes in Sandy (New Construction) like Ivory's Paradise Valley or Pepperwood Creek projects or Quarry Bend, a Condominium development by Garbett Homes will not be 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 HOMES FOR SALE In SANDY UT:
Total Listings of Sandy Homes For Sale:
- There are currently 816 single family homes for sale in Sandy.
- 111 are Condominiums.
- 167 of those homes (21 condos) were listed w/in the last 30 days.
- In the last 30 days 64 homes were put under contract. (9 condominiums).
- Only 9 of the 64 single family homes sold and closed last month were condos.
October Home Sales In Sandy City UT:
- The median list price of Sandy UT, homes for sale last month was $269,000.
- The median sales price of homes sold in Sandy City last month was $255,000.
- This represents an 5% discount from asking price.
- The $108 per sq ft sales price was down 17.5% from last years $132 per sq ft.
- The median house sold in Oct, was a 4 bdrm 3bth.
- Median days on market of 77 was an increase of 48% over last year.
Salt Lake Foreclosures & Pre-foreclosures In Sandy UT:
- Currently 51 homes for sale in Sandy are distressed.IE: Bank Owned, HUD Home, Homesteps, Short Sales, or require third party approval for any transaction.
- That represents about 6.2% of the homes for sale in Sandy.
- About 15.5%% of the foreclosed or pre foreclosed homes are condominiums.
- 19 of these problem houses were listed in the last 30 days.
- over the last 30 days 12 distressed homes were placed under contract.
- During that same time 4 foreclosed homes were sold and closed.
We hope you have found this report 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 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 Salt Lake Real Estate -Sandy UT Homes for Sale Report Oct, 2008.
