Salt Lake Market Update - 1st Quarter 2008 #1

Take a look at this graph that shows Average List Prices and Average SOLD Prices in Salt Lake County over the past 6 months and tell me you don't see the same thing that I do:

Salt Lake appears to have gone through a minor slump during 4th quarter 2007 and the beginning of 1st quarter 2008. Things appear to be almost exactly where they were 6 months ago.

It would appear that the real estate market in Salt Lake County has handled the necessary correction well and will go back to a small but sustainable appreciation rate.

The GOOD part in all of this is that the market was able to slow itself considerably and correct itself much better than many other markets around the country.

Avg List Price	Avg Sold Price
Oct-07	$279,640	$272,303
Nov-07	$267,019	$260,306
Dec-07	$275,348	$267,706
Jan-08	$274,884	$267,534
Feb-08	$277,292	$269,165
Mar-08	$279,549	$272,743

Data from WFRMLS Statistics as of 10:30pm 3/28/2007

If you are thinking about moving to the Salt Lake City area, make sure you get an Agent on YOUR side! 

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Area. We do not list any homes. We never represent Sellers.

We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

We're "The Real Estate Agents on the Buyer's Side" TM

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 60-90 days, call us at (801) 969-8989 or contact us via the link on this page.

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