A bit of actual Tooele County Real Estate stuff...

A bit of actual Tooele County Real Estate stuff...

After several posts about "life" (read: auto racing!) in Tooele County, I thought I'd change it up a bit and talk about Tooele County Real Estate Stuff. The sales figures for July were released a couple of weeks back, and there are some interesting things and some things that aren't that surprising.

The first non-surprising thing is that most of the home sales took place in the areas of Grantsville UT, Tooele City, and Stansbury Park. Home buyers pretty much look for homes and buy houses in those 3 areas. Lake Point and Erda get some activity as does Stockton and West Wendover Utah, but not enough to "move the chains" as they say.

Tooele County fared better than most of the rest of the State. While the number of sales dropped by 23%, that's considerably better than the nearly 31% experienced State wide. For the year, Tooele County is still up over 12% for the year, against the State's 8% increase.

Regarding median sales price, Tooele County is down 5.9% for the year, with a price of $164,500. For July, however, median price jumped up nearly 10%, against a trend State wide showing a drop of 0.5%. What we are assuming of course is that the last of the tax credit sales were taking place. So, why the jump in sales price? Wish I knew. My gut tells me that it was a result last minute "Christmas Eve" sales, trying to get in under the wire, believing the deadline wouldn't be extended again, and buyers were willing to pay a bit more in the long run for the short term tax credit gain. Plus, people figured out that you could get more house in Tooele County than you could elsewhere!

Like many people, I'm looking forward to seeing what the August numbers bring. I'm guessing that it'll be same old, same old. Market is tough, but Tooele County is a better place to be than most!

If you are looking @ homes for sale in Tooele County and need a place to search the latest Tooele listings stop by our website, or call us @ 435-840-5029, we can talk about racing, cooking or a bit of actual Tooele County Real Estate Stuff.