A Market Report on Murray UT Homes For Sale in Salt Lake reveal some interesting facts about what has happened to the inventory of homes/condos in this small Salt Lake Suburb.
Of the 258 Homes listed for sale in Murray, only 147 are single family homes.
One hundred eleven were listed as condominiums, Town homes, or attached houses.
Only 57 % of these homes were detached single family homes for sale in Murray UT.
Forty three % of the SLC homes for sale in Murray UT are Condominiums.
If your searching Homes For Sale In Murray Utah, you need more information on Salt Lake City homes for sale and sold properties.
If you are looking at Salt Lake Homes for Sale in Murray Utah, these are stats you need.
Statistics provided by the Wasatch Front Regional Multiple Listing Service for the month of July, do not include homes for sale in Murray by FSBOs (for sale by owners) or most of the new homes or condos offered by builders in the area.
Murray Utah Homes For Sale In Salt Lake:
There are usually about 250 to 300 listed homes for sale in Murray UT.
The absorption rate for homes and Condos in Murray UT is 8.41 months..
Homes Sold In Murray Utah in July 2009:
There were 23 Homes sold in Murray.
That was 11 fewer than the homes sold the previous month.
Murray Homes sold in 2009 were less by 21 than 08 homes for sale.
July 09 Homes sales decreased over $5.5 million dollars from 08 July sales.
The average price of a Murray Condo or Home Sold in July of 09 was almost $204,000.
The average price of the Murray homes sold in July 09, was almost 11% less than in 08.
Murray Ut homes sold for 84% of the listed price of homes for sale in Murray.
Average price per square foot this July ($99.10) was almost $24.00 less than a year ago.
Days on the market have increased from 88 days in July 08, to 138 days this year.
We hope this report gives you the information needed to make an informed decission on buying or selling a Salt Lake Home in Murray Utah.
If Murray UT is not where you want to live, you can see all of the Homes For sale in Salt Lake if you go to our website Salt Lake Homes and you can see photos, maps, prices, and real info about all of the homes for sale in SLC.
Or call us and lets talk about our Market Report on Murray UT Homes For Sale and Houses and Condos sold in Salt Lake city. 801-567-0946.
Reading headlines can be confusing to those looking to buy a Salt Lake Home.
Last week, depending on where you looked, you could find a headline that declared that the recession was over, or that home sales were up for the 5th month in a row, (so the drought was a thing of the past) or that the comparison between the number of homes for sale was less last month than the same month last year. I guess less inventory means we have achieved recovery.
But it's not that simple.
South Dakota is not Utah. Dallas is not Salt Lake City.
So for the next few days I'm going to help you see the Real numbers in areas that you might find helpful as you make your home buying decision.
Today we will offer statistics for Salt Lake County. Each day we well analyze a separate area around Salt Lake. If you are interested in a particular Salt Lake town or Community give us a call and we might be able to re arrange our schedule; 801-567-0946. Later this week we will be looking at West Jordan Homes and homes in Murray Utah.
If you are looking at Salt Lake Homes for Sale you should find these stats important. These are current statistics provided by the Wasatch Front Regional Multiple Listing Service for the month of July.
County of Salt Lake Homes For Sale:
There are usually about 7500 listed homes for sale in Salt Lake County.
The absorption rate in the entire county is 7.31 months.
Homes Sold In Salt Lake County in July 2009:
There were 958 Homes sold in Salt Lake.
That was 247 fewer than the homes sold the previous month.
Salt lake Homes sold in 2009 were less by 86 homes for sale.
July 09 Homes sales decreased over $40 million dollars from 08 July sales.
The average price of a Salt Lake County Home Sold in July of 09 was almost $250,000.
The average price of the Salt Lake homes sold in July 09, was 6% less than in 08.
Salt Lake Homes sold for 86% of the listed price of homes for sale in SLC.
Average price per square foot this July ($101.68) was almost $17.00 less than a year ago.
Days on the market have increased from 110 days in July 08, to 117 days this year.
There you have it, real information to help you make that all important decision about where you want to start looking for a Salt lake home to buy.
To see all of the salt Lake Homes For sale, go to our website Salt Lake Homes and you can see photos, maps, prices, and real info about all of the homes for sale in SLC.
Or call us and lets talk about how headlines can confuse someone looking to buy a Salt Lake Home !
Almost every day we are asked "what areas are the best buyers markets for Salt Lake Homes For Sale".
Buyers market meaning where are home sellers having the most trouble selling their homes? The theory being that that is where the best home buys are.
The rule of thumb is generally considered that if the supply of homes for sale is projected to be on the market for over 6 months, we have a "buyers market". If the supply of homes for sale looks like it will take less than 6 months to sell then we are in a "sellers market". See absorption rates.
You may say, that's simple enough. But wait!
It's not real simple because even within certain communities, a certain type of home or condominium can be in a buyers market while right next door you can find a home for sale that would be considered a sellers market property. An example of that could be an older condominium in West Jordan being in a buyers market because so many new Condos and Townhomes have been built in W.Jordan in the last few years that an older West Jordan Condominium takes much longer to sell.
The flip side of that is that older condominiums in Cottonwood Heights would be at a premium because so few new condos have been built. So, you have a sellers market.
Having said all that however we are going to try to paint with a broad brush for you and list the areas around Salt Lake City and the overall absorption rate of homes for sale.
Salt Lake County: Overall SLC is a buyers market w/ an absorption rate of 7.31 months on an inventory of 7,671 homes for sale.
Herriman Utah: Homes for sale in Herriman UTare now in a sellers market as the absorption rate has been reduced to 5.86 months on homes for sale in Herriman numbered at only 287.
Taylorsville Utah: Is a buyers market as the 246 Taylorsville UT homes for sale are expected to sell in 5.90 months.
Riverton Utah: on 267 homes for sale in Riverton UT, the absorption rate is 6.51 months. This makes Riverton a buyers market, but trending very fast in favor of the home seller.
West Valley City Utah: WVC is currently in a buyers market with an inventory of West Valley City Home for Sale of 606 with an absorption rate of 6.83 months.
Salt Lake City UT: There are 2,345 homes and condominiums for sale in Salt Lake Citywith an Absorption rate of 7.02 months. SLC is a home buyers market.
Midvale Utah: Homes and Condominiums for sale in Midvale are turning in about 7.04 months making Midvale a buyers market. This is a market where older homes in midvales better neighborhoods are probably enjoying the benefits of being in a home sellers market.
West Jordan Utah: The 759 Homes for Sale In West Jordan have an absorption rate of 7.07 months which would make homes in W. Jordan part of a buyers market.
South Jordan Utah: Homes for sale in South Jordan number about 464 and will take about 7.56 months to be absorbed. A buyers market.
Draper Utah: On 518 Homes for Sale in Draper UT, it is considered a buyers market as at current sales levels these homes will last for about 8.14 months.
Murray Utah: Murray UT has 258 Homes for sale and those are projected to sellout in about 8.14 months. Murray homes and condos are in a buyers market.
Cottonwood Heights Utah: There are 182 Homes for Sale In Cottonwood Heights which is considered to be a buyers market by virtue of the 8.53 month absorption rate.
Holladay Utah: The 264 Homes for sale in Holladay Ut should take about 9.66 months to sell. Holladay UT is a buyers market.
Keep in mind that the previous findings only measure a certain segment of each market and if you are considering a Real Estate investment in any of these areas ask your Realtor to determine a specific absorption rate for you by type of homes for sale and price range.
It's the way smart home buyers craft an offer.
If you don't have a Realtor, give us a try. We know the business and have a very unique style.
Stop by our website @ Salt Lake Real Estate and see that we are serious about what we do.
Or, call us at 801-567-0946. We'd love to talk to you further about the best "buyers market " areas of Salt Lakes Homes For Sale.
Thinking of buying a home in Salt Lake City? Looking for trends to help you evaluate the market? Like to compare whats happening nationally before you commit to that foreclosure in Herriman? Here are some stats for you to start.
Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®.
So said the editor @ Real Town, a Real Estate Industry authority and publisher of numerous blogs and forums. I'm going to share with you some of the comments made in the article to give you an idea about some of the national statistics and opinions about whats going on in Real Estate that could help with local home buying or selling decisions. You can read the entire article @ Market Conditions.
Here are some national statistics worth noting if your looking to buy a house in Salt Lake City.
So there you have it some pretty good numbers from which to help you spot trends and make your own decisions about buying a home in Salt Lake City.
Remember though, all Real Estate is local.
Homes for sale in Sandy UT are priced differently than West Jordan homes for sale, and there may be more foreclosures from which to choose in Draper than in Murray UT. Real Estate Values can be differ within just a couple of blocks in SLC.
Your local Realtor can provide you the kind of information you need to make informed home buying decisions. Ask them.
To research additional reports and articles, stop by our website @ Salt Lake Real Estate check out our blog, and enjoy the many Real estate tools we provide our clients.
If you don't have a Realtor, give us a call @ 801-567-0946.
We'd like to talk to you about Buying a Home in Salt Lake City Utah.
If you're over fifty five and about to leave home for retirement, then check out Garden Park at Daybreak in South Jordan UT.
The grand opening, complete with model homes is scheduled for August 8th, less than 2 weeks away.
Garden Park village is a new South Jordan community in Daybreak specifically designed for Utah empty Nester's looking for a new way to live.
With over 100 acres to build 500 plus new homes for Utah's active seniors, Kennecott land the owner of Daybreak, has broken tradition. Instead of parcelling out the new construction responsibilities to a variety of specialty new homes builders, they have charged Utahs largest New Home Builder, Ivory Homes, to build out the entire Village.
I like that because over the years, good times and bad, Ivory Homes has delivered. In over 25 years i have never seen them leave a new home subdivision until it was done: IE The last New Home Sold.
Also, Ivory communities traditionally have held value and remained an asset to any area in which they have been built.
Location of Garden Park Village at Daybreak in South Jordan UT:
This 100 acre new home development is ideally located in the center of Daybreak, Utahs fastest growing major housing development. Daybreak in South Jordan is surrounded by Riverton UT, on the East, West Jordan on the North and Herriman on the South. The panoramic views of the Oquirrh Mt's add value and beauty on the West.
Over 4000 Salt Lake New Homes/ Condominiums are planned for the various communities that will eventually be built in Daybreak. Each House in Garden Park will be conveniently located within walking distance of the 70+ acre lake, shopping, and trail system.
Garden Park Village, Homes for Seniors:
Initially there will be two choices of new homes in Garden Park of many different designs. Both choices are new construction to be built and are two bedroom homes. Some of the new homes will be single family detached homes, the other patio types. In keeping with the needs of the over 55 crowd, all homes for sale feature a ground level master suite, and based on design choices will be priced from the low $200s to the $400s.
Model homes that represent in an exciting manner, the Salt Lake homes for sale in Garden Park @ Daybreak in South Jordan are scheduled to open early next month. get prepared, and you need to prepare your agent. Those wonderful, knowledgeable salespeople that meet you at the Model Home entrance know their product and are very helpful. But...... They work for the New Home Builder. They represent the seller. You NEED someone to represent the buyer. YOU !! To find out more about why you need your own Realtor read Why you need representation.
If you dont have a Realtor, call us 801-567-0946. We'd like to help.
If homes for sale in Daybreak are not what you are looking for, check out our website. You can search over 20,000 listed homes in Salt Lake City. You'll get Prices, pictures, maps, and most of the same information Realtors use to help you search.
Bottom line though, If your thinking of leaving home lets get together and check out Garden Park @ Daybreak in South Jordan Utah.
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