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Julie Neerings~Lifting Hearts ♥ Building Dreams~Utah REALTOR®

Utah Home Buyers: Don't Miss the Boat~It's a Buyers Market!

 Attention Buyers: Buyers boarding…Ahhhhlll Aboard! This is your cruise ship captain and I would like to welcome you all aboard our cruise ship “Buyers Brilliance”. No need for Dramamine here because this is going to be a smoooooth ride.

Hey, you over there kicking back in your lounge chair on the shore, haven’t you heard about the Buyers Market? Oh, you say you’re scared and just want to kick back and watch the other buyers to see what is going to happen? I completely understand, you’ve been hearing a lot of mixed information about the real estate market. If you climb aboard you will find that our market is all about YOU the buyer. So, my recommendation to you, “Don’t Miss the Boat”.

So grab a drink,sit back in comfort, enjoy the sun and take it all in as we cruise across the ocean to have an overlook of exactly what a Buyers Market is.

Now is a great time for buyers in the real estate market because it’s just that, a Buyers Market. Is what that means, is there are more homes up for sale than there are buyer’s. That means a whole lot for YOU.

 With the annual absorption rates, which are based upon the past years performance you will see how many months inventory we have right now. It was inevitable that we would find ourselves in a much needed Buyers Market to balance out the market as a whole. That balance creates a “normal market”. As a benefit to you, the buyer, seller’s are providing many incentives for you to get out and buy real estate.

What are those incentives, you ask?

  • More homes in the inventory to choose from, existing and new builds. (see example below for current inventory and absorption rates)
  • Sellers contributing to closing costs, buy downs, bonuses, price reductions on 250k+ and inclusions.
  • Mortgage rates are very low at this time which gives you the availability to get more home for your price and to keep your payments down.

This will be the foundation for you to build upon your dream of buying a home in Utah. Before we pull into the dock there are some important points to remember so that you can get started on achieving your dream of buying a home in Utah. Whether you are a First Time Home Buyer, a buyer purchasing your 2nd+ home, relocating from another state or have a military transfer to Hill AFB the following steps will help you to achieve that goal.

  1. Call your lender to get pre-approved. If you don’t have a lender, call Julie Neerings REALTOR®, she has a great team of lenders that will provide you with exceptional service.
  2. Call Julie Neerings REALTOR® for a FREE consultation to discuss your wants and needs in a home and then Julie will take you shopping for a home.
  3. Start planning your move and fulfilling your dreams of homeownership in Utah.
  4. Keep updated on market trends, homes available and much more by visiting the Heart of Utah Real Estate website and Heart of Utah Real Estate Blog.

Thank YOU for joining us on the cruise of "Buyers Brilliance" and many wishes to you for a 2008 to be filled with your goal of homeownership.

SINGLE FAMILY Absorption Data as of 1/15/08 from WFR Multiple Listing Service, content not guaranteed

LEGEND: 0-7 mo. =Sellers Market; 8-11 mo. =Balanced Market; 12+mo. =Buyers Market


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Julie Neerings, GRI- Heart of Utah Real Estate Copyright © 2008- If you are considering buying, selling, military relocations to Hill AFB or relocating to Utah, you deserve local expertise and advice to be provided by a professional in real estate. Julie Neerings is a Utah REALTOR® providing full time, professional real estate services to buyers and sellers in the cities of Layton, Bountiful, Woods Cross, West Valley, West Jordan, South Jordan, Riverton, Herriman and all surrounding cities.

Herriman, Utah (84096): 2007 Year End Real Estate Absorption Rate

Herriman, UT. (84096) 2007 Year End Real Estate Absorption Rate As of 15~ Jan~ 2008 Volume 1

Price Range

Sold in past 365 days

Current inventory

How many months inventory?

Below $150k

0

0

0

$150-299,999

207

132

7.65

$300-399,999

115

108

11.27

$400-499,999

57

90

18.95

$500-749,999

18

90

60.00

$750,000+

6

31

62.00

City Totals

403

451

13.43

SINGLE FAMILY Absorption Data from WFR Multiple Listing Service, content not guaranteed.

LEGEND: 0-7 mo. =Sellers Market; 8-11 mo. =Balanced Market; 12+mo. =Buyers Market

Herriman City is an increasingly growing city nestled in the Southwest area of Salt Lake County in Utah next to the Oquirrh Mountains. According to the U.S. Census Bureau the population has increased from 2,327 in July of 2000 to 14,643 in July of 2006. Now that is positive growth!

Why live in Herriman?

Whether you are moving locally or relocating from another state, you will find Herriman City to be a wonderful place to call home.


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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Julie Neerings, GRI- Heart of Utah Real Estate Copyright © 2008- If you are considering buying, selling, military relocations to Hill AFB or relocating to Utah, you deserve local expertise and advice to be provided by a professional in real estate. Julie Neerings is a Utah REALTOR® providing full time, professional real estate services to buyers and sellers in the cities of Layton, Bountiful, Woods Cross, West Valley, West Jordan, South Jordan, Riverton, Herriman and all surrounding cities.


Bountiful Utah (84010): 2007 Year End Real Estate Absorption Rate

Bountiful Utah (84010) 2007 Year End Real Estate Absorption Rate As of 15~ Jan~ 2008 Volume 1

Price Range

Sold in past 365 days

Current inventory

How many months inventory?

Below $150k

50

16

4.43

$150-299,999

223

112

6.24

$300-399,999

49

48

14.28

$400-499,999

36

21

14.80

$500-749,999

34

25

7

$750,000+

14

38

33.5

City Totals

406

260

7.6

SINGLE FAMILY Absorption Data from WFR Multiple Listing Service, content not guaranteed.

LEGEND: 0-7 mo. =Sellers Market; 8-11 mo. =Balanced Market; 12+mo. =Buyers Market

Bountiful City being only 10 miles to Salt Lake City and 18 miles to Hill AFB serves to be a city of convenience, beauty and a great place to call home. With a population of 41,161 (2006 census) it’s simple to say that most people who have lived in this wonderful city love it here.

Whether you are moving locally or relocating from another state, you will find much to be desired in Bountiful City.

Bountiful City has 2 hospitals:

  • Lakeview Hospital on 630 East Medical Drive
  • South Davis Community Hospital on 401 South 400 East

Bountiful City has many other conveniences such as:

University of Utah (9 miles)
Salt Lake Community College
(15 miles)
Weber State University (23 miles)
Salt Lake International Airport
(10 miles)
Bountiful Ridge Golf Course
2430 South Bountiful Blvd.
South Davis Recreation Center
550 North 200 West
Bountiful Temple
Mueller Park

Public and Private Schools available
Shopping, restaurants and so much more.


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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Julie Neerings, GRI- Heart of Utah Real Estate Copyright © 2008- If you are considering buying, selling, military relocations to Hill AFB or relocating to Utah, you deserve local expertise and advice to be provided by a professional in real estate. Julie Neerings is a Utah REALTOR® providing full time, professional real estate services to buyers and sellers in the cities of Layton, Bountiful, Woods Cross, West Valley, West Jordan, South Jordan, Riverton, Herriman and all surrounding cities.