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Kim Novak

Salt Lake City UT Downtown Condo Real Estate Update

11-13-09
Kim Novak
* Only 20% of the current condominium MLS listings are under contract
* None of those listings under contract are "short sales"
* 38% of the listings under contract are vacant
* The median price of the listings under contract is $179,900
* The median price of active listings is $187,800
* There is a 4.4% disparity between what sellers want to sell their condos for and what buyers are ready, willing and able to pay for a condo

SLC Downtown Condo Market Summary Report - Under Contract Listings SLC Downtown Condo Market Summary Report - Active Listings

Source: Wasatch Front Regional Multiple Listing Service

Hyrum UT Real Estate Update

11-13-09
Kim Novak
* Only 14% of the current single family home MLS listings are under contract
* None of those listings under contract are "short sales"
* 18% of the listings under contract are vacant
* The median price of the listings under contract is $169,900
* The median price of active listings is $180,000
* There is a 5.9% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home

Hyrum Market Summary Report - Under Contract Listings Hyrum Market Summary Report - Active Listings

Source: Wasatch Front Regional Multiple Listing Service

Clinton UT Real Estate Update

11-13-09
Kim Novak
* 26% of the current single family home MLS listings are under contract
* 16% of those listings under contract are "short sales"
* At least 26% of the listings under contract are vacant
* The median price of the listings under contract is $192,500
* The median price of active listings is $194,000
* There is an less than 1% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home

If it weren't for the high percentage of "under contracts" that are short sales, Clinton would actually be experiencing healthy real estate market conditions right now.

Clinton Market Summary Report - Under Contract Listings Clinton Market Summary Report - Active Listings

Source: Wasatch Front Regional Multiple Listing Service

South Weber UT Real Estate Update

11-12-09
Kim Novak
* 23% of the current single family home MLS listings are under contract
* None of those listings under contract are "short sales"
* At least 1/3 of the listings under contract are vacant
* The median price of the listings under contract is $236,450
* The median price of active listings is $267,500
* There is a 13.1% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home

South Weber Market Summary Report - Under Contract Listings South Weber Market Summary Report - Active Listings

Source: Wasatch Front Regional Multiple Listing Service

Kaysville UT Real Estate Update

11-12-09
Kim Novak
* 29% of the current single family home MLS listings are under contract
* 11% of those listings under contract are "short sales"
* At least 37% of the listings under contract are vacant
* The median price of the listings under contract is $284,450
* The median price of active listings is $278,120
* There is only a 2.3% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home

Important Note: 21% of the homes under contract are new construction

Kaysville Market Summary Report - Under Contract Listings Kaysville Market Summary Report - Active Listings

Source: Wasatch Front Regional Multiple Listing Service