Free Home Buyer Seminar
You Will Learn…
How much cash do I need in hand to buy a home in Salt Lake City?
What are the best loan programs available in Salt Lake City given the current loan market?
What other costs are associated with buying a home in Salt Lake City?
How do Realtors in Salt Lake City work and can I afford one?
How long does it take to buy a home in Salt Lake City?
When: First Wednesday of Each Month at 6pm.
(Next Meeting Wednesday May 7, 2008)
Where: Windermere Real Estate Office
2348 South Foothill Dr
SLC, UT 84108
The seminar is FREE but you must RSVP. RSVP by email, phone or fax to:
Mark Alder
mark@soldonsaltlake.com
Cell (801) 979-6275
Fax (801) 485-3152
Windermere Real Estate
All data taken from the WFRMLS. Information not guaranteed. All rights reserved Mark Alder ©, a Salt Lake City Real Estate Agent cell (801) 979 6275
The Redman Building looks like it is nearing completion and the luxury condos will soon be available. This building is one of a kind in Salt Lake. The project is major and will feature underground parking, high-end finishes, and a world class gym on the ground level. Go to redmancondos.com to join the preferred interest list so you can be notified first when they will start taking reservations.
Home inventory levels are figured out by taking the number of homes on the market in a given zip code and dividing it by the number of homes sold in that zip code for the last 30 days. The answer will give you the absorption rate. Or the number of months it would take to sell the existing inventory at the current rate if no other homes came on the market.
Note: These numbers are not seasonally adjusted and I do not include properties under contract in the calculation.
Sellers Market 1-6 Months
Normal Market 6-8 Months
Buyer’s Market 8+ Months
| Zip | City | July 27, 2007 | Sept 15, 2007 | Nov 23, 2007 | Jan 23, 2008 | Feb 21, 2008 | March 24, 2008 |
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| 84104 | Salt Lake City | 2.7 | 4.6 | 3.7 | 7 | 5.8 | 4.8 |
| 84120 | West Valley City | 3.4 | 4.7 | 9.6 | 14.6 | 8.0 | 7.4 |
| 84118 | Taylorsville/Kearns | 3.3 | 5.9 | 8 | 10.2 | 6.8 | 6.3 |
| 84116 | Salt Lake City | 2.3 | 2.1 | 4.7 | 11.3 | 5.3 | 8.2 |
| 84103 | Salt Lake City/Aves | 6.8 | 6.9 | 11.7 | 25.7 | 18.4 | 11.3 |
| 84102 | Salt Lake City | 4 | 7.8 | 10.4 | 13.3 | 11 | 10 |
| 84101 | Salt Lake City | 11 | 5.9 | 15.8 | 10.4 | 9.8 | 13.3 |
| 84111 | Salt Lake City | 6.5 | 6.7 | 7.3 | 17.3 | 14 | 11.2 |
| 84123 | Taylorsville/Murray | 3.1 | 2.5 | 4.8 | 19.5 | 4.8 | 5 |
| 84107 | Murray | 3.9 | 5.7 | 6.5 | 12.2 | 10.1 | 9 |
| 84124 | Holladay | 5.9 | 7.8 | 20.6 | 13.8 | 33 | 13.2 |
| 84117 | Holladay | 4.6 | 7.9 | 8.8 | 22.7 | 11.7 | 16.4 |
| 84115 | South Salt Lake | 3.5 | 6 | 5.2 | 10.9 | 9 | 7 |
| 84105 | Salt Lake City | 5.5 | 8.1 | 8.8 | 19.7 | 12.4 | 7.8 |
| 84108 | Salt Lake City | 6 | 10.1 | 12.7 | 14.2 | 10.8 | 5.8 |
| 84109 | Salt Lake City | 5.9 | 12.4 | 21 | 14.3 | 13.4 | 13.5 |
| 84106 | Salt Lake City | 7.5 | 6 | 8 | 12 | 10.1 | 7.3 |
| 84121 | Cottonwood | 12.6 | 8.6 | 15.9 | 22.1 | 14.1 | 15.3 |
| 84047 | Midvale | 3.2 | 4.4 | 4.2 | 9.2 | 10.9 | 10.1 |
| 84084 | West Jordan | 3.7 | 6.4 | 7.3 | 9.6 | 10.3 | 5.7 |
| 84088 | West Jordan | 7.9 | 6.2 | 9 | 12.2 | 9.6 | 6.9 |
| 84070 | Sandy | 4.6 | 5.7 | 19.2 | 13.6 | 22 | 10.6 |
| 84094 | Sandy | 3.1 | 5.1 | 7.2 | 15.8 | 12.9 | 4.6 |
| 84093 | Sandy | 15.4 | 7.4 | 8.2 | 7.5 | 11.1 | 15.6 |
| 84092 | Sandy | 7.4 | 10.7 | 14.1 | 17.3 | 24.9 | 18.7 |
| 84020 | Draper | 9.5 | 11.8 | 23.7 | 20.2 | 14.1 | 21 |
| 84095 | South Jordan | 8.6 | 12 | 18.6 | 21.6 | 15 | 13 |
| 84065 | Riverton | 8 | 14.8 | 21 | 24.3 | 15.1 | 15 |
All data taken from the WFRMLS. Information not guaranteed. All rights reserved Mark Alder ©, a Salt Lake City Real Estate Agent cell (801) 979 6275
It appears that even super affordable Ogden is not immune from the credit crunch affecting the housing market nationwide. With an average sales price of $160,238, Ogden is one place that the average family can still afford a home. But a look at the statistics from the WFRMLS shows a real slow down in the market about the second quarter of 2007 when the credit problems began.
But it is not all bad news. Ogden still has a healthy level of homes on the market and homes being closed. There currently is a 8.6 month supply of homes not counting pending home sales. Last month 86 homes sold with 31 of them selling below the $100,000 mark.
Ogden 4th Quarter to 4th Quarter Weber County Comparison
|
| 4th Quarter 2006 | 4th Quarter 2007 | Percentage Change |
| Home Sales Price | $160,238 | $175,273
| 9.38%
|
| Condo Sales Price | $121,510
| $120,195
| -1.08%
|
| Percentage of New Listings Sold | 70.37%
| 43.32%
| -38.44%
|
All data taken from the WFRMLS on 3/5/08
Lead in real estate by providing better information to my clients allowing them to enhance their lives with bold decisions. Just listed properties emailed to you by visiting SoldonSaltLake.com.
I Love This City! My favorite part of the job is showing people around this wonderful place and helping them find the home they love.
I grew up in Salt Lake City and attended the University of Utah. I graduated in 2001 with a B.A. in English. After graduating, I took my enthusiasm for travel and adventure overseas to Jiujiang, China where I was a English teacher at a University. Just before getting into Real Estate full time, I lived in San Diego and attended California Western Law School.
I have been skiing since age 5 and this continues to be one of my favorite things to do. I have worked at the ski resorts and even spent one winter as a Snowmaker at a local resort. I also love to mountain bike. I like to ride all over the Wasatch Mountains and in Moab. The Park City Trail System and the Wasatch Crest are some of my favorite rides.
I have written a ton of articles on buying and selling homes with an emphasis on foreclosures. I also keep my website up to date with Salt Lake City real estate market info. You can see my SoldonSaltLake website here.
Awards and Recognition
I have extensive foreclosure experience and know the ins and outs of buying short sales, REOs, and auction properties. I also help the first time homebuyer and the move up buyer. If you want homes or foreclosures emailed to you the day they come on the market then fill out this form.
Mark,
I wanted to let you know how much I appreciated your help. Because I relocated from out of state, I had to trust your judgment of the Salt Lake City area and I was not disappointed! The location and neighborhood is exactly what I wanted. I also commend you for your patience. I am the type of person who likes to be involved in every detail and you were fantastic at keeping me informed during each step of the home buying process. Thank you,
Emily Lucht
Dear Mark,
Garret & I want to thank you for all your help & time in both selling and purchasing our homes. thank you for making the effort to find a home that fit our needs so well. We love our home & neighborhood. It meets our needs perfectly. Your calm, reassuring nature made, what can be a stressful experience, pleasant and easy. Your professional, kind, thoughtful, and patient way meant a lot to us.
Sincerely,
Brooke & Garrett
Dear Mark,
Just a quick note to let you know that Jon and I couldn't be happier with the home you found for us. When I gave you my specifications and expectations, I didn't think it would be possible to find the exact house we wanted in the market in which we were looking. You turned those expectations around. I had worked with other realtors and did not experienced the type of attention you showed to us. Through your dedication, not only did you find the perfect home for us, you made sure that we were happy with the decision - down to the last detail. In short, you found our dream home and we couldn't be happier.
Kelly Williams
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