Herriman, UT

Salt Lake Foreclosures In Herriman UT-What To Offer?

Last weeks post that identified Salt Lake Foreclosures, where they were and what home buyers were actually paying for them, was a big hit.

We got calls about just about every community in the Salt Lake Area.

There was a lot of interest in the newer home listings of Salt Lake Foreclosures In Herriman UT, Draper, and South Jordan UT, and we have been asked to do the "how much have the homes sold for in Herriman Utah" to determine how much to offer on the foreclosed homes folks are considering buying.

Needless to say, our blog on how much to offer on Salt Lake Foreclosures will become a monthly staple.

A lot of potential home buyers asked if we would comment on individual areas or Zip codes in Salt Lake City.

Yesterday we started our series by checking out Foreclosures in Sandy UT.

Today it will be foreclosed homes in Herriman UT, and actual sales of houses in Zip codes 84096 & 84065 over the last 30 days.( Rhe actual neighborhoods are Rosecrest, Herriman Meadows, and The Cove).

Many potential Home Buyers have heard that you can buy these Homes or Condominiums for pennies on the dollar.

Ads on Radio, TV, and in newspapers support these falsehoods by making unbelievable claims about instant wealth available to investors that invest in Salt Lake Foreclosed Homes.

Heres how we find out the truth.

Rather than disprove these claims, we are going to take a more direct approach, and simply list for you the listed price vs the actual sales price of Salt Lake foreclosure homes that have closed in the last thirty days.

In other words we are going to tell you what actually happened in a time frame that is meaningful to your needs.

In the words of Flip Wilson. We are going to tell you "WHAT'S HAPPENING NOW"

In addition, so that you can make your own analysis of the SLC housing market we will include other information such as days on market, length of time from offer to closing, neighborhood, zip codes, etc:

Overview Of Salt Lake Foreclosures In Herriman Utah-10/15/09

There are 43 Foreclosed homes/condominiums listed for sale in Herriman Utah.

12 of those houses/condos were listed in the last 30 days.

10 homes were put under contract since 9/15/02 in Herriman UT.

In the last 30 days, 4 Herriman Foreclosures have been sold.

Total listed price of Foreclosed homes sold w/in last 30 days was $1,214,062..

The homes ranged in price between $201,663 & $489,999.

Average listed price of Herriman UT Foreclosures sold in the last 30 days was $ 303,515.

Average sq. ft. of Herriman Foreclosures was 4,000 Square Feet.

That is a foreclosed listed price of $75.87 dollars a ft. in Herriman.

The average price of the REO homes sold in the last 30 days was $273,604.

Sales Price per Sq. Ft. on foreclosures in Herriman UT was $68.40.

Salt Lake Zip codes for sales were 84096, 84065 .

Days on market were less than 48 days.

These numbers do not include any short sales or pre-foreclosures in Herriman Utah.

Banks discounted Foreclosures in Herriman Utah, 9.8% on sales from 9/15/09 to 10/15/09.

Now you have an accurate understanding of what has actually happened with those Herriman UT homes that banks have taken back into their own ownership through the foreclosure process. (REOs).

For an accurate list of all of the Salt Lake Bank Owned Homes and Foreclosures in Salt Lake you can go directly to SLC FORECLOSURES and see almost all of the REO homes that are listed for sale on the MLS.

If you would like more information on how to buy Utah foreclosures, browse the SLC Blog for articles and tips on buying that home or condominium.

To see reports on other Salt Lake Cities IE: West Jordan, Draper UT, Riverton UT, Murray UT, and Downtown Salt Lake, check back here often as we will cover each city every 30 days so that you will be on top of the Real Estate market in Salt Lake City.

Or you can just call us @ 801-567-0946. We love to talk about Salt Lake Real Estate, and Salt Lake Foreclosures In Herriman Utah and how much you should offer on that foreclosed home.

Published Thursday, October 15, 2009 3:21 PM by Corie Seymour Edit

We need Positive Price Action to confirm market bottom. One month of price improve isn't sufficient to confirm the market bottom. We need to see appreciation month over month for three months.

PRICE ACTION

Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.

SUMMARY

Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom. This is NOT a good time for those with low and/or no risk tolerance to purchase.

High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.

Some are trying to time the market and market timing is risky. Trying to time the bottom is not for the inexperienced buyer and extremely difficult.

Those waiting for a market bottom confirmation will (almost always) miss the bottom. This is because confirming factors are lagging indicators.

Buy and hold is the best buying strategy.

Data considered accurate... However is NOT Guaranteed. Contact your Mark Watterson your Local Property Resource Specialist for the most up-to-date data and help to determine your specific risk tolerance.

_______________________________________________________________________________________________________________________________________

Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc. and a Utah license Loan Officer with Springwater Capital, LLC

Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information at www.markwatterson.com

It's Not About the Money -It's about life long relationships that are based on Customer Service Excellence.

The "Voice of the Customer" is where it all begins. Customer Service Excellence is not just words. It's our CULTURE.

My customers refer their family and friends because of the exceptional attention to detail, customer focus and the value added services they receive. An unmatched passion and love for providing these services is the thread that binds the entire business process together making it a smooth and seamless event.

In fact it doesn't even seem like business. Because it's all about you, your goals and objectives.

You should expect the highest level of service and you deserve it. It's about you, the right property and your GOALS. YOU Deserve the BEST!

This report of Herriman Utah Homes For Sale In Salt Lake City is a thumbnail sketch of the activity surrounding Homes, Condominiums & Town-Houses that were listed for sale in Herriman during the month of July, 09. It will help home buyers catch trends, structure an offer on a home to buy, evaluate pockets of interest in the Herrima UT housing market, and provide overall helpful information about what's happening in one particular area of Salt Lake.

If your searching Homes For Sale In Herriman Utah, you need information on Salt Lake City homes sold.

If you are looking at Salt Lake Homes for Sale in Herriman 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 Herriman by FSBOs (for sale by owners) or most of the new homes or condos offered by builders in the area.

Herriman Utah Homes For Sale In Salt Lake:

There are usually about 250 to 300 listed homes for sale in Herriman Utah.

The absorption rate for homes and Condos is 5.86 months.

There were 287 homes listed in Herriman in July 09.

260 were single family detached homes.

44 one of these homes are under contract.

17 were Condominiums.

At 5.9%, there are not enough condominiums in Herriman UT for Sale.

Homes Sold In Herriman Utah in July 2009:

There were 49 Homes sold in Herriman.

That was 5 fewer the 54 homes/condos sold the previous month.

Herriman Homes sold in July 2009 were 15 more than homes sold in July 08.

July 09 Homes sales increased almost a million dollars from 08 July sales.

The average price of a Herriman Condo or Home Sold in July of 09 was $264,555.

The average price of the Herriman homes sold in July 09, was almost 25% less than in 08.

Herriman UT homes sold for 84% of the listed price of homes on MLS.

Average price per square foot this July ($83.71) was almost $12.30 less than a year ago.

Days on the market have increased from 139 days in July 08, to 194 days this year.

The average Herriman UT homes for sale is a 4 bedroom, 3 bath, 3160 square foot home.

We hope this report has been helpful and that it will encourage you to stop by our website often and that in the future if you have need of a Realtor in Salt Lake city you will think of us.

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 the report on Herriman Utah Homes For Sale in Salt Lake City. 801-567-0946.

The Village At Rosecrest is at the center of New Homes For Sale In Herriman Utah.

Rosecrest is a well thought out master planned community in the South end of the Salt Lake Valley that deserves consideration when Utah home buyers are comparing affordability, location, and lifestyle.

Developed by the Sorenson Real Estate Group, Rosecrest is home to many fine communities, and ranks with Daybreak in South Jordan,and Suncrest in Draper as one of Salt Lake Lake City's premier developments.

The village at Rosecrest offers New Townhomes from $177,650 and single family detached Homes starting at $224,900.

Folks that buy homes at The Village at Rosecrest enjoy a bundle of exclusive amenities as well as the pleasure and use of many perks built in to the purchase of their New Herriman UT Home in the Villages.

Salt Lakework from home professionals can enjoy a rather unique concept at The Village by investing in one of the 8 live-work units that provide the Herriman Homes Buyers with 400+ square feet of store front office space.

Selection of Homes at The Village at Rosecrest:

The Village at Rosecrest has plans for 370 Single Family Homes and Town Homes. In Herriman where few new condominiums have been built, these homes under $225,000 should sell quickly to first time home buyers in Salt Lake City.

One hundred thirty of these Village Homes will be Courtyard House.

One hundred three are sold as Garden Homes.

One hundred twelve will be single family homes.

Twenty five of the Herriman homes for sale will be traditional Town Homes.

The Village at Rosecrest amenities:

Over 12 acres of open space and parks.

Miles of paved trails.

New Community Clubhouse.

Outdoor Pool.

Hot Tub.

Excersise Facility.

Location and access from The Village at Rosecrest-Herriman Utah:

Downtown Salt Lake City. 35 minutes

University Mall- Provo UT. 25 minutes

University of Utah. 35 minutes

Brigham Young University. 30 minutes

Salt Lake International Airport. 25 minutes

If you are a potential Salt Lake New Home buyer, you really need to grab your Realtor and ask them to show you the New Town homes and Single Family Homes @ The Village at Rosecrest in Herriman Utah.

Think you don't need an agent?

Read this article by my friend Jay Thompson about dual agency and I think you'll agree . You should have your own representation. It's FREE, and It's SMART !

If you don't have an agent, we'd be happy to help. Give us a call @ 801-567-0946.

Better yet, stop by our site @ Salt Lake Real Estate and see how serious we take this business. Let our website be our resume.

In any event, we sure would like to show you the Town Homes @ The Village at Rosecrest in Herriman Utah.

Utah County Home Selling Price Determination

The Utah County home selling price is determined by taking into consideration a number of different factors. First and probably the most important factor is the selling price of comparable homes in the homes selling area. Other factors include the current trend in the market, the availability of homes for sale in the area and the urgency of the seller. Obviously, the lower the selling price the quicker the home will sale.

Other factors to take into consideration include:

· The average selling price per square foot, of homes in the same area.

· Major improvements to the home, such as swimming pool and other additions can add to the overall value of the home.

· Interior and exterior amenities can be beneficial to an increase in selling price.

· The general condition of your home's interior and exterior is important and can either increase or decrease the selling price

Remember that when it is time to price and sell your home in Utah County it is best to consult a local Realtor to assist you during the process.

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