Riverton, UT

Salt Lake Foreclosures In Riverton UT-What They Sold For!

Trying to figure out how to price an offer on Salt Lake foreclosures in Riverton UT?

It's easy; Check this out.

Identify foreclosures in Riverton UT that have sold in the last 30 days. Don't include short sales or any other pre-foreclosed homes or condos. Only include homes that are real foreclosures. Houses that are owned by the bank or corporate investors through the foreclosure process. These are sometimes called REOs.

Put together a narrative of each home sale, describing age, size, asking price, sold price less any seller paid concessions, lot size, price paid per square foot, etc:

Now you have information to help you compare what the home you are looking at is worth as opposed to homes that have actually sold.

In the last 30 days there have been 3 Riverton Foreclosed Homes actually close.

Riverton Foreclosures:

Foreclosure A is a 30 year old 2,008 sqft single family Cape Cod style foreclosure in Riverton in the Western Charm neighborhood. The home was listed for $165,000 and sold after 8 days on the market for $160,000. There were no concessions. The $5,000 discount represents about a 3% deviation from the listed price. Price per sqft was $ 79.68.

Foreclosure B is a 4 year old 3,610 sqft Riverton UT Rambler in the Monarch Meadows subdivision. This foreclosed home listed at $225,000 and sold and closed in 35 days for $257,500 dollars less $8,995 in seller paid concessions, for a net price to the bank of $248,505. This was over 10% of the listed price of this Riverton foreclosure and brought the price per sqft to $68.84.

Foreclosure C is a 3 year old 5,504 sqft Rambler on a third acre in the Castle-wood Estates area of Riverton Utah. This Riverton Rambler was listed @ $379,900 and sold in 20 days for $379,900 w/ concessions of $6,000. Net to the Bank was $373,900, which was less than 1.5% discount. That's $67.93 per sqft for a foreclosed home in Riverton Utah.

This is by no means the best way to determine an offering price. It's just easy.

What's the best way?

Call your Realtor. Ask them to prepare a CMA, (Comparative Market Analysis) so you will know exactly what that property is worth.

If you don't have a Realtor and would like to discuss making an offer on a Salt Lake Foreclosure, give us a call @ 801-567-0946.

To search for Salt Lake Foreclosures in other parts of SLC, check out Salt Lake Foreclosures and find hundreds of Bank Owned Homes, from North Salt Lake to Draper Utah.

If it is information you need visit Salt Lake Real Estate and check out articles, tips SLC Blogs about a variety of subjects that will make your home buying experience easier.

Or you can just call and talk about Salt Lake foreclosures in Riverton Utah ;what they sold for and Why.

Published Friday, October 16, 2009 4:11 AM by Corie Seymour

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!

RIVERTON GEM READY FOR YOU TO MOVE INTO, BRING THE HORSES AND START LIVING THE DREAM INSALT LAKE COUNTY. Easy access to 12300 to the freeway, great location, great neighborhood. Debbie Aldrich CSP www.DebbiealdrichHomes.com www.CottonwoodHtsBestHomes.com Keller William Realty 801-870-0606 Your Partner in Real Estate serving Salt Lake county, Cottonwood Heights, Salt lake City, Summit County

The market report On Riverton Utah Homes For Sale shows some very interesting results. Real helpful If your searching Homes For Sale In Riverton Utah.

Of particular interest is what has happened to the listed inventory of homes and Condos for sale in this South East Valley Community. If you are looking at Salt Lake Homes for Sale in Riverton UT, 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 Riverton by FSBOs (for sale by owners) or most of the new homes or condos offered by builders in the area.

Riverton Utah Homes For Sale Info-Sold Homes In Salt Lake

There are usually about 225 to 375 listed homes for sale in Riverton Utah.

The absorption rate for homes and Condos in Riverton UT is 6.51 months..

Of the 273 homes currently for sale in Riverton, 254 are detached single family homes.

This represents 93% of the available inventory.

Only 19 Riverton Homes are Condominiums, Town Homes, or attached houses.

Condos in Riverton UT are only 7% of the Homes for sale.

Homes Sold In Riverton Utah in July 2009:

There were 31 Homes sold in Riverton.

That was 21 fewer than the homes/condos sold the previous month.

Riverton Homes sold in 2009 were less by 17 than 08 homes for sale.

July 09 Homes sales decreased over $ 6 million dollars from 08 July sales.

The average price of a Riverton Condo or Home Sold in July of 09 was almost $295,000.

The average price of the Riverton homes sold in July 09, was almost 12.5% less than in 08.

Riverton UT homes sold for 90% of the listed price of homes for sale in Riverton.

Average price per square foot this July ($85.11) was almost $15.60 less than a year ago.

Days on the market have decreased from 172 days in July 08, to 112 days this year.

The average Riverton home for sale is a 4 bedroom, 3 bath, 3465 square foot home.

We hope this report gives you the Information to help make a purchasing or selling decission regarding Salt Lake Homes for sale in Riverton UT.

If Riverton is not an area in which you and your family want to live or invest, pay attention to this blog as we will be reporting about other communities in Salt Lake in the next few days.

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 information on Salt Lake Homes For Sale In Riverton UT and The Houses and Condos sold in Salt Lake city. 801-567-0946.

Numbers for Riverton Real Estate were similar to the county average. 9 less homes sold, median price decreased 5.23%, and price decreased 11.52% on average. Inventory for Riverton homes is 7.29 months and there are 243 homes listed.