2018 – 1st Quarter Real Estate Stats

It is a good time to be a Seller!

According to the Salt Lake Board of Realtors, Salt Lake County has seen a 50% increase in overall housing prices since 2011. When looking back on 2017 there was a 10% increase in the average cost of a single-family home but the number of homes sold from 2016 to 2017 went down.  Inferring less inventory with more demand.  The first month of 2018 has seen similar carry over from 2017.  As demand increases, the cost of homes will continue to climb.  Utah Real Estate is projecting a 7-8% price increase in 2018.  Estimating the median single-family home sale price at $350,000. Check out the full report here.

Sugar House

2018 – 1st Quarter STATS

Area used is 1300 South to 2700 South, from 700 East to 2300 East.

Days on Market

58

%

Up

Number of Sales

102

%

Up

Average Sold Price

$423,057

%

Up

New Listings

111

%

Down

% of New Listings Sold

91.89%

%

Up

New Average Asking Price

$471,345

%

Up

Want to know the value of your home?

Salt Lake County

2018 – 1st Quarter STATS

 

Days on Market

47

%

Down

Number of Sales

3731

%

Up

Average Sold Price

$353,577

%

Up

New Listings

5039

%

Up

% of New Listings Sold

74.04%

%

Up

New Average Asking Price

$400,033

%

Up

Want to know the value of your home?

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Single family For sale

1879 E SIGGARD S, Salt Lake City, Utah 84106

5Bedroom(s)
2Bathroom(s)
4Parking(s)
20Picture(s)
4,230Sqft
Visits:39
Multiple Offers Received. Bring your best offer by Sat. Nov 2nd 11 PM. Seller to select an offer by Mon Nov 4th, 5 PM. This is a large and spacious home situated in the heart of East Millcreek. The interior boasts a beautifully updated kitchen. Each floor has laundry hookups available. Pay almost no electricity bills with a full solar panel system completely hidden from street view.
$599,999

Single family For sale

1180 E SIERRA S- Millcreek- Utah 84106

4Bedroom(s)
1Bathroom(s)
3Parking(s)
19Picture(s)
2,268Sqft
Visits:35
Fabulous Millcreek Brick Rambler with nice upgrades and mountain views. Open spacious floor plan with tons of natural light. Lovely living room with hardwood floors and gas fireplace not to mention the large picture window. Generous sized updated kitchen and dining area with stainless steel appliances and tiled floors, sliders leading outside to a wonderful yard and patio area.
$445,000

Single family For sale

2679 S 1500 E- Salt Lake City- Utah 84106

3Bedroom(s)
1Bathroom(s)
20Picture(s)
1,966Sqft
Visits:28
Charming Highland Park Cottage - Room for 4th Bedroom. Tastefully updated w/ lots of natural light - Silestone countertops/ Farmhouse sink/ Shiplap tongue & groove ceiling/ Bay window. Newer water main/ Driveway/ Windows/ Plantation shuttlers. Chandeliers/ Crown molding/ Hardwood Floors. Master walk-in closet w/ window.... Original doors & glass crystal door knobs. Built-in hutch.
$487,000

Single family For sale

1721 E GREGSON S- Salt Lake City- Utah 84106

4Bedroom(s)
1Bathroom(s)
20Picture(s)
2,978Sqft
Visits:22
Beautiful South Facing Millcreek Home. Open Concept floorplan thanks to an addition that was done in 1994. Enjoy the huge great room perfect for gathering and entertaining or just relaxing to take in the natural lighting. Attached single car garage and a detached 2 car garage provide plenty of covered parking for your vehicles and toys. Priced below appraisal (completed in September).
$529,000

Single family For sale

3200 S 800 E- Millcreek- Utah 84106

3Bedroom(s)
2Bathroom(s)
2Parking(s)
20Picture(s)
1,490Sqft
Visits:19
Beautifully renovated home in Millcreek! You'll fall in love as you walk in! This home has 3 beds, 2 full baths.
$359,900

Single family For sale

515 E FARMER ALUMNI S- South Salt Lake- Utah 84106

3Bedroom(s)
2Bathroom(s)
2Parking(s)
20Picture(s)
2,734Sqft
Visits:18
This will be the Matisse floor plan, many of the options are still available to select. Fotos are of a model of the same home layout.
$495,605

Why Work With a Real Estate Relocation Agent? 3 Ways You’ll Benefit!

Relocating can complicated and stressful.  There are a lot of pieces to coordinate – from buying a home, to packing, to moving, to little details like getting a new driver’s license and filling out change of address forms.  We get it.  That is why you want to work with a real estate relocation agent to help you navigate all the complicated challenges that come with moving across the country.

Here are 3 things that a real estate relocation agent can help you with:

1.  They can help you narrow down your search.

If you are house hunting in a city you don’t know it can be hard to narrow down which neighborhoods are a good fit your your lifestyle and personality.  These things are beyond just bedroom and bathroom count.

For example you:

  • Like living in the heart of the city and restaurants, concerts and nightlife are important to you
  • Need a yard for pets / kids
  • Don’t want a long commute, so need something close to you office
  • Would rather not have to worry about major upkeep or don’t have time to do any remodeling and so would prefer a new home
  • Love to cook/entertain and not only want a nice kitchen but would like to be close to a local farmers market and specialty shops
  • Prefer to commute via bike of public transportation
  • You like to go running or hiking outside and would like easy access to trails
A real estate relocation agent can help tailor your search to an area that is will fit YOU.

2.  A real estate relocation agent doesn’t just know the market, they know people

As you are house hunting, a real estate relocation expert can help you with other resources all well.

Things like:

  • Finding a quality lender
  • Connecting with contractors to help with any home repairs
  • Insurance agents
  • Cleaning services
  • Unpacking and organizing services
Their relationships can save you time, money and hassle.

3.  They can help you find all the *hidden* gems

Every city has hidden nooks and corners that take time to get to know.  A real estate relocation agent can give you an insider’s perspective to make you feel right at home.

They can tell you about things like:

  • Concert and live music venues
  • Local sports teams
  • Farmers markets, specialty shops, food events
  • Museums and local attractions
  • Parks, zoos and kids activities
  • The best bars and top restaurants
  • Festivals, fairs, special events
  • Places to hike, ski or snowboard, bike

Find additional relocation resources and our tips for relocating to Salt Lake City HERE:

 

 

Looking to relocate to Salt Lake City Utah?  Market Source Real Estate can help.  We’ve assisted multiple delighted clients with their relocation and move.  Give us a call today! 801.810.6773