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
%