2018 – 1st Quarter Real Estate Stats

It is a STILL a good time to be a Seller!

 

 

The second quarter of 2018 was busy for buyers and sellers. While the inventory was very tight, prices continued to rise across the valley. Sellers are still getting multiple offers in much of the county. We have seen an increase of out of state buyers looking to relocate and purchase investment properties. Mortgage rates have remained low despite the economy continuing to improve.

Sugar House

2018 – 2nd Quarter STATS

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

Days on Market

25

%

Up

Number of Sales

122

%

Down

Average Sold Price

$482,534

%

Up

New Listings

176

%

Down

% of New Listings Sold

69.32%

%

Down

New Average Asking Price

$492,903

%

Up

Want to know the value of your home?

Click Here to find out

Salt Lake County

2018 – 2nd Quarter STATS

 

Days on Market

27

%

Down

Number of Sales

847

%

Down

Average Sold Price

$429,048

%

Up

New Listings

1160

%

Down

% of New Listings Sold

74.04%

%

Up

New Average Asking Price

$490,174

%

Up

Want to know the value of your home?

Click Here to find out

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?

Click Here to find out

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?

Click Here to find out
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Single family For sale

1514 E FULLER, Millcreek, Utah 84124

4Bedroom(s)
1Bathroom(s)
3Parking(s)
18Picture(s)
3,147Sqft
Visits:0
Recently remodeled with an eye for detail and careful craftsmanship. You will find exquisite custom locally made cherry cabinets with high-grade hardware and granite countertops throughout the kitchen, master bathroom, downstairs bathroom and in the large family room kitchenette. There is a large 1,000 square foot deck under a gorgeous mature maple, which is made to entertain.
$485,000

Single family For sale

7102 W JAYSON BEND S, West Jordan, Utah 84081

4Bedroom(s)
3Bathroom(s)
20Picture(s)
3,239Sqft
Visits:0
Square footage figures are provided as a courtesy estimate only and were obtained from county records and prior MLS . Buyer is advised to obtain an independent measurement. Buyer and buyers agent to verify all info. This will be the first year my clients will pay the higher amount in taxes. They have not received the tax notice showing the new amount yet.
$379,000

Single family For sale

2615 W 15170 S, Bluffdale, Utah 84065

5Bedroom(s)
3Bathroom(s)
10Parking(s)
5Picture(s)
5,470Sqft
Visits:4
Beautiful home on one acre with horse property and modern barn. Secluded Cul-de-sac location in a quiet neighborhood and only minutes away from Bangerter Highway. Home is being sold as is.
$800,000

Single family For sale

676 W 5TH S, Midvale, Utah 84047

3Bedroom(s)
1Bathroom(s)
1Picture(s)
1,078Sqft
Visits:4
Great 3 bedroom 1 bath home located in the heart of Midvale City. Has great potential to be an investment property. This is an "as-is" property and sellers will not be making any repairs. Home is in need of work and has been priced accordingly.
$190,000

Single family For sale

4796 W 4865 S, Salt Lake City, Utah 84118

3Bedroom(s)
1Bathroom(s)
3Parking(s)
14Picture(s)
1,176Sqft
Visits:4
This Beautiful New remodel is ready to be your new home! Almost everything is brand new, from the flooring to the Kitchen and bathroom! Come and see your new home today! Agents please call CSS to show this home anytime! Square footage listed is from county records. Seller is a licensed agent, but is not the Listing agent. Listing agent acts as a Trustee for the Seller.
$240,000

Single family For sale

878 W MCKENNA, Bluffdale, Utah 84065

4Bedroom(s)
2Bathroom(s)
4Picture(s)
2,698Sqft
Visits:4
This single family community is an unbeatable value in Bluffdale. Located at the point of the mountain, this convenient locations provides easy commuting to either Salt Lake or Utah County. This new community features multiple parks nearby and a trail system. With The Outlets at Traverse Mountain located only minutes away, take advantage of the amenities and dining opportunities close by.
$382,900

Staging with Nicole

In this video we have Nicole Kampenhout of Nicole and Company showing us how she would stage our dining room. Everything she uses are items that we had already. Virtually all of our listings we have a stager come out and make suggestions or changes in order to get the best experiance for the soon to be buyer. We have found that Buyers buy on emotion and then justify the price. Nicole, helps us create that emotional experiance for the buyers.

 

Before / After Photos

YourHOME Close to EVERYTHING

241 Downington Ave.

We love Sugar House and everything near by. Living in this Downington home you will be close to EVERYTHING!

Virtual Tour

$250,000

Features

Beds: 2
Baths: 1
Square Feet: 1,631
Year Built: 1921
Area of Town: Liberty Wells
Lot Size: .11
Property Tax: $1,474
School District: Salt Lake
MLS #: 1486613
Basement – Unfinished
Bathroom on Main Floor
Broadband Available, Fiber Soon
Fireplace
Gas – Radiant Heat
Great Location

The Bungalow

Just block away from Sugar House, S-Line, Freeways, you might not even need a car!

Schedule a Showing

This brick bungalow is a just stroll to SLCC and a short bike ride to S-Line, Liberty Wells Park, Smith’s Ballpark and has a corner park just at 300 East. Easy access to highways, Sugar House, downtown, and the new Winco. Square footage figures are provided as a courtesy estimate only and were obtained from County Records. Buyer is advised to obtain an independent measurement. Owner/Agent

241 Downington Ave.

Sienna Curry

Sienna Curry

Real Estate Consultant

Sienna Curry came to the Market Source team originally as a client. She loved the process so much she decided to quite her job and join the team. As a gal from the south, politeness is an understatement. Sienna’s clients might hear a slip of a Y’all and of course Ma-am and Sir are part of her daily speech. She may be from the South, but  living in Utah for the past 5 years she knows the best of what Salt Lake has to offer. An avid skier, outdoor enthusiast, and dog lover, she fits right in.

Contact:

Phone: 916.661.4921

Email: sienna@marketsourceagent.com