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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