Market Conditions
June home sales jumped from May from 3 under contracts to 10! Solds were 5, up one from 4 in May. There are 35 current listings, which gives us a 3.5 month supply of inventory, which technically makes Yalecrest a sellers market, but remember, prices have continued to come down, about 8.4% so far this [...]
Continue reading about June 2010 Real Estate Round Up For Yalecrest
May 2010 statistics for Yalecrest decreased by half compared to April sales. Properties under contract were 3 and those that closed were 4. Total inventory increased from 27 to 35. The market absorption and inventory numbers increased slightly as well.
UNDER CONTRACT HOMES
SOLD HOMES
MAY 2010 ABSORPTION RATE
Continue reading about May 2010 Real Estate Round Up for Yalecrest
Yalecrest July sales dropped dramatically from June sales by 6, to 4 sales, pending sales were the same at 2 for each month. Sales equaled July 2008 with 4.
June Home Sales
July Sales - 2009: 4
July Sales - 2008: 4
Year to Year comparison: no change 0%
July Median Home Price
Median - 2009: $510,000
Median - 2008: $ 395,000
Year [...]
Yalecrest had a anemic month for sales, but pending sales skyrocketed to 10. Even though sales were weak, it was better than April 2008 when we had NO sales.
April Home Sales
April Sales - 2009: 1
April Sales - 2008: 0
Year to Year comparison: not calculable (increase)
April Median Home Price
April Median - 2009: $575,000 (only one [...]
UPDATE: 2/12/09; 4:41 p.m. MST from Inman News:
According to a summary of the compromise bill released by lawmakers Thursday, the tax credit will still be available only to first-time homebuyers — those who haven’t owned a principal residence in the last three years. But they won’t have to pay it back, as is currently the [...]
Continue reading about $8,000 Tax Credit for first time home buyers
Just released; 4th quarter real state statistics for 2008. This includes the counties of Salt Lake, Davis, Tooele, Utah, and Weber. These are provided by the Salt Lake Board of Realtors and have not been made available to the media as of this posting.
Summary of Results:
Salt Lake County: Median Price; $239,500, down 0.17%
Davis County: Median [...]
Continue reading about Hot off the Press; 4th Quarter Salt Lake City Real Estate Stats
