In the last few quarters, Salt Lake has seen fantastic growth in the real estate market. Some areas are seeing consecutive double digit increases. Now some people are starting to talk about a bubble and when is it going to burst. Well from this agents point of view, I don't think it is going to happen. For the past 4 years we have only seen very little growth (2-5%) on average. And now with all of our recent job growth and national exposure (Winter Olympics) we have started to see great demand for Salt Lake Real Estate.

I don't consider this a bubble but rather a sign of things to come. With more and more demand for this area and with less and less land to develop, the resale market is only going to get stronger.

The Salt Lake market is really heating up. We are seeing multiple offers and houses selling for more than asking price. The hot areas are Sugarhouse and the Avenues but we have started to see this trend move south into Sandy and Draper. Any home that is in good condition should be sold within the first week and will have a strong possibility to have multiple offers on it. For more information keep readinghttp://sltrib.com/ci_2772823