GreatScottUtah.com » High end in Salt Lake

Salt Lake City Market Update for 1/17/11

scott — Fri, 21 Jan 2011 20:45:28 +0000

Look at this incredible home with custom additions!

scott — Thu, 15 Apr 2010 15:15:52 +0000

Price: $450,000

Bedrooms: 5

Bathrooms: 2 Full, 2 Half

Garage: 2

Square Feet: 5,238

Entertainer’s Dream! Recently renovated Willowcreek Country Club 17th fairway area location. Marble master bath. Huge second level with a custom master suite retreat bedroom. SouthEast Facing master bedroom with unobstructed mountain views. Spacious walk-in closet, sauna, jetted tub, new furnace, hot water heater. Gourmet kitchen with Sub-Zero fridge, Wolf commercial quality range, granite and stainless steel counters.

http://www.circlepix.com/tours/5?wfrnum=953574

How much have home prices dropped in Salt Lake City?

scott — Tue, 08 Dec 2009 16:00:06 +0000

Salt Lake County Sales Graph

One of my clients asked me this question yesterday and it is a very good question. From the Salt Lake Board of Realtors, the average sales price for the 3rd quarter of 2009 was $251,500. At its peak (3rd Quarter of 2007), the average sales price was $281,300. That is a 12% reduction in sales price. But this is very misleading because on the high end priced homes ($500,000 +) they have dropped anywhere from 20 to 30%. Love to get your comments on this.

October 27, 2009….Salt Lake Properties under $350,000 moving. $500,000 plus still slow.

scott — Fri, 30 Oct 2009 02:45:28 +0000

Right now houses under $350,000 are still moving. In this price range, the average time on the market is less than 4 months. But if you have a home above $500,000 this could be on the market for more than 7 months. In the “high” high end range ($900,000 +), the only properties that are selling are properties that are “steals”.