GreatScottUtah.com » Listing Price

Recent Statistics for Salt Lake City Real Estate

scott — Wed, 20 Apr 2011 20:03:07 +0000

Sales of previously owned homes in Salt Lake County in Februrary decreased 2% compared to February 2010. The median price in Salt Lake County was down 13% compared to February of 2010. BUT year to date in Salt Lake County, we are still up 2% compared to 2010. For more statistics, contact me at scott.robbins@utahhomes.com.

Check out this gorgeous Canyon Rim Remodel!

scott — Thu, 24 Mar 2011 19:25:44 +0000

Price: $259,900

Bedrooms: 3

Bathrooms: 1 Full, 1 Partial

Garage: 2

Square Feet: 1,800

Not your typical Canyon Rim Bungalow. Custom 2-tone paint throughout with all new carpet. Great kitchen with newer cabinets, appliances and granite counters. Newer vinyl windows. Plantation shutters. This home offers great lighting and open space. The incredibly spacious basement has ample space and higher ceilings with an office area and a huge bedroom with private bath. Home offers great light but is surrounded by large tall pines for privacy and shade. The 2-car garage and large outdoor storage shed offer so much room for storage. What a beautiful view of Mt. Olympus. Come see this great home today. Call Scott for details 801.209.1120

http://www.circlepix.com/tours/6?wfrnum=1016143 Click here to see the tour!

Gorgeous Remodel in Cottonwood Heights

scott — Tue, 23 Nov 2010 20:26:20 +0000

Price: $149,900

Type: Condo/Townhome

Bedrooms: 2

Bathrooms: 1 Full, 1 Partial

Square Feet: 1,150

MLS ID: 999087

JUST REDUCED!! Best townhouse on the market ***Complete Remodel*** New carpet, paint, windows, roof, cabinets, tile, fixtures etc. Everything is new. Conveniently located in Cottonwood Heights and is within walking distance to the recreation center and schools. You will not want to miss seeing this remarkable place. Call Scott to arrange a showing 801-209-1120

http://www.circlepix.com/tours/6?wfrnum=999087

Amazing…Like A Model Home

scott — Mon, 18 Oct 2010 17:44:37 +0000

Price: $285,000

Type: Single Family

Bedrooms: 4

Bathrooms: 3 Full, 1 Partial

Garage: 2

Square Feet: 2,500

What an impeccable home in a beautiful gated community. 3 -tone paint, upgraded carpet, plantation shutters, and vaulted ceilings. A large open kitchen with granite countertops and stainless steel appliances. Upstairs has 2 master suites both with private baths. There is tons of natural light throughout the home. Beautiful backyard with a private setting with tons of shade, trees and privacy. Call Scott to arrange a showing of the gorgeous place 801-209-1120

http://www.utahrealestate.com/report/public.single.report/report/photo/listno/993079

Housing Inventories Rise for Eighth Straight Month

scott — Thu, 09 Sep 2010 17:08:03 +0000

Housing inventories rose in many U.S. cities for the eighth straight month in August in a sign of the continued headwinds facing a soft housing market. The number of available homes for sale in 26 major metropolitan areas at the end of August increased 0.4% from one month earlier, according to figures compiled by ZipRealty Inc., a real-estate brokerage firm based in Emeryville, Calif. The figures include all single-family homes, condominiums and townhouses listed on local multiple-listing services in markets where the firm operates. (See the full data). Inventories traditionally rise modestly in August. Zelman & Associates, a research firm, says listings have typically risen by 2% in August over the past 28 years. The less-than-average gain in inventories is troubling, nonetheless, because demand has fallen sharply since a tax credit to spur sales expired earlier this year. At the current pace, it would take 12.5 months to clear the backlog of unsold homes, according to the National Association of Realtors. A healthy market typically a six-month supply of homes. Inventories nationally remain at their highest levels since November 2008, according to Zelman data. The August inventory in the 26 markets tracked by ZipRealty showed a 10.6% year-over-year increase in the number of unsold homes listed for sale. A number of cities, including Houston, Philadelphia, and Orange County, Calif., remain at 18 month highs. “It’s across the country where you’re seeing really big inventory levels,” says Pat Lashinsky, chief executive of ZipRealty. The biggest gains in inventory continue to come from overheated Western markets where bidding wars on foreclosures pushed the housing supply down to very low levels one year ago. Las Vegas saw inventory rise by 9.3% from July, while listings were up by 4.6% in Phoenix and 3.8% in San Diego. Compared to one year ago, inventories are up by 59% in San Diego, 43% in Orange County, Calif., and 25% in Los Angeles. One big problem facing the market are the number of home sellers who can’t lower their prices any further without selling their home for less than they owe. Those sellers are often unwilling to reduce prices. Buyers, meanwhile, think prices are going to drop and interest rates aren’t going to rise soon, leaving them little incentive to make a deal now. Sellers and buyers “are waiting for the other one to make a move, and neither one is,” says Mr. Lashinsky. One of the biggest misconceptions about the market right now, he adds, is that there’s no interest in housing. There are plenty of buyers waiting the buy, he says, but not at current prices. On a monthly basis, inventories fell in half of all markets, led by Austin, Texas, which was down 3.8%, followed by Charlotte, N.C., (down 3%) and Boston (down 2%). For the year, inventories are down in Miami (8.6%), Chicago (2.2%) and Orlando, Fla., (2.2%). Inventories are falling in more markets in part because sellers are just taking their homes off the market. “Sellers have realized, ‘I just can’t get the price I want. Instead, I’m going to stay here,’” says Mr. Lashinsky. While that may work for buyers who just can’t lower their prices any further, he says, “if you think you can put it back on nine months later for 10% more, that’s not a very wise strategy.”

More home listings seeing price reductions in August

scott — Wed, 08 Sep 2010 20:30:33 +0000

Nearly half of the houses for sale in the U.S. are listed for less than what the seller originally asked for, with the average list price declining 7.1% in 26 U.S. markets, according to a survey released by ZipRealty.

The Emeryville, Calif.-based Internet real estate brokerage said that in August, 47% of houses for sale had a least one listing price reduction since first going on the market, up 3.26% from July’s level. ZipRealty tracks data in 26 major housing markets. On average, home sellers are reducing prices twice to garner enough interest from prospective buyers.

The average price reduction was $19,092, ZipRealty said, adding the national median list price dropped 2.1% to $249,631 in August. Less than 1% of the houses listed for sale were new listings in August, indicating that fewer sellers are entering the post-homebuyer tax credit market, said ZipRealty Vice President Leslie Tyler.

“It appears that homebuyers are taking their time as they don’t feel a sense of urgency to make an offer, unless the price is right, and sellers are having to aggressively cut their prices to stay competitive in this market,” Tyler said. “We typically find if a buyer hasn’t walked through the door in 30 to 45 days, a seller needs to lower their asking price. If a home hasn’t had an offer in six months, it’s time to rethink the sale.”

The chart below shows the markets with the largest median price reduction in absolute dollars (click to expand):

The markets with the smallest median reduction in absolute dollars were Dallas and Houston, which each experienced a $10,000 reduction in August.

Jacksonville, Fla., had the highest percentage of price-reduced homes; with 55% house listings having at least one price reduction. Other markets where more than half of sellers reduced asking price include Austin, Texas; Chicago; Minneapolis, Minn.; Orlando, Fla.; Phoenix and Tucson, Ariz.

The Denver market had the lowest rate of price-reduced listings, at 33.2% in August, followed by Los Angeles (41.4%) and the Miami/Ft. Lauderdale/Palm Beach market (42.3%)

Florida markets took the top three spots in the rate of price reduction, led by Miami, with a 12.32% reduction, Orlando (11.49%) and Jacksonville (11.24%).

The data is based on real estate listing and price reduction data from the Multiple Listing Services (MLS) in 26 of the 35 housing markets where the real estate brokerage operates as of Sept. 1. ZipRealty noted in its report that the research it provides is intended to indicate general market conditions and trends, not the company’s operational performance. As a publicly traded entity, it referred questions on its own performance to its public disclosures with the Securities and Exchange Commission (SEC)

Stunning Salt Lake Remodel

scott — Wed, 01 Sep 2010 19:09:45 +0000

Price: $228,500

Type: Single Family

Bedrooms: 3

Bathrooms: 2 Full

Square Feet: 1,200

CUTE, CUTE, CUTE! Complete remodel. New custom kitchen with maple cabinets, granite counter tops and stainless steel appliances. Hardwood floors in living & dining room. Travertine Fireplace. New double pane windows bring in tons of natural light. Master bedroom has a beautiful private bathroom. This great backyard offers a patio setting with tons of room and shade. The entire house has all new paint and flooring throughout. Easy to show this wonderful place! Call Scott Robbins today to arrange a showing of this place 801.209.1120

http://www.circlepix.com/tours/6?wfrnum=985211

Gorgeous West Jordan Townhouse

scott — Mon, 23 Aug 2010 17:22:39 +0000

Price: $159,900

Type: Condo/Townhome

Bedrooms: 3

Bathrooms: 2 Full, 1 Partial

Garage: 1

Square Feet: 1,256

Not A SHORT SALE! Beautiful END UNIT Townhome. Very well cared for. light and bright 3 Bed, 3 Bath, Laundry on main. Amenities include yard maint, pool, clubhouse, excerise room, play ground. HOA pays water, sewer & trash.

http://www.circlepix.com/tours/6?wfrnum=982565

Gorgeous West Jordan Rambler

scott — Thu, 22 Jul 2010 20:14:15 +0000

Price: $232,000

Type: Single Family

Bedrooms: 4

Bathrooms: 3 Full

Garage: 2

Square Feet: 2,632

Check out this beautiful home in West Jordan! This is not a short sale, it is just a great deal! 4 bedrooms and 3 full bathrooms offer plenty of space. This is an amazing Rambler with a perfect backyard and with NO backyard neighbors. The covered patio offers plenty of space to entertain. The home is updated to perfection. The large kitchen with vaulted ceilings that open up to the Great Room. The basement offers a large media family room with a private office. Plenty of RV parking for all of the toys. Call Scott Robbins today to take a tour of this gorgeous home 801.209.1120

http://www.circlepix.com/tours/6?wfrnum=976891

Listing prices are on the rise…

scott — Mon, 19 Jul 2010 17:17:51 +0000

After increasing for the first time in nine months in May, asking prices for active home listings were virtually unchanged in the June reading of the Altos Research 10-city composite price index. In addition, inventory of existing homes for sale increased both in June and for Q210.

The June median listing sales price for single-family existing homes was $477,937 in June, down $146, about 0.03%, below the May 2010 median of $478,083 for homes in Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco, and Washington DC.

The 10-city composite median price bottomed out at $470,017 in January 2009. The composite gradually increased to $509,030 in July, before the nine-month-long run of declines. Since the end of March, prices in the 10-city composite at up 0.2%.

Altos Research said 13 of 26 markets it tracks reported increases in asking sales prices for homes during the month of June. For Q210, asking prices were up in 14 markets. San Francisco led both categories with a 2% in June and an increase of 4.4% quarter-over-quarter.

Following San Francisco in asking price increases was San Jose (1.5% in June, 2.5% in Q210), Austin (1%, 1.7%), Dallas (0.9%, 2.2%) and Cleveland (0.8%, 1.5%).

The market with the biggest decrease was Phoenix, down 2.4% from June and 3.9% in Q210, followed by changes in Miami (-2.3%, -4%), Washington DC (-0.8%, 0.4%), Las Vegas (-0.6%, -0.9%) and Boston (-0.5%, 0.1%).

Listing inventory totaled 304,831 properties in the 10-city composite, up 2.8% and 5.4% for the quarter. Chicago was the only market where listing inventory decreased in June, but the area was still up 0.7% for the quarter. While Detroit posted a 1.6% increase in listing inventory during June, it was the only market with a decrease in listing inventory for the quarter, down 2.1%. San Francisco lead all markets in inventory volume, up 7.6% in June and 13.5% for the quarter.