Amazing Remodel in Sandy…5 bedrooms

Price: $278,000

 Type: Single Family

 Bedrooms: 5

Bathrooms: 2 Full, 1 Partial

Garage: 2

Square Feet: 2,640

This home has it all. Totally remodeled kitchen with 2 ovens, stainless steel appliances, granite countertops and cabinets. New carpet, new tile and 2-tone paint throughout. New central A/C, sprinklers system, and deck. Garage has tons of storage with an oversized loft for extra space. Yard has plenty of room with a vegetable garden. This beautiful home is sure to impress!

http://www.circlepix.com/tours/5?wfrnum=965534

Median Home Prices Up In 60% of Cities in 1st Quarter

WASHINGTON (AP) — Home prices rose in nearly 60% of U.S. cities in the first quarter of this year, the National Association of Realtors says. The median sales price for previously occupied homes rose in 91 out of 152 metropolitan areas tracked in the January-March quarter versus a year ago. There were double-digit price increases in 29 cities.

CHART: Median sales price by metro area

 That’s a sharp improvement from the fourth quarter of last year, when prices rose in about 40% of cities. The national median price was $166,100, or 0.7% below the first quarter of last year.

 Sales of foreclosures and other distressed properties made up 36% of all sales in the first quarter.

 The largest percentage price increase was in Saginaw, Mich., where the median price doubled to nearly $61,000. Prices in Akron, Ohio were up 95% to about $95,000. Prices in Cleveland were up 54% to $106,400.

 The largest price decline was in Orlando, where they dropped 15% to nearly $132,000. Prices in Ocala, Fla., fell 14.5% to a median of nearly $93,000. Prices in Cumberland, Md., fell 14.4% to $98,300.

3rd Quarter Real Estate Figures for Salt Lake County

Sales down 11% year over year (949 vs 1,161)

Median Price: down 7% year over year ($205,000 vs $220,000)

Median price per Square Foot: down 9% year over year ($104.22 vs $111.40)

All numbers compare 2009 3rd Quarter to 2008 3rd Quarter.

Price is Key in the Salt Lake market

I cannot stress this enough. For those who are trying to sell their home in the Salt Lake area, you need to set the price right. Now what does that mean. I means setting it to where you are the most attractive price in your neighborhood. It doesnt mean give it away but you have to be aggressive. The homes with the best interior, location, etc and are priced right will sell in 30 days. The rest of you will be left to compete against everyone else in the neighborhood.

Clean it up, make it look great and listen to your Real Estate Professional and it will sell. This is not the market to try and test the market.

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