Salt Lake City Market Update, first week of March

Salt Lake Real Estate Market News for 12/8/2010

Check out my weekly Video for all of the latest Salt Lake City Real Estate News!

2009 Salt Lake numbers at a glance!

Yesterday I went to the Salt Lake Board of Realtors forecast luncheon and here are a few statistics I found. 1) In 2009 only 900 new single family homes were built in Salt Lake county-the lowest level since the 1940′s; while about 9100 existing single family homes were sold. 2) Historical experience suggest housing prices in Salt Lake Country will remain under downward pressure in 2010. 3) Foreclosures are the greatest threat to price increases as foreclosures continue to increase in Utah.

Bank Foreclosures still coming.

Still seeing our share of bank foreclosures. The good news is that banks are easier to deal with then short sales. Short sales are still taking a very long time to get completed and many times the buyers have moved on.

Great South Jordan Rambler

J4MR9S

Price: $369,900

Type: Single Family

Bedrooms: 5

Bathrooms: 2 Full

Garage: 3

Square Feet: 3,726

CHECK OUT THIS AMAZING SOUTH JORDAN RAMBLER WITH A LARGE, OPEN FLOOR PLAN AND HUGE OPEN KITCHEN AREA.THIS HOME HAS A GREAT FRONT AND BACKYARD THAT IS BEAUTIFULLY LANDSCAPED. BEAUTIFUL MASTER BATHROOM WITH GRANITE COUNTERTOPS. PLEASE CALL SCOTT TODAY FOR DETAILS AND TO SEE THIS BEAUTIFUL HOME 801-209-1120

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