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
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
Virtual TourShort Sale Packet Preperation Is KEY for a Quick Short Sale Close!
I am working on a short sale in South Jordan, Listed the home and within 30 days got an offer. Submitted the offer and the entire package to the bank and the banks response was “this was the best short sale packet they have ever seen.” Within 30 days I have been assigned a negotiator which is the best part when dealing with the bank. Once you have a negotiator (or closer) you can talk to a person who has the ability to negotiate for the bank. Normally this could take 3 to 4 months, mine only took 30 days. For a copy of my list to help get your short sale negotiated, call me.
Salt Lake Market News
Last week I was with buyers (under $240,000) looking in the South Jordan, Herriman area. This area has alot of short sales in this price range, but for those seller who are NOT short sales, you have an advantage. Most buyers do not want to hassle or wait for a short sale. So if you are NOT a short sale and can close in 30 days, you should have more showings and might be able to hold on your price.
Call Me Back Scott
Scott’s Statistics
Home Price Trends
