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Showing posts from May, 2010

How's The Salt Lake City UT Real Estate Market? See the Report for May 24, 2010

Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market!
Here are the numbers looking back from 5/24/2010.

ALL LISTINGS

Total # Actives 7498
Sold last 30 days 1026
Sold 365 Days 11732
Listed last 30 days 1585
Total Pending Sales 2002
Pending last 30 days 1004
Expired last 30 days 995
Expired listings 365 Days 12340
Months Supply of Homes 7.3

SHORT SALES

Total # Actives 1629
Sold last 30 days 111
Sold 365 days 1321
Listed last 30 days 271
Total Pending Sales 179
Pending last 30 days 325
Expired last 30 days 169
Expired listings 365 Days 2121
Months Supply of Homes 14.6

Average Days on Market 112

21.7 % of our active listings are Short Sales...
17.0 % of the homes listed in the last 30 days are Short Sales...
8.9 % of the homes pending are Short sales...
16.9 % of pending homes in the last 30 days are Short Sales...
10.8 % of the total homes sold in the last 30 days were short sales...

The Salt Lake City UT Real Estate Market Report Card for May 19, 2010

Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market!

Good news! Our short sale numbers are still down and the number of home sales in Salt Lake City have come in at a whopping 1133 units in the last 30 days!


Here are the numbers looking back from 5/19/2010.

ALL SALT LAKE COUNTY LISTINGS

Total # Actives 7425
Sold last 30 days 1133
Sold 365 Days 11767
Listed last 30 days 1746
Total Pending Sales 2067
Pending last 30 days 1243
Expired last 30 days 1039
Expired listings 365 Days 12353
Months Supply of Homes 6.5


SALT LAKE COUNTY SHORT SALE LISTINGS

Total # Actives 1608
Sold last 30 days 121
Sold 365 days 1327
Listed last 30 days 281
Total Pending Sales 333
Pending last 30 days 202
Expired last 30 days 178
Expired listings 365 Days 2119
Months Supply of Homes 13.2


Average Days on Market 116

21.6 % of our active listings are Short Sales...
16.0 % of the homes listed in the last 30 days are Short Sales...
16.1 % of the homes pending are Short sales...
17.1 % of …

The Real Estate Report Card for May 10, 2010

Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market!
Here are the numbers looking back from 5/10/2010.


ALL LISTINGS
Total # Actives 7411
Sold last 30 days 977
Sold 365 Days 11657
Listed last 30 days 1760
Total Pending Sales 2262
Pending last 30 days 1416
Expired last 30 days 918
Expired listings 365 Days 12301
Months Supply of Homes 7.5


SHORT SALES
Total # Actives 1617
Sold last 30 days 119
Sold 365 days 1310
Listed last 30 days 256
Total Pending Sales 306
Pending last 30 days 177
Expired last 30 days 174
Expired listings 365 Days 2113
Months Supply of Homes 13.5

Average Days on Market 121

21.8 % of our active listings are Short Sales...
14.5 % of the homes listed in the last 30 days are Short Sales...
13.5 % of the homes pending are Short sales...
18.9 % of pending homes in the last 30 days are Short Sales...
12.1 % of the total homes sold in the last 30 days were short sales...

If we look below we will see a summary average of the market from January. …

Cinco de Mayo Real Estate Report

Lets look back at our Salt Lake County Real Estate Market! And let's look forward too!

Here are the numbers for Salt Lake County* looking back from 5/4/2010. These numbers include all listings, short sales, REO*, bank owned, foreclosures, condo, and single family homes.

Total # Actives 7363 on the Wasatch Front MLS
Sold in the last 30 days 935, by all agents & brokerages
Sold in the last 365 Days 11582, by all agents & brokerages
Listed last 30 days 1841, by all agents & brokerages
Total Pending Sales 2324, by all agents & brokerages
Pending last 30 days 1506, by all agents & brokerages
Expired last 30 days 972, by all agents & brokerages
Expired listings 365 Days 12357, by all agents & brokerages
Months Supply of Homes 7.8


SHORT SALES
Total # Actives 1611, by all agents & brokerages
Sold last 30 days 117, by all agents & brokerages
Sold 365 days 1303, by all agents & brokerages
Listed last 30 days 267, by all agents & brokerages
Total P…

Life after the Tax Credit

Will there be life after the tax credit? I think there will be! I actually think life will be better! If we examine our Salt Lake City real estate market and look at the number of homes for sale and the number of short sales we have just in Salt Lake county, we are forced to conclude that prices will drop some more!

We may actually be getting to the very best time to buy a home! If you were on the fence or didn't really care if you got the tax credit, I think you will really benefit now. The sellers who still need to sell and didn't get under contract will have to sharpen their pencil even a little more to get their home gone.

It will be interesting to see what happens with our short sale numbers. A short sale is a foreclosure waiting to happen if it doesn't sale and with the number of short sales fluctuating between 21 and 25% we have to consider what happens to those properties.

The key to correcting our real estate market is to keep unemployment low and to get rid of mo…