Tuesday, October 4, 2011

Fall real estate report for Salt Lake City


Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market! Here are the numbers looking back from 10/3/2011.

As we move into fall we find ourselves with the lowest inventory we have had all year. Our highest number of sales this year occurred ending the week of September 7th with 916 units sold for that 30 day period. We just sold 724 units so we are down from that high but still well above the low point which was at the end of January with 442 units.

We had a very strong summer market and overall sales have been very good considering the market as a whole. With 25% of the market consisting of short sales we are still a long way off for any real appreciation.

ALL LISTINGS
Total # Actives 5945
Sold last 30 days 724
Sold 365 Days 10571
Listed last 30 days 1243
Total Pending Sales 1625
Pending last 30 days 904
Expired last 30 days 878
Expired 365 Days 10976
Months Supply of Homes 8.2

SHORT SALES

Total # Actives 1542
Sold last 30 days 99
Sold 365 days 1474
Listed last 30 days 227
Total Pending Sales 270
Pending last 30 days 122
Expired last 30 days 172
Expired listings 365 Days 2584
Months Supply of Homes 15.5

Bank Owned
Total # Actives 111
Sold last 30 days 124
Sold 365 Days 1894
Listed last 30 days 43
Total Pending Sales 105
Pending last 30 days 65
Expired last 30 days 23
Expired listings 365 Days 139
Months Supply of Homes 1

Average Days on Market 118
Average Price per Sq Foot $90
Homes are selling for 89 % of original list price

25.9 % of our active listings are Short Sales...
18.2 % of the homes listed in the last 30 days are Short Sales...
16.6 % of the homes pending are Short sales...
13.4 % of pending homes in the last 30 days are Short Sales...
13.6 % of the total homes sold in the last 30 days were short sales...

1.8 % of our active listings are Bank Owned...
3.4 % of the homes listed in the last 30 days are Bank Owned...
6.4 % of the homes pending are Bank Owned...
7.1 % of pending homes in the last 30 days are Bank Owned...
1.7 % of the total homes sold in the last 30 days were Bank Owned...




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