Monday, November 7, 2011

The Real Estate Report Card Salt Lake City Ut area week of November 11,2011

Lets take a look at our 30 day snapshot of our
Salt Lake County Real Estate Market!
Here are the numbers looking back from 11/7/2011.

Today our inventory is as low as it's been all year. Our sales are still strong but the numbers have slowed somewhat. Our short sale inventory has also shrunk, however 27% of our homes active on the market are short sales.

We have signs of an improving market but short sales will still control the over-all prices of properties coupled with unemployment.

We really need to continue to grow our job base, especially jobs that are high paying enough to allow people to buy homes!

ALL LISTINGS
Total # Actives 5643
Sold last 30 days 872
Sold 365 Days 10964
Listed last 30 days 1139
Total Pending Sales 1475
Pending last 30 days 850
Expired last 30 days 829
Expired 365 Days 10589
Months Supply of Homes 6.4

SHORT SALES
Total # Actives 1546
Sold last 30 days 117
Sold 365 days 1550
Listed last 30 days 208
Total Pending Sales 254
Pending last 30 days 122
Expired last 30 days 140
Expired listings 365 Days 2472
Months Supply of Homes 13.2

Bank Owned
Total # Actives 106
Sold last 30 days 195
Sold 365 Days 1994
Listed last 30 days 39
Total Pending Sales 85
Pending last 30 days 59
Expired last 30 days 10
Expired listings 365 Days 141
Months Supply of Homes 1

Average Days on Market 134
Average Price per Sq Foot $88
Homes are selling for 85 % of original list price

27.3 % of our active listings are Short Sales...
18.2 % of the homes listed in the last 30 days re Short Sales...
17.2 % of the homes pending are Short sales...
14.3 % of pending homes in the last 30 days are Short Sales...
13.4 % 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...
5.7 % of the homes pending are Bank Owned...
6.9 % of pending homes in the last 30 days are Bank Owned…
22 % of the total homes sold in the last 30 days were Bank Owned...

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