Monday, March 5, 2012

The Salt Lake City Utah Real Estate Market / Home Sales for Salt Lake County

The Real Estate Report Card - www.TheRealEstateReportCard.com
Lets take a look at our 30 day snapshot of our Salt Lake County Real Estate Market!
Here are the numbers looking back from 3/5/2012.

Wow! I have some interesting news to report! In the last 30 days we sold 726 homes compared to only 603 last year this same time. That's a 20% gain in units sold!

In the last 30 days 1015 have been put under contract...last year that number was 842. Also a 20% gain.

30.8% of our active listings are short sales, last year that number was 26.9%

Our average price square foot now is $87, last year at the same time was $96. Almost 10%. 

Homes are selling, it's a great  time to buy, and if you can sell, now is the time to sell. Short sales are definitely impacting prices.

Average Price per Sq Foot $87
Average Days on Market 121
Homes are selling for 89 % of original list price
Months Supply of Homes 6.3

ALL LISTINGS
Total # Actives 4594
Sold last 30 days 726
Sold last 365 Days 11563
Listed last 30 days 1124
Total Pending Sales 1722
Pending last 30 days 1015
Expired last 30 days 533
Expired 365 Days 9278

REO/BANK OWNED
Total # Actives 73
Sold last 30 days 170
Sold last 365 Days 2072
Listed last 30 days 26
Total Pending Sales 99
Pending last 30 days 71
Expired last 30 days 10
Expired listings 365 Days 112
Months Supply of Homes .42

SHORT SALES
Total # Actives 1415
Sold last 30 days 132
Sold last 365 days 1705
Listed last 30 days 208
Total Pending Sales 330
Pending last 30 days 166
Expired last 30 days 135
Expired listings 365 Days 2131
Months Supply of Homes 10.7

SHORT SALES
30.8 % of our active listings are Short Sales...
18.5 % of the homes listed in the last 30 days re Short Sales...
19.1 % of the homes pending are Short sales...
16.3 % of pending homes in the last 30 days are Short Sales...
18.1 % of the total homes sold in the last 30 days were short sales...

REO/BANK OWNED
1.5 % of our active listings are Bank Owned...
2.3 % 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
23.4 % of the total homes sold in the last 30 days were Bank Owned...

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