Hello and Happy New Year!
I hope your holidays were wonderful and memorable. The housing trend appears to be continuing in Tooele and Salt Lake counties with more homes sold in December of 2011 than in December of 2010.
If you or someone you know is having a hard time making their mortgage payments, make sure you check out my website for people who need help deciding what options they have to avoid their home being foreclosed on. Feel free to share it with anyone you know who it may help. It can be found at www.UtahHomeownerHelp.com . Here is December’s report:
Tooele County
December 1-31, 2011
Number of Homes Sold: 51
Average Sales Price: $148,276.39
Average Price Per Square Foot: $58.93
Average Days on Market: 168
Tooele County
December 1-31, 2010
Number of Homes Sold: 44
Average Sales Price: $173,000.23
Average Price Per Square Foot: $70.06
Average Days on Market: 92
The Tooele County Absorption Rate report shows we have approximately 5 months of inventory when you include sold and under contract listings together in the equation. If the under contract listings are included with the active listings, the absorption rate increases to about 9 months of inventory.
Salt Lake County
December 1-31, 2011
Number of Homes Sold: 863
Average Sales Price: $220.805.17
Average Price Per Square Foot: $87.42
Average Days on Market: 129
Salt Lake County
December 1-31, 2010
Number of Homes Sold: 832
Average Sales Price: $230,530.97
Average Price Per Square Foot: $94.97
Average Days on Market: 135
The absorption rate for Salt Lake County is approximately approximately 4 months of inventory when you include sold and under contract listings together in the equation. If the under contract listings are included with the active listings, the absorption rate increases to about 7 months of inventory.
Don’t keep me a secret! If you or any one you know is looking to buy or sell real estate, have them give me a call! If you do not wish to receive these e-mails, please send an opt-out message to andreacahoon@remax.net.
Andrea Cahoon, CDPE, CRS, TCRES, CNHS
RE/MAX Platinum
435-850-8167
P.S. You can view this market summary report, and others from past months at my blog located at http://inside-real-estate.com/andreacahoon/.
Avg. Sales Price: 379,000
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