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

Good Afternoon Everyone,

Many of you have seen the newspaper articles that have stated that local real estate prices are still coming down, but the number of homes being sold has increased.  October was no different.  There were more sales in October of 2011 than in October of 2010, but with a lower average sales price.  I don’t see this trend changing any time soon, and the mortgage interest rates are still amazingly low, so if you have ever wanted to invest in real estate, NOW IS THE TIME. 

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.  Feel free to share it with anyone you know who it may help.  It can be found at www.UtahHomeownerHelp.com .  October’s market summary for Tooele and Salt Lake Counties can be found below. 

Tooele County

If the mortgage payment that that felt feasible at the time you closed on your home is no longer manageable, you are in good company. In fact, current estimates are that 6.3 million homeowners are in some stage of foreclosure.

Please know that I am here to help you and anyone you care about with any homeownership challenges that you might be facing during these tough times. I cannot emphasize enough that foreclosure is NOT the only option.

As a real estate professional who has achieved the Certified Distressed Property Expert (CDPE) designation, I am tapped into major lenders and the latest options for avoiding foreclosure and helping homeowners to get a fresh start to their lives.

Please don’t hesitate to let me know how I can help.

Respectfully yours,

Andrea Cahoon, CDPE, CRS

RE/MAX Platinum

435-850-8167

adcahoon@wirelessbeehive.com

BUYER SERVICES ** SELLER SERVICES ** DISTRESSED PROPERTY EXPERT

Hello All and Happy Fall!

About a year ago I completed the designation of a Certified Distressed Property Expert so that I can better help those homeowners who are unable to make their house payments.  It has been a busy year, and is getting busier!  I have a new web site for people who need help deciding what options they have if they can no longer make their house payments.  Feel free to share it with anyone you know who it may help.  It can be found at www.UtahHomeownerHelp.com .  September’s market summary for Tooele and Salt Lake Counties can be found below. 

Tooele County

Another thought about the Tooele market: I am sure that many of you read the Tooele Transcript Bulletin Article from September 6, 2011, that is titled, “Study: DCD closure could be devastating.” This article discusses a study that was conducted to see what the closure of the chemical weapons incinerator would do to Tooele County. It forecasted that the closure would affect 620 households in Tooele County. Of these families they expect will be affected by the closure, they anticipate that 54% will try to stay in the area to find work. The DCD is also staggering the layoffs so that every one is not laid off at once. However, even the 46% of people that they expect will need to leave the area will have a significant affect on the Tooele housing market. If I were considering selling a property in the next year, I would do it sooner, rather than later, as the DCD closure will affect the Tooele housing market and property values adversely. If you have any questions about this, or have a property you want to sell, please contact me.

Here is the market summary:

Tooele County

August 1-31, 2011

Number of Homes Sold: 70

Average Sales Price: $158,894.91

Average Price Per Square Foot: $64.81

Average Days on Market: 143

Tooele County

 August 1-31, 2010

 Number of Homes Sold:

36 Average Sales Price: $190,133.05

Average Price Per Square Foot: $70.78

Average Days on Market: 117

The Tooele County Absorption Rate report shows we have approximately 4.5 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

 August 1-31, 2011

 Number of Homes Sold: 1,062

Average Sales Price: $218,811.98

Average Price Per Square Foot: $88.20

Average Days on Market: 116

Salt Lake County

 August 1-31, 2010

Number of Homes Sold: 784

Average Sales Price: $254,302.63

Average Price Per Square Foot: $99.36

Average Days on Market: 123

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 7.5 months of inventory.

If you or any one you know is looking to buy or sell real estate, have them give me a call! Also if you know of anyone having trouble making their house payments, please call me. There are many options available, and I would be happy to help you or your friend work through the tough times that they are facing so foreclosure can be avoided! 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/.

A Warm Hello to Everyone!

Here is July’s Real Estate Market Summary.  I hope you are enjoying the last days of summer before school starts in a couple of weeks.  It sure went fast at our house!  Here is the market information: