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Andrea Cahoon
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April 2011 Real Estate Market Summaries for Tooele and Salt Lake Counties

Thursday, May 12th, 2011

Hello Everyone!
What a gorgeous spring day…finally!  I just wanted to forward April of 2011′s market summary reports for Tooele and Salt Lake counties to you. 
 
Tooele County
April 1-30, 2011
 
Number of Homes Sold:  58
Average Sales Price:  $140,239.67
Average Price Per Square Foot: $64.94
Average Days on Market:  126
 
 
Tooele County
April 1-30, 2010
 
Number of Homes Sold:  81
Average Sales Price:  $176,765.93
Average Price Per Square Foot:  $74.28
Average Days on Market:  121
 
The Tooele County Absorption Rate report shows we have approximately 6 1/2 months of inventory.
 
 
Salt Lake County
April 1-30, 2011
 
Number of Homes Sold:  906
Average Sales Price:  $219,901.91
Average Price Per Square Foot:  $90.27
Average Days on Market:  133
 
 
Salt Lake County
April 1-30, 2010
 
Number of Homes Sold: 1,171
Average Sales Price:  $234,951.38
Average Price Per Square Foot:  $103.22
Average Days on Market:  121
 
The absorption rate for Salt Lake County is approximately 5months 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.  Enjoy the beautiful weather!
 
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/ .  Interest rates are slowly rising so if you wish to refinance or purchase, now is the time!

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March 2011 Tooele and Salt Lake County Real Estate Market Summaries

Tuesday, April 12th, 2011
Hello Everyone!
It has hard to tell if we are in the dead of winter of if spring is on its way, I certainly hope the latter!  The phones have been ringing at the real estate offices and people are anxious to move their families.  Confidence seems to be returning to the market, but the prices have not seemed to turn around yet.  It is still a buyer’s market for sure!  Here are the latest numbers for Tooele and Salt Lake Counties:
 
 
Tooele County
March 1-31, 2011
 
Number of Homes Sold:  44
Average Sales Price:  $151,713.00
Average Price Per Square Foot: $63.07
Average Days on Market:  141
 
 
Tooele County
March 1-13, 2010
 
Number of Homes Sold:  70
Average Sales Price:  $157,015.93
Average Price Per Square Foot:  $75.46
Average Days on Market:  119
 
The Tooele County Absorption Rate report shows we have approximately 8 months of inventory.
 
 
Salt Lake County
March 1-31, 2011
 
Number of Homes Sold:  909
Average Sales Price:  $218,592.04
Average Price Per Square Foot:  $91.16
Average Days on Market:  142
 
 
Salt Lake County
March 1-31, 2010
 
Number of Homes Sold: 1,011
Average Sales Price:  $231,933.41
Average Price Per Square Foot:  $102.80
Average Days on Market:  130
 
The absorption rate for Salt Lake County is approximately 6 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.  Happy Easter!
 
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/ .  Interest rates are slowly rising so if you wish to refinance or purchase, now is the time!

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February 2011 Market Summaries for Tooele and Salt Lake Counties

Monday, March 7th, 2011

Hello Friends! March is certainly coming in like a lion right now! Hopefully the old adage will hold true and it will go out like a lamb for us in a few weeks. DON’T FORGET DAYLIGHT SAVINGS TIME is next Sunday at 2am and we will spring the clocks forward. The phones are still ringing at our office, so it feels like business is picking up! Here are the market reports for Tooele and Salt Lake counties for February.

Tooele County

February 1-28, 2011

Number of Homes Sold: 30

Average Sales Price: $156,878.30

Average Price Per Square Foot: $65.50

Average Days on Market: 140

Tooele County

February 1-28, 2011

Number of Homes Sold: 34

Average Sales Price: $168,467.06

Average Price Per Square Foot: $67.30

Average Days on Market: 133

The Tooele County Absorption Rate report shows we have approximately 9 1/2 months of inventory.

Salt Lake County

February 1-28, 2011

Number of Homes Sold: 606

Average Sales Price: $213,586.47

Average Price Per Square Foot: $91.27

Average Days on Market: 142

Salt Lake County

February 1-28, 2010

Number of Homes Sold: 652

Average Sales Price: $243,758.26

Average Price Per Square Foot: $104.77

Average Days on Market: 124

The absorption rate for Salt Lake County is approximately 7 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. Have a great month!

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/ . Interest rates are currently hovering between 4.5% and 5%.

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January 2011 Real Estate Market Summary for Tooele and Salt Lake Counties

Tuesday, February 8th, 2011
Good Afternoon!
I understand the groundhog did not see his shadow last week, so spring is around the corner!  As we endure the last few weeks of winter here in Utah, here are the real estate market summary reports for Tooele and Salt Lake Counties for January.  I am including last year’s numbers as well so you can compare them to this year’s. 
 
Tooele County
January 1-31, 2011
 
Number of Homes Sold:  38
Average Sales Price:  $151,004.34
Average Price Per Square Foot: $65.97
Average Days on Market:  105
 
 
Tooele County
January 1-31, 2010
 
Number of Homes Sold:  39
Average Sales Price:  $167,073.08
Average Price Per Square Foot:  $71.77
Average Days on Market:  130
 
The Tooele County Absorption Rate report shows we have approximately 9 1/2 months of inventory.
 
 
Salt Lake County
January 1-31, 2011
 
Number of Homes Sold:  544
Average Sales Price:  $235,531.85
Average Price Per Square Foot:  $91.52
Average Days on Market:  146
 
 
Salt Lake County
January 1-31, 2010
 
Number of Homes Sold: 525
Average Sales Price:  $267,579.16
Average Price Per Square Foot:  $102.83
Average Days on Market:  134
 
The absorption rate for Salt Lake County is approximately 7 months of inventory.
 
 
It appears that in my brokerage the phone is ringing more, so it looks like things are beginning to pick up after the traditional holiday/winter slump.  As the weather improves, so will the number of buyers looking for new homes!  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/ .  Interest rates are hovering between 4.5% and 5%, which is still awesome!

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December 2010 Market Summary Reports for Tooele and Salt Lake Counties

Friday, January 7th, 2011
Happy New Year to you all!
 
I hope you all had a wonderful holiday season and have set your resolutions for the new year!  Here are the real estate market summary reports for Tooele and Salt Lake Counties for December.  Again, for reference I am including last year’s numbers as well so you can compare them to this year’s. 
 
Tooele County
December 1-31, 2010
 
Number of Homes Sold:  43
Average Sales Price:  $174,814.19
Average Price Per Square Foot: $69.80
Average Days on Market:  92
 
 
Tooele County
December 1-31, 2009
 
Number of Homes Sold:  57
Average Sales Price:  $171,039.09
Average Price Per Square Foot:  $79.64
Average Days on Market:  133
 
Tooele County Absorption Rate report shows we have approximately 9 1/2 months of inventory.
 
 
Salt Lake County
December 1-31, 2010
 
Number of Homes Sold:  786
Average Sales Price:  $231,032.34
Average Price Per Square Foot:  $94.81
Average Days on Market:  136
 
 
Salt Lake County
December 1-31, 2009
 
Number of Homes Sold: 885
Average Sales Price:  $248,718.66
Average Price Per Square Foot:  $101.85
Average Days on Market:  123
 
The absorption rate for Salt Lake County is approximately 7 months of inventory.
 
 
If you or anyone you know is 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 you are facing so you can avoid foreclosure!  Also, call me if there is anything I can do to help you or someone you know with any real estate questions, or to acquire or sell properties.  IT IS STILL A GREAT TIME TO BUY!  We have not seen deals like these in years and interest rates are still great!  If you do not wish to receive these e-mails, please send an opt-out message to andreacahoon@remax.net.  Best wishes to each of you during this coming year!
 
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/ .

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November 2010 Real Estate Market Summaries

Saturday, December 11th, 2010

Merry Christmas to All of You!
 
It is hard to believe that the Christmas season is here!  At our house that means birthdays too, so I apologize for getting the report out late as time got away from me!  Here are the real estate market summary reports for Tooele and Salt Lake Counties for November.  Again, for reference I am including last year’s numbers as well so you can compare them to this year’s. 
 
Tooele County
November 1-30, 2010
 
Number of Homes Sold:  48
Average Sales Price:  $180,178.13
Average Price Per Square Foot: $70.30
Average Days on Market:  124
 
 
Tooele County
November 1-30, 2009
 
Number of Homes Sold:  61
Average Sales Price:  $204,050.49
Average Price Per Square Foot:  $79.79
Average Days on Market:  102
 
Tooele County Absorption Rate report shows we have approximately 9 months of inventory.
 
 
Salt Lake County
November 1-30, 2010
 
Number of Homes Sold:  702
Average Sales Price:  $242,764.30
Average Price Per Square Foot:  $95.60
Average Days on Market:  137
 
 
Salt Lake County
November 1-30, 2009
 
Number of Homes Sold: 1119
Average Sales Price:  $232,882.01
Average Price Per Square Foot:  $107.91
Average Days on Market:  113
 
The absorption rate for Salt Lake County is approximately 7 months of inventory.
 
 
Let me know if any of you have any questions about this information, or if you have any real estates needs that I can assist you with!  If you or anyone you know is 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 you are facing. 

 

If you do not wish to receive these e-mails, please send an opt-out message to andreacahoon@remax.net.  Merry Christmas to you and yours!  May the spirit of the season bring you peace and hope!

 
Andrea Cahoon, CDPE, CRS, TCRES, CNHS
RE/MAX Platinum
435-850-8167

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September 2010 Market Summary

Wednesday, October 13th, 2010

Good Afternoon Everyone!
Fall and footballs are in there air!  What a beautiful time of year in Utah.  I remember my first fall here when I had to do a double take when the mountain started turning red.  Being from Washington State, most of our trees were evergreens and did not do that!  Here is the real estate market summary reports for Tooele and Salt Lake Counties for September.  Again, for reference I am including last year’s numbers as well so you can compare them to this years. 
 
Tooele County
September 1-30, 2010
 
Number of Homes Sold:  52
Average Sales Price:  $151,250
Average Price Per Square Foot: $69.53
Average Days on Market:  128
 
 
Tooele County
September 1-30, 2009
 
Number of Homes Sold:  67
Average Sales Price:  $188,835
Average Price Per Square Foot:  $77.12
Average Days on Market:  121
 
Tooele County Absorption Rate report shows we have approximately 8 months of inventory.
 
 
Salt Lake County
September 1-30, 2010
 
Number of Homes Sold:  695
Average Sales Price:  $256,245
Average Price Per Square Foot:  $101.31
Average Days on Market:  124
 
 
Salt Lake County
September 1-30, 2009
 
Number of Homes Sold:  969
Average Sales Price:  $238,429
Average Price Per Square Foot:  $109.88
Average Days on Market:  121
 
Let me know if any of you have any questions about this information, or if you have any real estates needs that I can assist you with!  If you do not wish to receive these e-mails, please send an opt-out message to andreacahoon@remax.net.  THANK YOU!
 
Andrea Cahoon, CRS, TCRES
RE/MAX Platinum

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August 2010 Market Summaries for Tooele and Salt Lake Counties

Tuesday, September 7th, 2010

Hello Everyone!
I think I am beginning to feel fall in the air this week and have noticed some of the leaves are turning on some trees and bushes.  The market is still slow since the federal tax credits expired, but I am glad that the market will now be able to recover without any outside “stimulation” from the government.  It will be slow going for a while, but it will come back.  As children go back to school, the market will pick up a bit as people return to their routines!   I have received a request to include the Absorption Rate, which is simply the number of homes on the market divided by the number of homes sold.  The Wasatch Front Regional Multiple Listing Service reports this in the following increments:  2 month, 3 month, 4 month, 5 month, 6 month, and twelve month.  I will include the 2 and 3 month numbers in this report.  Here is the sales information for Tooele and Salt Lake Counties for August 2010:
 
Tooele County
August 1-31, 2010
 
Number of Homes Sold:  35
Average Sales Price:  $191,718
Average Price Per Square Foot: $71.02
Average Days on Market:  117
 
2 month Absorption Rate:  44.5 per month; 13.46 months of inventory
3 month Absorption Rate:  52.33 per month; 11.45 months of inventory
 
Tooele County
August 1-31, 2009
 
Number of Homes Sold:  50
Average Sales Price:  $167,438
Average Price Per Square Foot:  $84.55
Average Days on Market:  129
 
 
 
Salt Lake County
August 1-31, 2010
 
Number of Homes Sold:  731
Average Sales Price:  $253,605
Average Price Per Square Foot:  $99
Average Days on Market:  124
 

2 month Absorption Rate: 724.5 per month; 11.62 months of inventory
3 month Absorption Rate: 802.67 per month; 10.49 months of inventory

 
Salt Lake County
August 1-31, 2009
 
Number of Homes Sold: 1036
Average Sales Price:  $256,310
Average Price Per Square Foot:  $109.73
Average Days on Market:  118
 
Many of you have contacted me to assist you with challenging the market value of your property for tax purposes and I am glad I can help you!  If you feel your property is assessed to high, you must appeal before September 15.  I hope providing this information to you is helpful and informative.  If you do not wish to receive these e-mails, please send an opt-out message to andreacahoon@remax.net.  I appreciate all of your referrals and kind words!  THANK YOU!
 
Andrea Cahoon, CRS, TCRES
RE/MAX Platinum
435-850-8167
 
P.S.  Mortgage rates are still at record lows if you are wanting to refinance!  Let me know if I can help you.

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July Real Estate Market Summaries for Tooele and Salt Lake Counties

Monday, August 9th, 2010

Happy August!
 
As I prepared the latest real estate market summaries to send out to you, I couldn’t help but think that since the federal tax credits have ended the market is now trying to make a real recovery, which is going to take a bit of time.  The real estate market has been sustained by these tax credits over the past couple of years so it hasn’t had to make its own recovery.  Now it is doing so, so the market is taking longer to stabilize than those in the industry had hoped.  
 
I hope that the industry will stabilize quickly and turn around so that homeowners everywhere can maintain the equity in their homes.  However, the declining prices makes good news for buyers as home prices continue to decrease, becoming more affordable, and the mortgage interest rates have been at historic lows.  I have heard of people locking interest rates at 4.25% for a 30 year fixed loan in the last little while. 
 
Only time will tell how long the market recovery will take.  Here are the July market summaries:
 
Tooele County
July 1-31, 2010
 
Number of Homes Sold:  49
Average Sales Price:  $184,801.43
Average Price Per Square Foot: $75.67
Average Days on Market:  142
 
 
Tooele County
July 1-31, 2009
 
Number of Homes Sold:  65
Average Sales Price:  $171,378.26
Average Price Per Square Foot:  $75.23
Average Days on Market:  118
 
 
 
Salt Lake County
July 1-31, 2010
 
Number of Homes Sold:  672
Average Sales Price:  $262,291.96
Average Price Per Square Foot:  $99.51
Average Days on Market:  115
 
 
 
Salt Lake County
July 1-31, 2009
 
Number of Homes Sold:  1112
Average Sales Price:  $257,535.25
Average Price Per Square Foot:  $101.55
Average Days on Market:  125
 
If any of you have any questions about this report or any other real estate issues, give me a call!  I would be happy to help!  Let me know if a move is in your future or any of your friends and family’s future and I would love to help get you on your way!  Enjoy the last days of summer before school starts and the days get shorter and cooler!
 
Andrea Cahoon, CRS, TCRES, CNHS
RE/MAX Platinum
435-850-8167

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February 2010 Market Summary for Tooele and Salt Lake Counties

Thursday, March 4th, 2010

Hello to All of You!
February was short and fast!  I hope you all are gearing up for SPRING!  I know I am.  The market seems to still be stabilizing so the average sales prices are still down from a year a go.  There may be some discrepancy in reporting capabilities and numbers as a brand new Multiple Listing Service (MLS)  went on line at the end of February.  Hopefully as the weather warms, so will the market!  Here is the information for February:
 
Tooele County
February 1-28, 2010
 
Number of Homes Sold:  31
Average Sales Price:  $164,712
Average Price Per Square Foot: $63.83
Average Days on Market:  142
 
 
Tooele County
February 1-28, 2009
 
Number of Homes Sold:  33
Average Sales Price:  $183,449
Average Price Per Square Foot:  $80.10
Average Days on Market:  120
 
 
 
Salt Lake County
February 1-28, 2010
 
Number of Homes Sold:  574
Average Sales Price:  $247,638
Average Price Per Square Foot:  $99
Average Days on Market:  125
 
 
 
Salt Lake County
February 1-28, 2009
 
Number of Homes Sold:  599
Average Sales Price:  $264,139
Average Price Per Square Foot:  $103
Average Days on Market:  139
 
Let me know if any of you have any questions about this information, or if you have any real estates needs that I can assist you with!  If you do not wish to receive these e-mails, please send an opt-out message to andreacahoon@remax.net.  THANK YOU!
 
Andrea Cahoon, CRS, TCRES
RE/MAX Platinum
435-850-8167

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