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Andrea Cahoon
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    CRS - Certified Residential Specialist
    TCRES - Tooele County Real Estate Specialist

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Office: (435) 882-8868



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1185 N Main St
Tooele, UT 84074
(435) 882-8868


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Posts Tagged ‘tooele home values’

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

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.

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

June 2010 Market Summary

Monday, July 12th, 2010

Hello Everyone!
 
Summer is finally here!  I hope you are all enjoying the beautiful sunshine, yummy watermelon and corn on the cob, and fireworks!  Here is June’s real estate market summary for Tooele and Salt Lake counties.  I apologize for them being out later than usual, but I just got back from Girl’s Camp and a family reunion which kept me hoppin all of last week, so now I am playing catch up.  Here is the report:
 
Tooele County
June 1-30, 2010
 
Number of Homes Sold:  72
Average Sales Price:  $173,592.21
Average Price Per Square Foot: $72.97
Average Days on Market:  111
 
 
Tooele County
June 1-30, 2009
 
Number of Homes Sold:  75
Average Sales Price:  $185,073.16
Average Price Per Square Foot:  $86.08
Average Days on Market:  123
 
 
 
Salt Lake County
June 1-30, 2010
 
Number of Homes Sold:  999
Average Sales Price:  $256,302.10
Average Price Per Square Foot:  $103.82
Average Days on Market:  116
 
 
 
Salt Lake County
June 1-30, 2009
 
Number of Homes Sold:  1232
Average Sales Price:  $260,445.83
Average Price Per Square Foot:  $111.79
Average Days on Market:  126
 
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!  Mortgage rates seem to still be about where they have been lately, so it is still a great time to buy or refinance!  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!  Have a happy and safe July!
 
Andrea Cahoon, CRS, TCRES, CNHS
RE/MAX Platinum
435-850-8167

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

January 2010 Tooele and Salt Lake Couty Real Estate Market Summaries

Tuesday, February 9th, 2010

Happy Valentine’s Day!
 
We are still seeing a market stabilization taking place in the Tooele and Salt Lake county markets.  Though the numbers show things are still down from last year, the don’t seem to be going down much from the previous month.  As the weather begins to improve, I believe our market will too!  Here is the information from last month’s real estate transactions:
 
Tooele County:
 

January 1- 31, 2010
Number of Homes Sold:  35
Average Sales Price:  $163,801
Average Price per Square Foot:  $68
Average Days on Market:  85

 
January 1- 31, 2009
Number of Homes Sold:  37
Average Sales Price:  $173,773
Average Price per Square Foot:  $81
Average Days on Market:  83
 
 
Salt Lake County

 
January 1- 31, 2010
Number of Homes Sold:  493
Average Sales Price:  $263,969
Average Price per Square Foot:  $101
Average Days on Market:  88

 
January 1- 31, 2009
Number of Homes Sold:  444
Average Sales Price:  $270,296
Average Price per Square Foot:  $103
Average Days on Market:  83
 
If you have any suggestions for information that you would like to see added to this summary, please send them my way at andreacahoon@remax.net .  You may also visit my blog at http://inside-real-estate.com/andreacahoon for old market summaries, and new information.  I appreciate all of your support and business. If any of you need assistance with your real estate transactions, please give me a call and I would be happy to help you.  As always, if you do not wish to receive these monthly reports, please e-mail an opt-out message to andreacahoon@remax.net and I will remove you from my e-mail list.  
 
Andrea Cahoon, CRS, TCRES
RE/MAX Platinum
435-850-8167 

December 2009 Tooele and Salt Lake County Market Summaries

Wednesday, January 6th, 2010
Happy New Year to Each of You! 
 
The past year the market has been edging downward, but we are beginning to see some promising statistics for Tooele and Salt Lake Counties.  Typically the State of Utah lags behind what the national housing market does, and Tooele County lags behind what Salt Lake County does.  As we have been hearing positive reports coming from across the country, I am very optimistic for this year!  We are beginning to see signs of life returning to our markets!  This is great for sellers, but not as good for buyers.  Here is the information from last month’s real estate transactions:
 
Tooele County:
 

December 1- 31, 2009
Number of Homes Sold:  53
Average Sales Price:  $164,216
Average Price per Square Foot:  $76
Average Days on Market:  109

 
December 1- 31, 2008
Number of Homes Sold:  35
Average Sales Price:  $194,401
Average Price per Square Foot:  $79
Average Days on Market:  81
 
 
Salt Lake County

 
December 1- 31, 2009
Number of Homes Sold:  788
Average Sales Price:  $249,165
Average Price per Square Foot:  $97
Average Days on Market:  79

 
December 1- 31, 2008
Number of Homes Sold:  719
Average Sales Price:  $259,189
Average Price per Square Foot:  $104
Average Days on Market:  76
 
If you have any suggestions for information that you would like to see added to this summary, please send them my way at andreacahoon@remax.net .  You may also visit my blog at http://inside-real-estate.com/andreacahoon for old market summaries, and new information.  I appreciate all of your support and business this past year.  It has been a great year!  If any of you need assistance with your real estate transactions, please give me a call and I would be happy to help you.  As always, if you do not wish to receive these monthly reports, please e-mail an opt-out message to andreacahoon@remax.net and I will remove you from my e-mail list.  I hope you and yours all enjoy a great 2010!
 
Andrea Cahoon, CRS, TCRES
RE/MAX Platinum
435-850-8167 

November Market Summary for Tooele and Salt Lake Counties

Monday, December 7th, 2009
Hello Friends!
Merry Christmas to each of you!  I was happily surprised when I pulled up November’s market reports.  Things seem to be looking up in our neck of the woods!  Here is November’s report for your use.
 
Tooele County: 
 
November 1-30, 2009
 
Number of Homes Sold:  57
Average Sales Price:  $207,563
Average Price per Square Foot:  $82
Average Days on Market:  86
 
 
November 1-30, 2008
 
Number of Homes Sold:  35
Average Sales Price:  $181,026
Average Price per Square Foot:  $81
Average Days on Market:  70
 
Salt Lake County:
November 1-30, 2009
 
Number of Homes Sold:  1023
Average Sales Price:  $233,137
Average Price per Square Foot:  $101
Average Days on Market:  77
 
November 1-30, 2008
 
Number of Homes Sold:  596
Average Sales Price:  $261,403
Average Price per Square Foot:  $107
Average Days on Market:  73
 
 
I hope all of you can bundle up and stay close to the fire during these long, cold, winter nights!  Spring is just around the corner!!!  If you do not wish to receive these monthly reports, please e-mail an opt-out message to andreacahoon@remax.net and I will remove you from my e-mail list.  Let me know if you, your friends, or family need assistance in buying or selling property!  I would love to help them out!  HAVE A VERY MERRY CHRISTMAS and HAPPY NEW YEAR!
 
Andreaw Cahoon, CRS, TCRES
RE/MAX Platinum
435-850-8167
 
P.S.  I received loan rate information today that showed that rates are back down around 4 7/8% for a 30-year fixed rate mortage.  It is a great time to buy a home or refinance your loan!

Tooele Makes Top 25 List of Cities & Towns!

Monday, November 9th, 2009

An article was recently brought to my attention that touted Tooele, Utah, as one of the top 25 cities and towns that best express our national values.  This article was published in the May 2009 issue of Newsmax.  The list was compiled by Peter Breenberg, author of numerous New York Times best-selling books about travel and the travel editor of NBC’s Today show.  Tooele was listed as #23 because of its low property taxes and job growth from 2000-2007.  It reported that “job growth was 123.5% compared with a national average of about 16 percent.” 

The article continued that despite the huge job growth rate, the population remains around 29,000 people so it maintains its Americana feel.  I submit that Tooele is also an attractive place to raise a family as homes are typically $20,000-$30,000 less than comparable homes in the Salt Lake Valley which makes them more affordable for young families.   Contrary to the belief of some, Tooele is a short 30 minute drive from Salt Lake City, and the traffic is not near as heavy as you travel!  If you are looking to find a home for your family, give me a call!

Don’t Forget to Vote!

Tuesday, November 3rd, 2009

Today is election day and I wanted to remind everyone to get out and exercise their right to vote.  This right is something we as United States citizens seem to take for granted, but it really is important to do.  It is how we elect people that will directly and indirectly affect our lives, and so we should do our homework to learn about the issues and make educated decisions about who we want representing us.

Tooele City and Grantsville City are electing new mayors during this election and the decisions made at the polls will definitely affect us through policies they adopt, taxes they change, and perhaps even how the law is enforced (or not enforced) in the municipalities.  

There are also council positions  being determined during this election.  The city council members are those who make the laws that will govern our city and neighborhoods.  Good policies help a city become a more desirable place to live and thus increase the values of the homes in the area.  Make sure you choose wisely those who will represent what you want to see for our community in the future!

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