Taylor Nelson Real Estate | Murray, West Jordan UT | Buying a Home, Selling a Home, Real Estate Market, First Time Home Buyers

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Taylor Nelson
Realtor

Direct: 801-518-9808

Office: 801-270-9110

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7985 S. 700 E.
Sandy, UT 84070
801-270-9110

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Housing Market

SALT LAKE HOME SALES FOR MAY 2010

Tuesday, June 29th, 2010

I am continually asked how home sales are doing in Salt Lake County.  The Salt Lake Board of Realtors reports that, “While U.S. home sales in May showed a surprising fall, in Salt Lake County home sales rose more than 20 percent, according to a story in the Salt Lake Tribune.”  This does not come as a surprise to me.  Although Salt Lake has had months not as good as others as a whole the market is doing well compared to many other cities around the nation.  Also, with interest rates below 5% it is a perfect time to look into buying a home or refinancing the current home you own!!!

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HOUSING MARKET IN SALT LAKE CITY

Monday, May 10th, 2010

So many people are asking how the housing market is doing in Salt Lake City.  The Salt Lake Board of Realtors states, KSL-NBC TV reported that “nearly every ZIP code in Salt Lake County saw increases in single-family home sales” in this year’s first quarter compared to last year. “Salt Lake’s west side saw the biggest jump of more than 122 percent,” the story noted. Sales of single-family homes climbed 15.3 percent during the first quarter of this year, according to the Salt Lake Board of REALTORS.”  

So it looks like homes sales are up.  A good reason they are up is because of the First Time Home Buyer Tax Credit and low rates.  We will have to continue to watch the market to see how it will respond with the $8,000 tax credit no longer available.

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SALT LAKE COUNTY HOME SALES CONTINUE TO REBOUND

Tuesday, January 26th, 2010

The Salt Lake Board of Realtors reported that “sales of single-family homes in Salt Lake County were up 36.2% in the fourth quarter compared to the same quarter last year.”  This doesn’t necessarily mean that home prices are going up, but it does mean that people are out there buying homes.  Some cities in Salt Lake County saw homes sales jump dramatically while others were a bit more steady.  The Salt Lake Board of Realtors reported that “in Draper (84020) home sales soared by 51.7 percent. In Midvale (84047), sales were up 108.8 percent. In Herriman (84096), sales rose by 42.3 percent. In West Valley (84128), sales were up 38.5 percent. Areas of downtown Salt Lake City also saw big increases in sales. Sales in the Avenues (84103) were up 41.7 percent.”

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WHAT IS MY HOME WORTH????

Friday, December 11th, 2009

Many people ask themselves “What is my home Worth?”  There are actually a few ways to determine this.  The two main ways to figure out the value of your home is to 1) order an appraisal or 2) have a real estate agent do a comparative market analysis (CMA).

Whether you have a home in Murray, a home in West Jordan, or a home anywhere in Utah you can always order an appraisal.  An appraisal will cost you several hundred of dollars, but is a very accurate way to find out what your home is worth.  When you are going to buy a home in Murray, buy a home in West Jordan, or buy a home anywhere in Utah you will required to have an appraisal done.  If you do pay cash for your home you are not required to order an appraisal. 

Another great way to find out the value of your home is to have a real estate agent do a comparative market analysis, otherwise known as a CMA.  The good part about this is that it is usually free!!!  Real estate agents are able to pull up homes that have sold in your neighborhood and use computer software to figure out what your home is worth.

If you are looking to get your home sold or just looking to see what your home is worth I would be more than happy to help you with that.  It is typically an easy process and yes it is absolutely free.  For a more accurate market analysis I would prefer to come take a look at your home, but I am also able to pull up the information I need on my computer from county records.

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Posted in Appraisal, Homes, Homes for Sale, Housing Market | No Comments »

$8,000 FIRST TIME HOME BUYER TAX CREDIT, SETS RECORD

Friday, November 20th, 2009

So the $8,000 tax credit was put in place to help stimulate the economy and help home sales.  It looks like it is working.  During the last year there have been more first time home buyers than ever before.  The National Association of Realtors reports that ”the number of first-time home buyers rose to 47 percent of all home sales from 41 percent of transactions in last year’s study, and was the highest on record dating back to 1981. The previous high was 44 percent in 1991.”

For those of you that own a home hopefully this $8,000 tax credit will help keep home prices stable and help keep home sales moving.   For those of you that are looking to buy a home and take advantage of low prices & low interest rates remember the first time home buyer tax credit expires the end of April 2010.  Also, remember it doesn’t matter if you buy a home in Murray, buy a home in West Jordan, or buy a home in Salt Lake, you are eligible for this tax credit.  To check out more info about this article I have attached a link.    http://www.realtor.org/press_room/news_releases/2009/11/survey_record

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HOME SALES & CONDO SALES IN MURRAY

Tuesday, October 13th, 2009

According to the Salt Lake Board of Realtors both home sales in Murray and condo sales in Murray with the zip code 84107 went up in quarter 2 of 2009 as compared to quarter 2 of 2008.   Home sales went up 7.69% in quarter 2 in 2009 while condos increased an impressive 17.87%.  While home sales in Murray may have increased, other areas decreased.  If you have any questions about home sales in a certain areas feel free to contact me.

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HOME SALES UP IN JULY 2009

Thursday, October 1st, 2009

Many people ask me how home sales are doing and for the most part home sales are up!!!  The Salt Lake Board of Realtors reported that home and condominium sales in Salt Lake County during the month of July increased 4 % compared to home sales in July 2008.  The Salt Lake Board of Realtors also reported that 1,094 homes and condominiums were sold in July 2009 as compared to 1,050 as compared to July 2008.

In another report the Salt Lake Board of Realtors reported that June home sales were up 5% and that May homes sales climb 15% over April

 

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Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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