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Utah Real Estate Trends - Wasatch County Homes For Sale Statistics for First Half of 2010

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Wasatch County Home Trends in Utah

 

 

July 6, 2010

Utah Homes For Sale

Wasatch County homes are selling for 4% less in price so far this year than at the same time last year. Lower prices have attracted only a few more buyers to the Wasatch real estate market for a total of 96 sold single family homes, raising the number of homes sold by 23 compared with the first six months of 2009.  The average sold price for a Wasatch County home was $330,665, which is $89,000 higher than the state average. The current number of homes for sale listed on the market constitute a two year inventory. Wasatch County homes that sold during the first half of the year averaged $108.53 per square foot. It is taking over three months to sell a home that is priced with the market.

Wasatch County condominiums are selling for $150,000  less on average than last year. These low condo prices, averaging only $90,427, offer buyers a significant savings compared with single family homes. Condo prices are lower than the state average by $111,500.  Condos are taking an average of 23 more days to sell than single family homes.

Conclusion:  Low interest rates and high inventory combine to offer buyers who shop around some great bargains.

Wasatch County Homes For Sale Statistics for First Half of 2010

2010 Mid Year Real Estate Sales Wasatch County Utah Average Difference
Single Family Home Sold Price $330,655 $241,346 $89,309
Condo Sold Price $90,427 $202,179 ($111,752)
Active Properties Listed (6 Months) 490 21,872 (21,382)
Single Family Homes Sold 96 10,930 (10,834)
Condos Sold 11 1,056 (1,045)
Current Inventory (months)                   25.03               10.57           14.46
Square Feet of Homes Sold 2908 2488 420
Sold Price Per Square Foot $108.53 $96.90 $11.63
Days on Market (Single Family Home) 102 73 29
Days on Market (Condo) 125 92 33

 

 

More details for Utah Real Estate sales for first half of 2010.

Links to 2010 homes for sale by county: Salt Lake County, Utah County, Davis County, Summit County, Tooele County, Wasatch County, and Weber County.

 

 

Notes:
Average Days on Market = # days between listing date & contract date.
Current Inventory = # months to sell current active listings on the market.

Source: WFRMLS (This information is deemed to be reliable, however WFRMLS & RealestatehomesUtah.com do not guarantee accuracy.)

Report Date: July 6, 2010

 

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 Barry J. Preusz
REALTOR | Residential Specialist

Equity Real Estate - Burgundy Canyons Group
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Wasatch County Home For Sale Trends in Utah for the First Half of 2010 - Utah Real Estate Sales Statistics for 2010

Wasatch County areas include Charleston, Heber City, Midway, Wallsburg, Timber Lakes, Jordanelle, Center Creek, Daniels, Hailstone, and Keetley.

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