Utah Real Estate Market – Home Sales and Trends | 2007 House Sales in Utah Counties | Home Sales Comparison
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    Home > > Utah Real Estate News & Trends > > June_2007_Real Estate Trends

Utah Real Estate Market Sales for the Past 180 Days

June 21, 2007

Over 18,000 residential listings sold over the past six months in Utah. The chart displayed below shows residential real estate sales for the past 180 days throughout Utah. Included is the price range of residential property and how many properties sold in that price range.

The median price for residential property in Utah is $212,000. Generally the higher the price, the longer it takes to sell the property. Homes listed over $5 million average 167 days on the market to sell. Property in the price range $100,000 to $299,999 is currently selling the fastest, averaging only 39.8 days. Currently the market is shifting to the “supply” side particularly for properties priced above $300,000. Attractive residences priced between $100,000 and $150,000 commonly receive multiple offers the first few days on the market.

 

Utah Sold Listings Past 180 Days (June 21, 2007)

List Price Range

# Listings 

 Avg Days on Mkt

$0

 - 

$9,999

7

120

$10,000

 - 

$19,999

31

82

$20,000

 - 

$29,999

31

79

$30,000

 - 

$39,999

32

94

$40,000

 - 

$49,999

53

81

$50,000

 - 

$59,999

68

77

$60,000

 - 

$69,999

140

56

$70,000

 - 

$79,999

179

47

$80,000

 - 

$89,999

224

58

$90,000

 - 

$99,999

236

54

$100,000

 - 

$119,999

745

39

$120,000

 - 

$139,999

1,366

38

$140,000

 - 

$159,999

1,522

36

$160,000

 - 

$179,999

1,801

37

$180,000

 - 

$199,999

1,732

37

$200,000

 - 

$249,999

3,509

43

$250,000

 - 

$299,999

2,259

49

$300,000

 - 

$349,999

1,362

56

$350,000

 - 

$399,999

815

62

$400,000

 - 

$449,999

552

59

$450,000

 - 

$499,999

367

63

$500,000

 - 

$599,999

428

62

$600,000

 - 

$699,999

251

73

$700,000

 - 

$799,999

150

71

$800,000

 - 

$899,999

77

71

$900,000

 - 

$999,999

53

95

$1,000,000

 - 

$1,249,999

57

90

$1,250,000

 - 

$1,499,999

33

96

$1,500,000

 - 

$1,749,999

22

69

$1,750,000

 - 

$1,999,999

13

100

$2,000,000

 - 

$2,499,999

19

94

$2,500,000

 - 

$2,999,999

10

69

$3,000,000

 - 

$3,999,999

2

26

$4,000,000

 - 

$4,999,999

1

76

$5,000,000

 - 

and over

4

167

Total Listings: 18151

Median Price

Average Price

Low Price

High Price

Avg Market Time

212,000

255,912

4,750

8,455,000

47

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

 

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County Comparison of the 2007 Real Estate Market (January - May 29, 2007)

June 1, 2007

How are some of the top counties in Utah doing in real estate sales so far this year? The chart below displays the real estate statistics for selected counties in Utah beginning with the start of this calendar year until May 29. Some noteworthy findings include the following:

Œ  Salt Lake has the lowest average number of days property remains on market before selling at 37 days while its Southeast neighbor, Wasatch County, has the highest at 100 days.

  Summit boasts the highest average sold price for single family homes at $948,668 and also has the largest, reduced average sold price to listed price by over $23,600. Weber County has the lowest average sold prices in the study at $177,351.

Ž  The average sold price per square foot for Salt Lake County is $122, Summit County more than doubles the number at $249. Davis County has a very comfortable price per square foot at $98, while it northern neighbor, Weber has the lowest in the study at $84.

 

Real Estate Market Trends for Selected Utah Counties (Jan 1 - May 29, 2007)
               
               
  Davis Salt Lake Summit Utah Wasatch Washington Weber Tooele
Ave Sold Price Single Family Home $249,530 $285,949 $948,668 $278,750 $401,241 $307,558 $177,351 $207,698
   Ave (2 BR or less) $153,996 $199,115 $503,317 $180,554 $324,609 $233,980 $102,846 $134,302
   Ave  (3 BR) $217,045 $246,081 $425,588 $232,425 $284,698 $276,955 $166,443 $203,325
   Ave (4 or more BR) $280,252 $322,571 $1,263,992 $320,433 $528,627 $481,447 $209,268 $224,841
Ave Sold Price Condo $160,795 $193,542 $474,171 $172,654 $283,745 $206,560 $126,128 $136,236
Number of Single Family Homes Sold 1,590 5,031 158 1,988 108 95 1,532 416
Number of Condos Sold 126 1,121 184 524 36 30 193 26
Number of New Listings on Market 3,714 13,447 822 6,537 436 539 3,396 841
Ave Percentage of New Listings Sold 46% 46% 42% 38% 33% 23% 51% 53%
Ave Diff. b/w Listing and Sold Price ($2,889) ($3,318) ($23,603) ($2,609) ($6,323) ($11,254) ($1,989) ($877)
Ave Square Feet of Homes Sold $2,488 $2,200 $2,323 $2,361 $2,340 $1,828 $2,033 $2,303
Ave Sold Price Per Square Foot $98 $122 $294 $109 $157 $156 $84 $88
Ave Days on Market 45 37 86 49 100 84 54 46
               
               
               
Source:  WFRMLS (This information is deemed to be reliable, however WFRMLS & RealestatehomesUtah.com does not guarantee accuracy.)
Data for Tooele County taken between Jan 1 and May 31, 2007.        

 

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More Utah Real Estate Market Trend Reports

 

 

 


 


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Utah Real Estate Market – Home Sales and Trends | 2007 House Sales in Utah Counties | Home Sales Comparison


Average Utah home prices, days on market, condos sold, homes sold, average square feet, new listing sold, single family homes sold, 4 bedroom homes sold, 3 bedroom homes sold and more market analysis. Utah real estate news and trends provided by Equity Realty website. Real estate news for Salt lake City, Provo, Park City and Salt Lake County & Utah County. Featuring Salt Lake City current events, downtown Salt Lake City condominium news, new construction news, real estate zoning news, real estate articles, Utah web e-zine articles, condo news, master planned communities, retirement community news, information, resources, real estate services, residential property news, townhouse construction news, Utah land and property trends, Utah real estate trends.

Key topics this month: Salt Lake County home sales, Summit County home sales, Wasatch County homes sales, Davis County, Utah County, Washington County, Weber County, Tooele County, Utah, UT, average Utah home prices, Salt Lake residential listings, property sales, 2007 Utah home market, counties in Utah, days on market, condos sold, homes sold, average square feet, new listing sold, single family homes sold, 4 bedroom homes sold, 3 bedroom homes sold, real estate market analysis

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