Cash buyers, looking for good deals, are backing out of the market and making it easier for owner-occupier buyers. Fewer foreclosures, short sales and rising home prices have reduced the amount of bargains in the real estate market. Home values in the Utah valley have gone up 30% in 2014 and the median home price is now just over $200,000. That’s great news for homeowners! The housing market is stabilizing and making room for traditional buyers more in the market for move-in ready homes. If you would like to see what your house can sell for or you are toying with the idea of getting into the housing market, give me call at 702-417-8622!
Here are How Many Homes that are Currently on the Utah Market as of Today:
Single-Family Residences: 7,233 (REOs 298; Short Sales 866)
Townhomes: 623 (REOs 31 Short Sales 91)
Condos: 1236 (REOs 5352 Short Sales 127)
Posted on March 10, 2015 by Heather Mongie