- Hi !
-
•
My Trulia
- Create an account (FREE!)
- • Help
- • Log out
- • Log in
Trulia Voices—Salt Lake City
Ask a question
Browse
- Trulia Voices Home
- Q&A
- Agent2Agent
- Using Trulia
Search
Email me when:
How's the market condition for $599-$600K homes in the UofU area?
Assuming the house is priced correctly, the condition is good to optimal, how many days will it take to sell?
Sat Apr 19 2008, 18:59 - Salt Lake City - Market Conditions - 5 answers
|
|
||||||||
| Answers (5) | ||
| Show me: Recent Answers Oldest Answers Highest Rated |
|
|
| Marvin Jensen… was FIRST TO ANSWER | ||
|
BEST ANSWER
Thank you all for your answers. To James, your suggestions were right on track with what was done.
To further complicate the question - the theoretical home is not by the U but inside Emigration Canyon. Now, that's a different game. A) How do you bring prospective buyers into the Canyon when "most likely SLC buyers" only shop Avenues, Sugarhouse, Cottonwood, Olympus Cove and "most likely Park City buyers" only shop Park City? B) How do you combat the general mentality that housing market is in the hole and therefore no one should be buying a house now? C) At what price range are the inventory moving from what you are seeing for this Spring? D) How is the Spring market, not to mention the snow we just had today? Thu May 1 2008, 22:35
|
|
||||||
|
BEST ANSWER
The home will take some time to sell with thier being a limited number of buyers in that price range. However, most homes around in that area have been selling in 45 to 60 days. I Recommend pricing your home aggressively with the market, (which may be the 599). Go out and have a realtor show you the active competing listings in the area for that price and have them do the free Market Analysis. Seeing the Active listing will help you as a seller determine how much time it will take to sell and what price it will really sell at.
Mon Apr 28 2008, 23:21 Web Reference: http://jamesgraham.blueroof360.com
|
|
||||||
|
BEST ANSWER
The average market time for homes near the U in the $400-800 range is 62 days for the year 2008.
Sun Apr 27 2008, 14:39 Web Reference: http://www.3PoundsOfRealEstate.com
|
|
||||||
|
BEST ANSWER
Marvin sent good information! Just to back that up, it has also been my experience that the market is slow moving the higher end homes, which makes it great for buyers. The new FHA limits are a great help to sellers and buyers. Good luck in your move!
Wed Apr 23 2008, 09:44
|
|
||||||
|
BEST ANSWER
FIRST ANSWER
This price range has been slow to move. The good news is, new mortgage loan limits on conforming loans has increased from $417,000.00 up to $739,000, which means that higher loan amounts (jumbo loans) will have lower interest rates. With this, we should start to see improvement in this segment of the market. I think you would still be looking at about 90-120 days.
Sat Apr 19 2008, 20:45 Web Reference: http://www.marvinjensen.com
|
|
||||||
Check out more Market Conditions questions in Salt Lake City...
Company Info
Partners
Trulia Links
Legal
- Terms of Use
- - General
- - Advertiser
- - Trulia Pro
- Privacy Policy
- Community Guidelines
- Contact Us
Residential Real Estate
San Francisco real estate | New York real estate | Los Angeles real estate | Orlando real estate | Miami real estate | Philadelphia real estate | Phoenix real estate | San Diego real estate | San Jose real estate | Chicago real estate | Arizona real estate | California real estate | Florida real estate | Illinois real estate | Massachusetts real estate | New Jersey real estate | Pennsylvania real estate | Texas real estate | Other local real estate | Home price maps
Copyright © 2008 Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity logo Fair Housing and Equal Opportunity