Salt Lake City Real Estate Tips, Market Updates and

Local Happenings

By Real Estate Expert KathyOHomes

The Salt Lake City, Utah real estate market is not what is was just two years ago but the sky is not falling.  Those that have bought in the last three years should just sit on their investment if they can. 

If you are a first time home buyer this is a terrific time to start shopping for your first home.  There is good inventory, prices have come to an affordable level, there are a number of foreclosures and short sales available AND there is the $8,000 tax credit that can be claimed this year!

If you are thinking of moving up this also is great timing.  Granted, you will not recieved the amount that you hoped for in your current home but you will get much more home for your money.  The ratio is relatively the same so the amount that you don't gain or in fact lose will be more than ofset by what you gain in your purchase.

There is no doubt that the National economy is at it's rockiest point since the Great Depression.  Utah on the other hand is still growing.  We never had the great appreciation rates seen in many markets across the country nor have we taken the hit in home prices that other markets have.  We may not have hit bottom yet but many iindicators show that Utah probably has come close to it.

This chart shows home sales from Q1 2004 to Q1 2009.  As you can see the median home price did increase from Q1 of 2006 to Q2 of 2007.  The downward slide has not been nearly as dramatic.  Homes sales have slowed dramatically but as you will see once June's sales are in that things are bouncing back.

There is a lot of free information available to you about buying, selling or investing in Greater Salt Lake City/Park City real estate. For complete information about the Greater Salt Lake City/Park City real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Greater Salt Lake City/Park City real estate at www.KathyOHomes.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

For your FREE list of Salt Lake City  3 - 5 bedroom foreclosed homes for under $170,000 just fill out the form below:

*First Name *Last Name *E-mail Phone Price Range -- Select Price Range --$0.00 to $40,000$40,000 to $59,999$60,000 to $79,999$80,000 to $99,999$100,000 to $129,999$130,000 to $169,999$170,000 to $199,999$200,000 to $299,999$300,000 to $399,999$400,000 to $599,999$600,000 to $799,999$800,000 to $999,999$1,000,000+ Enter the code:        Please wait...