Reported by Tom Winand, Real Estate Broker Spotted Home LLC, E-Home Marketing Specialist
Updated December 1, 2009.
Current Market Rating: 1
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Current Price Trend: 1
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Looking at the reality of Statistics of Price Per Square Foot we are seeing a consistent drop of 1.5% a month in some areas of the county. To see the whole picture visit http://www.realtyasis.com/salt-lake-homes/ You can see if your a seller you'll need to come up with a plan that alow your home to be seen by the buyers in the market. Go to my Blog post on Pricing your home to sell in our market http://www.realtyasis.com/creating-the-market-price-study-for-homes-for-sale-in-salt-lake/.
Location Characteristics: The data I'm using is from the WFRMLS the MLS in Salt Lake County read as follows. In Harriman the highest price per median PSQFT was September 2007 at $116 PSQFT. If you spent $450,000 got you a 3,879 SQFT home, in June May 2009 that same median or middle home price per square foot was $77.45 or 33.2% less PSQFT. If you take that 3,879 home bought for $450,000 in September of 2007 is now selling for $77.45 PSQFT or $300,428. Or today you spend $450,000 you get a $5,810 SQFT home. That is a different class of home. Ouch if you bought a $450,000 home in September of 2007 you lost $149,572. Remember this is the median not the lowest sold prices; those are Short sale or Bank Ownerd home dipping into the 50% lower range.
About Tom Winand:
At Realty As Is our mission is to bring forth an evolution in the Real Estate Industry by providing exceptional knowledge, options, and value to our customers. I am a real estate broker that is providing the best programs to buyers and home sellers. We provide the best MLS search, discount or no fee mortgages and home buyers rebates. Sellers receive low flat fee listings or no fee buy form me sell free listing. We create a strategic marketing plan providing massive internet exposure; we are transforming the home buying process. Our revolutionary buyer and selling programs, our breakthrough home marketing plan will transform the industry! We also have raised the bar in marketing and selling effectiveness. We are the most technology friendly real estate company and we realize that there are specific tools that make a difference in your home selling, especially in today’s market. We couple our strategic marketing plan with massive internet exposure. We know this is the best way to sell a home in today’s technology driven housing market. We believe our philosophy combined with services is simply the best package at the best price for home seller and buyers.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
