Realtors in the Salt Lake City area report that homes are starting to sell more quickly now that low interest rates are continuing.

"Salt Lake City is the capitol of the state of Utah and is the largest populated city in the state," say Realtors Margene and Ron Wrigley. "It is located in Salt Lake County that includes 27 individual cities. Salt Lake International Airport brings visitors to our world renowned ski resorts, and wealth of outdoor enjoyment in the canyons and parks."

The Wrigleys continue, "Our market conditions, year to date as of 10-15-2004, show most homes are on the market between 60 and 90 days."

They report: Single family homes with:

2 Bedrooms or less; sold 929 units with an average price of $128,844 and a dollar volume of $119,733,582.

3 Bedrooms; 3,597 units with an average price of $164,481 and dollar volume of $591,640,967.

4 bedrooms or more; 5,536 units sold with an average price of $228,321 and a dollar volume of $1,263,986,098.

Total; total units sold 10,062, average price $196,318 and dollar volume of $1,975,360,647
condo sales had 1,793 total units sold, average price of $138,642 and a dollar volume of $248,585,799.

"Please note that planned unit developments, (PUDs) are part of the single family home category," advise the Wrigleys.

"This area includes Includes city-center east and west to South Salt Lake," says Realtor Steve Martens, "The Avenues area average sales price is $322,246. Days on market has improved to 60 days. Interest rates and value of homes are both going upward and expected to continue upward for 2004 after a strong first and second quarter. It is time to act. The Sugarhouse and East Bench markets are strong for homes under $300,000 and almost a seller's market for homes under $150,000."

Say Realtors Al and Patricia Fenimore, "This market area includes Salt Lake City, North & South Salt Lake, Murray Holladay, Cottonwood, Millcreek Areas. The Average three bedroom home sells for just over $194,290.00 and four Bedrooms for $223,022.00. The average days on the market indicates 30 days with 382 homes sold in the last 90 days and 904 new listings. This indicates That 50 percent of the homes will be sold in 90 days."

Published: October 19, 2004

Use of this article without permission is a violation of federal copyright laws.

Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68. Order Now Review - Honors In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.       Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans. Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR "The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors Coverage from WSMV, Nashville - 8-14-2007 That Interview Guy - Get Inside The Head Of Today's Generation 2007 AE Institute Session - To purchase 2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9 HouseValues Mastermind call - Parts 1 2 Blanche's fireside chat with Jeremy Conaway, HAR - Click here. For more articles by Blanche, click here.