Park City Real Estate News

In Spite of Low Inventory, Wasatch Front Home Sales are Up

By Berkshire Hathaway HomeServices Utah Properties - Wasatch Front
Mar 04, 2016

While inventory along the Wasatch Front is down... way down, sales are up across all Wasatch Front counties.

Taking a look at Salt Lake County in January of this year, inventory is at 2430 homes across the county. That is down 30.20% from January 2015, yet sales are up 12.89% in the same comparison. In Weber County inventory is down 31.82% in January but sales are up 10.19% and pending sales are up 16.35%. Utah County had similar results in the same period comparison; 12.63% increased sales with 26.44% less inventory. What is amazing is Davis County has a 12.50% increase in sales over January 2015 in the face of a 41.38% drop in inventory!

Berkshire Hathaway HomeServices Utah Properties is doing well along the Wasatch Front. In 2016 to date, Salt Lake Countty has 12.03% Market Share. Century 21 Everest Realty Group is in distant 2nd place with 9.99% Market Share. BHHS agents are listing homes at a higher average price than anyone in our market and closing sales at 98.01% of asking price.

So far, 2016 is shaping up to be a great year for real estate. Median home prices are up across the Wasatch Front and are likely to continue up into the spring. The shortage of home listings is a concern and needs to be addressed as we move into the warmer sales months. For those considering selling, now is the perfect time to capitalize on your investment. There are plenty of buyers and interest rates have dropped in 2016 instead of rising as predicted at the end of 2015.

Davis County Fall Events

By Berkshire Hathaway HomeServices Utah Properties
Aug 08, 2014

 

August 9: Bountiful Summerfest

August 13-16: Davis County Fair

August 11-September 6: Peter Pan at the Centerpoint Legacy Theatre

August 8-September 3: Third Annual Davis County Photography Exhibit

Thursdays, August 14-October 9: Bountiful Farmer’s Market

August 16: Davis County 5K

August 16: Junior Ranger Program at Antelope Island

August 23: Bountiful Concert in the Park-Endless Summer

September 6: Tribute to Patsy Cline

September 13: Bountiful City Arts Festival

 

 

August Concerts

By Berkshire Hathaway HomeServices Utah Properties
Jul 29, 2014