Top 10 Highest Median Single-Family Home Prices along the Greater Wasatch Front
Salt Lake County home prices climbed to an all-time high in the third quarter, according to the Salt Lake Board of Realtors®. The median single-family home price in the July-through-September period reached $381,500. That’s up 7.5 percent compared to a median price of $355,000 in last year’s third quarter. Just three years ago, the median single-family home price reached $300,000, which was then an all-time high price. The previous peak home price was in the third quarter of 2007, when home prices topped $256,000 (or $298,085 in inflation-adjusted dollars). Home prices increased across all Wasatch Front counties including: Davis, up 6.2 percent; Tooele, up 2.6 percent; Utah, up 4.4 percent; and Weber, up 10.3 percent. Sales of single-family homes in Salt Lake County were flat (up 0.7 percent) in the third quarter year-over-year. Davis County saw sales increase 9.8 percent. Sales in Tooele County were up 4.7 percent. Utah County sales were up 11.8 percent. Sales in Weber County were up 12.1 percent. In the third quarter, the typical Salt Lake home was on the market 37 days before it sold – six days longer than the average time for a home to sell during the third quarter of 2018
Value Adjustments according to Ai
Appraisal adjustments vary according to build quality and area While specific dollar values for adjustments in residential home appraisals can vary based on numerous factors, including the specific neighborhood and current market conditions, here are some typical...
7 Things I Wish I’d Known as a First-Time Homebuyer
Robert and Kacie share insights on personal finance and home buying. Robert emphasizes the importance of a good real estate agent and home inspections. Kacie advises looking beyond bad online listings for potential hidden gems. Both stress the financial challenges and...
10 Tips for Finding Cheap Housing
Looking in less popular neighborhoods or cities and being willing to relocate can reduce housing costs. Strategies include low-income housing programs, finding roommates, negotiating rent, and making compromises. Making a detailed budget plan is crucial to determine...
Selling Your Home in 2025? Expect More Competition
More homeowners will list their properties as mortgage rates stabilize, improving inventory but increasing competition.Buyers may gain leverage, leading sellers to offer price cuts or concessions in competitive markets.
New Tariffs Could Raise Construction Costs by 60%!
U.S. construction faces rising costs as new tariffs could increase material prices by up to 60%. Construction inputs for multifamily projects have already surged 35% in 5 years, squeezing project feasibility.
Follow These 5 Steps to Own a Home in 2025!
Before buying a house in 2025, ensure you are debt-free and have 3–6 months of expenses saved. Limit your home budget to 25% of your take-home pay, covering mortgage, taxes, insurance, and HOA fees.
Renting costs a lot less than buying a home, especially in the West
Salt Lake City ranks fifth in the U.S. for the rent-buy cost gap, with renting at $1,680 monthly and buying at $3,197, making buying 90.4% more expensive. Nationwide, renting is cheaper as mortgage payments rise while rents decline or stabilize. The largest gaps are...
Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they...
What 2025 Housing Trends Keep Foreclosure Rates Low?
2025 home prices will rise slowly, with an average price of $510,300 and median at $419,200. In 2025, home prices will stabilize; expect to pay close to asking price, especially in tight markets.
Tax Cuts for All Utahns at Every Stage of Life
Utah's Legislature is set to provide $127 million in tax relief, aimed at supporting retirees, young families, and individuals. Key measures include reducing the income tax rate to 4.5%, eliminating social security tax for those earning up to $90,000, and...