The-Bryant-Group's Blog: Salt Lake City Real Estate

Cottonwood Meadows is a new development in Cottonwood Heights/Sandy, Utah.  In August 2006, the Meadows Mobile Home Park was bought and is now being developed into a new 19.7-acre luxury-home community.

This new luxury-home development will contain 29 lots, ranging from 0.50 acres to a little over 1 acre and prices will start around $690,000.  The final plat has not been recorded so lot size and prices are subject to change.  The final plat is anticipated to be recorded on March 31, 2007 with contracts being able to be written as soon as the plat is recorded.  Buyers who close on a lot within 10 days after the recording of final plat will receive a 5% discount on the lot.  Also, deposits are being taken now, which will allow you to put your name on the…

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The real estate boom has gone West...and Northwest.

The state with the fastest-growing home prices in the fourth quarter was Utah, at 18%, more than double the U.S. average, a government report showed Thursday.  Wyoming was No. 2 at 14.3% and Idaho was third at 14%.  Washington gained 13.7% and Oregon was fifth at 13.5%.

California came in at No. 35, with a gain of 4.6%, compared with 21% a year later.

Nationally, the real estate market stagnated, with a gain of 5.87% from a year earlier, the slowest pace since 1999, the Washington-based Office of Federal Housing Enterprise Oversight said.  The report doesn't give an average price, only the percentage change.  The West and Northwest benefited from strong job markets, more affordable housing, population…

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Utah's economy in 2007 is poised to record, for the third consecutive year, very impressive growth.  The national economic environment should remain generally supportive of the state's economic expansion.  A softening national housing market should persist throughout the year and is expected to reduce Real GDP by 1 percentage point--to a still-respectable 2.75-percent range.  Core inflation near 2.5 percent is declining and crude-oil prices are approaching $50/barrel, which will help offset a 25 percent drop in national housing starts.  Through it all, short-term interest rates should remain unchanged, with bond and mortgage rates fluctuating near current levels.

Utah's 2007 expected job growth at 4.5 percent, or 54,500 new jobs, is just slightly below a…

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Below you will find Salt Lake City real estate statistics for single-family homes that have sold in the past 12 months. All data was gathered from the Wasatch Front Regional Multiple Listings Service (WFRMLS).

Month Number of
Homes Sold Average Days
on Market Average
Sales Price Median
Sales Price February 2006 387 39 $229,740 $184,500 … Read Full Post