| Show - t r - - The Salt Lake TribuneDeseret News Saturday July l 1992 G3 11 IrliSIDIIT'S LIZSSAG" )0 in your rtain ad-yo- u No end to Salt Lake's strong real estate market The Salt Lake Board Quarterstatistics are just out and it looks like there is no end to the strong Salt Lake market To give you a little prospective 1991 at this time was an high for us and this year we are almost 40 percent ahead of last year So does this mean it is a seller's market or a buyer's market? Get ready for this it is both! Why? Let's take a look at the sellers side first )usi all-ti- I g I VW tr 'it 4 - itit The Salt Lake Board of Realtors keeps track of an index called the Sales-to-Listin- i Ratio This is the ratio of those listings that are put on the market for sale to those that actually sell )n is Ds The definition of a sellers market is when that ratio ex ' - - 1 At our low point in 1986 only 191 percent of those listings that went on the market for sale actually sold in that year In other words sellers only had a one in five chance of selling And since the best homes always sell first those that were less than average sometimes took as long as two years to sell i Randy Eagar President of the Salt Lake Board of REALTORS ceeds 50 percent The current ratio now at stands 535 percent While this may not seem all sales-to-listin- that high re - this also includes As a matter of fact the number of properties put on the market for sale this year is actually down from last year What this means is that the agents on the Salt Lake Board are selling homes faster than they are coming on the market! With a continued low number of properties to choose from buyers tend to pay higher prices to get the home that they want But how high are prices going? When compared to last year at this time single family homes are selling about 7 percent higher Again this may not seem like a big jump but it is the highest rate of appreciation in 10 years! And in addition to this if the rate of sales continues to out pace the rate of new homes coming on the market this rate of appreciation should continue to increase 7 er $301000 older brick Good erode Clow buys hone Al 114S South 400 east Older men best buy in lb area 3 bed I both is lanced yard dee linoleum MO clown w40 CHAMP loan Brian 2 Paul 967-60- ULRICH REALTORS 255-799- 9 ::coRtERsioNE ok - E101:' le:x '' vd COt DOMINIUMS - ''4 fl 7'7777 i'(4t1 ' 'ir '''': RI ''' ' ' t CO Expect The Unexpected s' ' '' ' C''' 489'' 0 Exceptional Quality 0 Customized To Fit Your Lifestyle 0 2 & 3 Bedrooms W2 Baths 0 Main Floor Living : 0 i $48300 Hurry! Sale failed! Brand new berber cpt lino freshly painted too! 3 bdnn I 12 bath TV rm shop country kit & room to grow! Owner finance poss wilrg down Cad today 5344896 Norma WARDLEY 13H&G 2664663 ic $74 800 2100 per month hawome low down Multi-levClean sharp vauttad coiling family room off kitchen with fireplace utility room and 12 bath 3 bedroom 3 bath 2 car garage Paul 9674018 ULRICH REALTORS Brian 566-98- : CRAIGCATE GENTRY 10200 S 561-466- & 560-665- 3 REDWOOD 1 461-584- 7 4 254-290- 1 i ROAD (1700 WEST) C4) Better Ii $49500 Beautiful 3 bedroom NM home 1550 Sq ft 2 car garage quiet neighborhood next to BLCC 4482 Heather Glen Court Call Dave McPherson Dave WARDLEY SWIG 1 a 1 4 H291to I $79900 Family living will be uiightful in this sharp It has a super kitchen open family room lg fenced yard 4 plus bed 2 baths This simple assumption won't last at only 279900 Call Kristen today? Kristen CINDY WOOD REALTORS multi-lev- 268420612784199 CALL KATHY: imAY iti11aba 416)1 fill lib) D rl AMbAUAtSMA64dbakA&i p-ur- AWAUiM6OgaNGeilkalimaeVI 967-60- $154800 rustic but extremely beautiful seclusion Brian 2 Paul 967-601- 8 ULRICH REALTORS 237-380- ir ng Paul 566-985- 2 South Jordan horse property 176 acres barn tic walker round course 10x320 outdoor arena plus more Home is secluded with vaults loft TRENT OR 2371-278- 9 Brian 480-898- 2 9 Ptrit ONLY AD 11 COLO 11 $52000 3 bodruvuus i bath super nice Gives you fully fenced nice decor neutral colors close to schools and golf course Great neighbors Copper City ULRICH REALTORS of i4 MODEL FURNISHED BY LABRETT INTERIORS A 255-79- ' s - Unfinished Basement 0 Prices Starting At $121277 MonFri 2 pm to Dusk MODELS OPEN Sat 11 am to Dusk Sun 12 noon to 6 pm Or By Appl axpotation- - §0191000 ''' Full Wordleg 34 acre 8 horses ok Home needs work ConventIonal 1 bath I 3 bedroom financing NO FHA-Vgarage secluded on dead end street 8 Paul Brian 566-985-2 255-799- 9 ULRICH REALTORS : MI Sliv Bemires View This wvst Valley home has a view also 4 bedrooms 2 baths and much more Priced at 667800 New carpets and mauve colors Brian 566-985- 2 pan! 9674018 255-799- 9 ULRICH REALTORS it he the time! 8k LK $67800 us in equation The bottom line is this If you have ever thought about getting into the real estate market — either as a buyer or a seller now is t k iri Tirr )s this plays very favorably the buyer's side of the Q1JtU II will so All of into - ' rel4 le 3ts Prime Rate long term funds could go even lower atommhommarspoomm ' L With the recent Federal Reserves drop in the cost of funds and the resulting drop in the "If" is ad So why is this news good for buyers as well? Because the purchase price of a home is only one of three factors in the cost of the property The other two factors are the buyer's income and the rate of interest paid on the mortgage Salt Lake continues to enjoy a strong economy with increasing family incomes In addition due to the national economy continuing a sluggish fashion interest rates have remained low homes that are put on the market a second time during the year The bottom line is that sellers have never had a better opportunity to sell their home quickly for the most money than right now ly ii7r1 Id 130 8 - 255-799- 1 |
