Real Estate Stansbury Park Homes For Sale Report
This Real Estate report for Stansbury Park Homes for Sale is as of May 1st, and includes home sales activity for the month of April 2008.
Real Estate in Stansbury Park ,is as varied as there are home-buyers needs. The homes for sale in Stansbury offer a wide range of housing product for todays home buyer. New homes, by some of the nations most succesful home builders, Golf coarse home sites, lakeside properties, condominiums and town homes provide home choices for all types of buyers. Whether you are a first time home buyer, looking to move up, a senior looking to downsize or improve security, A Real Estate Investor, flipping or rehabing houses, or a family transferring, needing to re- locate, there is an area of Stansbury Park that will be suited to your new lifestyle.
This report (5/01/08) and its companion reports of the individual towns that make up the Tooele Valley, will cover current available homes for sale, houses/condominiums sold in the last 30 days, and contracts written on homes last month as well as homes and condominiums that were for sale but for whatever reason have been taken off the market in the last 30 days. We will also offer comment on some of these stats if we feel it will ad to the value of the information. All of the statistics are supplied by the Wasatch Front MLS, Any commentary belongs to Group 1 or its Realtors.
We will pay particular attention to the recent phenomenon characterised as distressed properties, and listed as Foreclosures, Bank Owned (REO), HUD Homes, or Short Sales.
New homes (new construction) or homes for sale by owner (FSBOs) probably wont show up in this report, as few of these houses are listed across the MLS.
Stansbury Park Utah, Homes For Sale:
There are 119 single family homes for sale on the Salt Lake MLS. Only one is a Condominium. ( doesn't include Ivory Town Home project @ Benson Mill) In the last thirty days 43 houses / condos were added to this inventory.
Bank Foreclosures/Short Sales:
A small percentage of homes for sale (6%) are HUD homes, bank owned, short sales, or houses that require third party approval before a sale can be made. Of the 9 distressed houses, the majority are located in the new subdivisions and are a result of overbuilding for the area. Seven of the nine bank owned or short sales are less than 4 years old .
Homes Sold Last 30 Days:
In the last 30 days 6 homes or condos were sold in Stansbury Park Only 1 of these was bank owned or short sales. Unlike many areas in Utah, Bank Owned Homes & short sales have a very small impact on the Stansbury Real Estate market.
Under Contract Last 30 Days:
During April 13 single family homes/condos were put under contract. Assuming that 90% of these houses close, there will be 12 less homes for sale in Stansbury Park. There were no contracts written for bank owned or short sales.
Average Days On Market:
I am reporting these numbers without conviction as most of you know how I feel about the way the days on market stats were gathered. The MLS has made changes and from now on I expect this part of our report to be meaningful. In the meantime it is reported that Homes in Stansbury Park have been on the market an average of 51days before they are sold. Over the last 30 days, Realtors and home owners removed 15 homes listed . The reasons were varied but included not being sold after more than 120 days.
Conclusions:
Overall, the resale home Real Estate market in Stansbury Park is in pretty good shape. The degree to which you think this is true depends on whether you are buying a home or needing to sell. Home buyers, if they show patience, have decent credit and a modest down payment can find tremendous home buys. Sellers however need to price their home realistically and not try to be a better marketer than the next door neighbor was, (18 months ago). If money was borrowed using the house as collateral, maybe the profit has already been spent, and selling for whats owed is a good deal. Outstanding investment opportunities can be had, but more of a long term nature than for short term flippers. New homes for sale by large Utah and national builders are giving re- sales some real competition. Each area is different and I would invite you to visit our blog over the next few days to see whats happening in Tooele City, Grantsville, Erda or Stockton See what they have to offer.
To see the over 7000 homes for for sale listed across the Tooele Valley, and to compare prices between homes for sale in Tooele Valley versus Salt Lake Valley, (this includes condos and P.U.Ds.) check out our website at Tooele Homes You'll get pictures of houses for sale, the location of all of the homes, and the price of homes for sale in your area of interest.
To talk to someone about your Real Estate needs, or ask a Real Estate related question call 801-567-0946.
Our website, Tooele Real Estate is a wonderful source of information and provides tips on buying and selling a house, relocating to Stansbury Park Ut, or Tooele County for that matter or investing in Real Estate. Check in, check it out, enjoy.
Remember to check the Stansbury Park Ut, Real Estate and homes for sale report every month.