02 February 2008

Tooele County,Real Estate Report: Homes Sold In January, 08

The Tooele County, Real Estate Report of Homes sold in January of this year is hot off the press.

It's real dull reading, but it's about what we expected. Not much good news for someone that needs to sell a house, or a Real Estate Agent trying to make a living, or help a struggling client. Plenty of opportunities for some one with cash, or good credit  to take advantage of a down market and ad to their Real Estate Portfolio. It's an absolutely WONDERFUL time to get a home for your family, that you probably thought you would never afford. 

The report has been furnished by the Wasatch Front Regional Multiple Listing Service (MLS). Various comments are either mine or from my company. The report is for all of Tooele County, but as a practical matter only one house reported was from an area other than Tooele City, Stansbury Park, Grantsville,Ut. or Erda, Utah.

Homes closed in January, 08          27 houses were closed in Jan. 08, compared to 75 over the same time period last year.

Average Price                                 Homes sold for an average of $199,541, thats $5296 dollars more than in 07,however the average size of homes sold last year (07) was about 5.6% larger. Still the average bedrooms and bathrooms stayed the same at 4/2.

Days on market                              As you know, I think this statistic is meaningless. I don't mean unimportant, it's very important. What I mean is that the system used to track DOM is flawed. Suffice it to say that an increase of 35% average days on the market is reported. I suspect it is greater than that.

The MLS doesn't usually report New Home sales, or FSBOs, (for sale by owners) so you can assume more activity, but I don't think by much.

Be sure and check back tomorrow for the previous weeks homes sales activity, about new home listings and short sales.

In the meantime if you need up to the minute Real Estate information, visit our web site @ Tooele HomesTo reach us personally call 435- 840-5029.

Thanks for taking the time to read the Tooele County January Real Estate/ home sale report for 08. Good Luck


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