West Valley, UT Real Estate News

By Corey Lee Miner
(Keller Williams Salt Lake City)
more photos and info here Clean and attractive split entry duplex! Close to bus routes, shopping, and new Mountain View Corridor. Easy access to 201 freeway. Highly desirable rental area. Large backyard. DO NOT DISTURB TENANTS. Make offer subject to inspection. Listing courtesy of Keller Williams Salt Lake City
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By Corey Lee Miner
(Keller Williams Salt Lake City)
more photos and info here Over 1800 sq ft of well maintained home in a great location. Close to schools and shopping and only 6 minutes from freeway access. Spacious backyard off of the kitchen perfect for those late summer barbeques. New carpet and fresh paint. Good sized bedrooms with plenty of storage throughout. Over-sized attached 2-car garage and outside storage shed. Newer water heater and central-air. All at a short-sale price without the hassle of one. Call today for a private showing. This home won't last long. Listing courtesy of Keller Williams Salt Lake City
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien...
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By Alan Barker
(Boomerang Leads)
Real Estate in West Valley had the second largest decrease in number of homes sold.  61 less homes were sold, decreasing 24.8%.  Median sold price decreased from $195,000 to $177,000 and average sold price decrased about $20,500 to $180,100.  Median priced active houses in West Valley City are around $190,000 and average homes are around $201,000. 
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien...
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Short Sale home in West Valley City, Utah.   LISTED for $179,900      NOW $174,900 View the homes website  http://3427.utahmark.com  for more information and a visual tour.                All information deemed accurate however is not guaranteed. Buyer/buyers agent to verify all listing information. Square footage is from appraisal, buyer/buyers agent to verify.   from all sources of information.  Photo not an exact representation.  They are of a similar home in next building with the same floor plan.    
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We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION                   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indictors) to confirm a market bottom.  This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperienced buyer.  Also it is good to n...
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We still are having a low percent of new listings being SOLD.  Currently (21.67)% on a year over year, YTD comparison and we need positive % of listings sold, with positive price action to confirm market bottom. Please see data below.                                                                                  PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market) and lower new listings.             SUMMARY  Currently we are not seeing the needed positive price action to confirm a market bottom.  This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing. For more details or just to chat about market conditions please feel free to contact me. Thank you       ...
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The low cost of housing in West Valley helped it to be one of the better selling areas of Utah during the first half of 2008. Still the market is pretty slow, and there are more active MLS listings (579) than the total listings sold from January to June (476). From Q2's sales numbers there is 6.5 months of inventory currently on the market, if there were no new listings. The median price of the homes that have sold this year is $185,000. The average sold price was only slightly higher at $186,188.  The average  West Valley home for sale is currently priced about $30,000 more than the price these homes are actually selling for.
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By Julie Neerings~Lifting Hearts ♥ Building Dreams~
(Agent Referral)
       Utah First Time Home Buyers: Now is a great time to "Jump Aboard" and purchase a home in such a strong buyers market in the State of Utah. In addition to low interest rates, West Valley City  is offering a Down Payment Assistance Program which will allow you $5,000 to use towards your down payment on a home, not to exceed $180,000.  It is very important to follow the guidelines (displayed below) provided by the City of West Valley, in order to qualify. West Valley City has this wonderful program to share with YOU and it would be my pleasure to help you through the entire process. My experience in helping past clients with the grant program has been very successful and this will be the beginning of where your dream will take you “home”.   Please follow these easy steps in order t...
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By Julie Neerings~Lifting Hearts ♥ Building Dreams~
(Agent Referral)
************UPDATE: These are the 2007 Down Payment requirements. Please refer to my blog UPDATE! for 2008 requirements for West Valley City Down Payment Assistance************ Do you dream of owning your own home?  Tired of renting?  Need more space?  Low on cash for a down payment or closing?  If you answered YES to any of these questions, there are possibilities of fulfilling that dream.  West Valley City in particular is at this time offering $5000.00 grant money to put towards the down payment or closing costs.  The process is simple with a Realtor who cares about you and helping you to fulfill your dream of owning your home.  The following is the disclosure obtained from West Valley City 05/2007.  Grant money is limited, so you do need to move quickly.  Call me and I will help you...
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