West Valley City, UT Real Estate News

By Gordon Sloan, Salt Lake Homes For Sale, Salt Lake Real Estate
(Group1 Real Estate, selling houses in Salt Lake City Utah )
This report on West Valley City Homes For Sale In Salt Lake City UT, is provided for our clients as a tool to help evaluate listings of homes and condos listed for sale in W.V. City Utah. The information is based on information  provided by the Wasatch Front Regional Multiple Listing Service, (MLS). None of the statistic mentioned includes Homes For Sale By Owner, (FSBOs) or New Construction Homes offered by builders and sold from model homes and sold primarily through New Home Salespeople. There are some facts you need to know when your looking at West Valley Homes For Sale In Salt Lake  You should know what homes are selling for in an area before you determine the price of a new home. How about trends? Are prices for homes in W. Valley  higher or lower than they were last year? Last m...
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By Gordon Sloan, Salt Lake Homes For Sale, Salt Lake Real Estate
(Group1 Real Estate, selling houses in Salt Lake City Utah )
The West Valley City Homes For Sale Report for Salt Lake on 7/01/09 shows 7551 homes or condos listed in Salt Lake County. Fifteen hundred seventy six (20.8%) of these homes are condominiums. West Valley City homes make up almost 8% of that number, with 607 single family homes for sale. Seventy four of those are condominiums. The information contained in this West Valley City Utah  Real Estate Market Analysis is provided by the Wasatch Front MLS, from home listings supplied by Realtors from around the Salt Lake Valley. While the numbers are from the MLS, any commentary is the opinion of Group1 Real Estate Agents. It is just that, an opinion, not legal or accounting advise, or recommendations outside the agents area of expertise. This report will not include most of the homes for sale b...
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By Alan Barker
(Boomerang Leads)
West Valley City also experienced smaller numbers.  Median sold price went from $179,959 to $167,925 and average sold price went from $181,743 to $166,791.  Sold homes in West Valley decreased 40% from 211 to 127.  Inventory has increased to 15.35 months.    
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By Alan Barker
(Boomerang Leads)
Houses sold in West Valley went below 1,000 in 2008, down 33%. Median sold price went from $189,000 in 2007 to $183,000 in 2008 and are currently listed at $190,000. Average sold price went down 5.4% to $185,048 and is currently listed about 8% higher than that. With 7 months of inventory, there are still many homes in West Valley for every type of buyer.  These numbers are not official.
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Short Sale home in West Valley City, Utah.   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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By Rolando Gill
(Everest Realty Group)
Hello Rolando.  I hope all is well with you and your family.   I told you I would send you a testimonial (many moons ago) and I wanted to follow up on that.  Here it is:   I was having trouble selling my home with another realtor after the mortgage industry started to collapse.  My previous realtor recommended an inflated asking price that got me really excited, and then my home sat on the market for 6 months with little activity.  As the mortgage industry collapsed, the number of qualified buyers was decreasing as were home values.  I researched active realtors in my area and ones who really understands different parts of town who also had a lot of experience.  After speaking to several realtors, I chose Rolando Gill.  I asked him to give me an honest asking price that would sell my ho...
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By Rolando Gill
(Everest Realty Group)
Unless you’ve been living under a rock, you are probably aware of what’s going on with the government bail-out. It looks like there is going to be a $700 Billion bail-out of the economy. Experience shows that when the government gets involved in anything, prices go up. As the bailout is implemented, it’s likely that fees, points and even interest rates will start to go up. So right now there is an important window of opportunity. While Fannie Mae and Freddie Mac are flush with new cash, they are able to purchase more loans from the banks. Also, because interest rates are quite reasonable right now, it is a great opportunity for someone who is looking to buy their first home, someone who is looking to move into a larger, more spacious home, or someone who is looking to buy investment pro...
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By Julie Neerings~Lifting Hearts ♥ Building Dreams~
(Agent Referral)
Welcome to the beginning of my 2008 monthly real estate market report for West Valley City, Utah located in Salt Lake County. This report will be broken down into two different sections, one for Single Family Residence and the second for Condos. Please keep in mind that the real estate market report I have provided is a compilation of a large price range for the entire city of West Valley and should not be confused as being the price in which your home will currently sell for.  Also please take note:  “SOLD” indicates all the properties that sold during the month of January 2008.  “Under Contract” are the properties that have gone through negotiations and are currently awaiting their  closing date as of the date I pulled this report (2/18/2008).  “Active Listings” are all the homes curr...
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By Mark Alder
West Valley City is located just west of Salt Lake City and is about 10-20 minutes from downtown Salt Lake City.  West Valley is a young city.  It saw most of its growth after WWII and was incorporated in 1980.  The majority of homes were built in the 70’s, 80’s, and 90’s.   This is a great place to find affordable homes in the valley.  It also has great new, clean, affordable condos like this one below made by Trophy Homes in 2003.              West Valley runs about 2100 South to 4700 South and 1300 West to 7200 West.  See map above from West Valley City's Homepage.  As of September 2007 there are approximately 478 residential properties on the market according to the WFRMLS.  Last month 71 properties sold for an absorption rate of 6.73.  The price range of sold properties for last m...
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By Keith Jeppson - Salt Lake City Real Estate
(Everest Realty Group)
West Valley City Utah home sales went through a major transition in June. Home values continued to rise by 1.7% for the month of June and were 28% higher than they were in June 2006. In just the last 6 months West Valley home prices have increased by 15.6%. That is the biggest increase in the Salt Lake Metropolitan area. But, will the increases continue or will we begin to see some softening of prices? I think we will see a softening. Month Average Sold Price Change from Prior Year # of Homes sold Change from Prior Year Absorption Rate in Months 1ST Qtr $205,704 +34.4% 285 +1.4% NA April $210,477 +26.4% 100 -1.9% 3.9 May $215,472 +21.8% 145 +5.8% 2.8 June $219,032 +28.6% 84 -43.6% 5.1 2ND Qtr $214,111 +24.8% 339 -12.9% 4.1 The absorption rate, which is the leading indicator of real esta...
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By Keith Jeppson - Salt Lake City Real Estate
(Everest Realty Group)
West Valley City is still one of the hottest home markets in Salt Lake County. Home values have increased every month in 2007 and in May were nearly 22% higher than what they were in May 2006. Not only are home values strong but the number of homes sold has stayed very close to 2006 record levels. West Valley is one of the few cities in Salt Lake County still considered a sellers market. Our absorption rate (the number of months it would take to sell the current inventory of home listings). is 3.0. anything below 5 is considered a sellers market. Check the Salt Lake County absorption rate chart and compare West Valley City. We expect the demand in West Valley to continue. It is a great community and its community leaders are growing it with a strong strategic plan. For more information ...
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By Keith Jeppson - Salt Lake City Real Estate
(Everest Realty Group)
West Valley City Home & Condo Sales Report West Valley City home sales decreased 5% from March 2007 and declined 2% from April 2006. Home values were flat with 1% growth from March 2007 but were up 26% from their April 2006 levels. Days on market decreased by 9% from March 2007 and were flat with a 3% decline compared to April 2006.       2006 2007 Change % Homes Sold 102100-2% Average Sold Price $166,588 $210,477 +26% Condos Sold 510+100% Average Sold Price $128,150 $162,940 +27% Average Days On Market 29 28 -3% For more information on West Valley home & Condo sales in April 2007 check us out at SaltLakeSpeaks - West Valley April 2007.
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By Keith Jeppson - Salt Lake City Real Estate
(Everest Realty Group)
West Valley City Homes sold dips 16% while home values increase a staggering 33%!This is a quick analysis of the West Valley City residential Real Estate market comparing March 2006 home and condo sales activity to March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis. Quarterly and trend analysis are much more meaningful that isolating a single month. But, it interesting to compare our statistics to what we see in national and regional activity and trends. March 2006March 2007Change %Homes Sold119100-15.97%Average Sold Price$158,055$210,051+32.90%Condos Sold57+40%Average Sold Price$141,000$147,128+4.35%Average Days On Market3130-3.23%West Valley City followed the national and local trend of a decline in the number of homes sold but from th...
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By Keith Jeppson - Salt Lake City Real Estate
(Everest Realty Group)
West Valley City is growing like crazy. Have you driven along 5600 West lately and seen all the new commercial real estate developments? Investors, take notice! But, how have the homes values done? If you recall, Utah ranked #1 in appreciation in 2007 with an increase statewide of 17.55%.  West Valley city ranked 8th in Salt Lake County for growth in home and condo values with an annual increase of 18.91%!  Let's see how we did with 1st quarter comparisons.1st Quarter 2006 Sales Compared to 1st Quarter 2007  20062007% ChangeHomes Sold281285+1.42%Average Home Sold Price$153,081$205,704+34.38%Condos Sold1514-6.67%Average Condo Sold Price$121,953$150,985+23.81%New Listings462506+9.52%Average List Price$160,702$220,195+37.02%Average Days on Market3834-10.53%The number of homes sold in West ...
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