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Utah is such a beautiful place to live, work, and play. Our economy is strong, unemployment is low, and we have a wide variety of outdoor activities to enjoy. I chose to live here years ago to enjoy all of these features and I care very much about finding you the perfect home in Utah; through excellent service, years of experience, and an understanding of real estate data and information. Whether your needs are immediate or in the future, I will help you prepare to maximize your timing, increase your potential profits, all while taking advantage of the current market conditions. We can do it, together; step by step.

Services

Check out my comprehensive online marketing program.
“BURST” your house onto the market!

• 87% of home shoppers use the Internet as part of their home search.*
• Placement on 20+ websites with multiple professional pictures and virtual tours.
• Open house announcements, full color e-flyers and e-cards to hundreds of REALTORS® in your area.

Newsprint – Prominent weekly ads in local papers when applicable.
Just listed glossy color postcards – sent in your area.
Yard Sign and Open House – Koch sign panel with the necessary riders.

UTAH REAL ESTATE FACTS

MSN Money-Best Buy Cities:
Where to Invest in Housing in 2015
MSA: #12 Salt Lake city, Utah
Pop: 1,1400,483
Avg: Home Price: $250,394
Pop Growth (4.4%)
Jobs Growth (annual) 2.9%
Unemployment: 3.2%
Annual price growth: 6%
Over (+) or under (-) priced by 1%
Home Price/Rent Ration: 21

Home Sellers Net Highest Profit in a Decade

While it’s the most profitable time to sell in a decade, it’s also extremely difficult to find another home to purchase.

ATTOM Data Solutions recently reported that homeowners who sold in the second quarter realized an average price gain of $51,000 since purchase – the highest average price gain for home sellers since Q2 2007, when it was $57,000.

The average home seller price gain of $51,000 in Q2 2017 represented an average return of 26 percent on the previous purchase price of the home, the highest average home seller return since Q3 2007, when it was 27 percent.

The report also shows that homeowners who sold in the second quarter had owned an average of 8.05 years, up from 7.85 years in the previous quarter and up from 7.59 years in Q2 2016 to the longest average homeownership tenure as far back as data is available, Q1 2000.

“Potential home sellers in today’s market are caught in a Catch-22. While it’s the most profitable time to sell in a decade, it’s also extremely difficult to find another home to purchase, which is helping to keep homeowners in their homes longer before selling,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “And the market is becoming even more competitive, with the share of cash buyers in the second quarter increasing annually for the first time in four years.”

Cash sales share increases annually for first time since Q1 2013

All-cash sales represented 28.9 percent of all single family and condo sales in Q2 2017, down from 31.3 percent of all sales in the first quarter, but up from 27.3 percent of all sales in Q2 2016 – the first annual increase in the share of cash sales since Q1 2013.

The price of homes in Salt Lake County continues to climb as demand from household formations and net in-migration continues to accelerate. In this year’s second quarter, the median home price skyrocketed to $299,900 an 11 percent jump from last year when the median price was $269,984.

Home prices here and across the nation are at all-time highs. The rise in buyer demand combined with a limited number of homes for sale pushed the national median sales price above its 2006 peak and to a record high, according to the National Association of Realtors®.

The median existing-home price for all housing types reached $236,400 in June – 6.5 percent above year ago levels and surpassing the peak median sales price set in July 2006 at $230,400.

Troy Peterson, 2017 President (August 2017)