Real Estate Blog - Blog Archive: August, 2017

RED BASH 2017

We have our annual client appreciation event coming up on Saturday Septmeber 9, 2017. RED BASH will be held at Castle Park in Lindon, UT. We've got a ton of awesome attractions lined up this year including a magician, face painter, carnival games, balloon animals, free lunch, and more! Wristbands are required this year. Please RSVP with us so we can get you on the list and get you a wristband. This is one of our biggest events of the year and is always a ton of fun for the whole family. We'd love to see you there!

 

 

 

 

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The weather in Utah is HOT.. So is the real estate market. If you've been thinking about selling your home, NOW is the time. Home values are at an all-time high. Give us a call today for a free, no-obligation listing consultation.

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People are always asking me when the real estate bubble is going to burst. Every week it seems like there are new announcements of big companies expanding, or relocating to the area. Whether it's Amazon's $200 million facility and 1500 new jobs, or this latest announcement that Adobe is doubling their Lehi facility with 1300 new jobs.

Adobe Lehi, Utah

If you're waiting for the market to "come down" before buying a house, you're missing the boat. Increasing values are the new norm and I really don't see a repeat of 2008-2011. Conditions are significantly different today than they were back then.  Are you hearing about many people getting into Adjustable Rate Mortgages, stated income loans, or sub-prime mortgages?  Yeah, me neither.  Utah's unemployment rate is the…

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The summer selling season is still in full swing. Buyers are out and about and ready to write offers. The low end of the market ($250k and below) is still on fire. Average days on market in Utah for a home below $250k is in the teens. Homes are selling very well. 

The mid price ranges ($250k-$500k) are also performing well with an average days on market of 21 days.  The upper price ranges above $500k are still selling as well, but sellers just need to get more competitive on their asking prices in this range.

Our team closed on three sold listings sin the past 7 days. All had mutiple offers and sold for above asking price.

One of them was this Lehi home that had five offers in the first week.  It sold for several thousands of dollars above asking…

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