Summer is winding down, but the Utah real estate market is still HOT!

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 price while everything else on it's street is still sitting on the market.

This Lehi home sold above asking price in just one week


This Orem Stonebrook condo had five offers.  The net sales price was $3200 higher than any other sale in Stonebrook in the history of the complex!

Orem Stonebrook condo


This Payson twin home also had multiple offers and sold for above asking price.  The homeowner was thrilled!  Especially since we were able to negotiate them staying in the home for an extra two months post closing while their new dream home is being built.  Congratulations to our sellers!


Payson Twin Home

If you've had any thoughts about how your home might fit into the market place, please contact us for a free, no-obligation, confidential home selling consultation.  Click here for more info

Posted by Dan Kennedy on
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