Now is the perfect time to buy in the Salt Lake City Utah Market! Although Salt Lake County home sales for the first quarter of 2009 hit the 1,376 level they were still down by 27% but home prices have remained stable dropping just 3% over first quarter last year.  The average price of a home in Salt Lake County was $282,000 for the first quarter.  With sales down sellers are more apt to negotiate since homes are sitting longer on the market.  This of course varies by area as is noted below.

Area                                                        Homes Sales           % Chg               Average Price          % Chg

Salt Lake City                                                 356                        -36%                 $261,100                  -8%

Cottonwood Hts/Holladay                             68                          +8%                 $368,200                  -1%

Draper                                                               95                        +10%                $404,700                  -19%

Herriman/Riverton/Bluffdale                       168                          -3%                 $307,900                   -8%

Midvale/Murray                                                52                          -30%                $251,900                  +2%

Sandy                                                              155                         -11%                $346,100                  +4%

South Jordan                                                 109                           -4%                $331,300                  -15%

West Jordan                                                   157                         -41%              $231,900                    -6%

West Valley City/Magna                               136                          -42%              $173,300                   -10%

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.