Tag Archives: salt lake county

Luxury Real Estate Headlines: Third Week in August 2018

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

Mapleton, Utah | Kerry Oman, Summit Sotheby’s International Realty

“After retiring from Major League Baseball in 2001, first-baseman Wally Joyner built a Utah home devoted to a very different sport: horseback riding. His equestrian estate includes a combination house and horse barn spanning some 45,000 square feet.”

Baseball’s Wally Joyner Lists Equestrian Estate for $7.9 Million – Wall Street Journal

A ‘Peak Penthouse’ in Point Piper, Australia – Mansion Global

This Dreamy Nantucket-Style Home on the Jersey Shore is Looking for a New Owner – Coastal Living

Hot Property: Homes with Glorious Gardens – Financial Times

Stand-Up Comic and Writer Steve Bluestein Puts Offbeat Bel-Air Abode on the Market – Los Angeles Times

A Gut Renovated Amagansett Property is on the Market for $5.95M – Cottages & Gardens

6 Lovely Homes for Gardeners – The Week

Tommy Hilfiger’s Penthouse Apartment is as Fashionable as You’d Imagine – Today

Bella Swan’s ‘Twilight’ House is Now Up for Sale – Observer 

A. Quincy Jones-Designed Home in Brentwood Fetches $3.4 Million – Los Angeles Times

House Hunting in… Austria – The New York Times

Cooling Measures Could Calm ‘Euphoria’ for Singapore Flats, Property Experts Say – South China Morning Post

Wealthy Parents Help Child Athletes Go Pro in Their Own Backyards – Wall Street Journal

World’s First Film Poster Set to Go Up for Auction at Sotheby’s – The Guardian

Luxury Real Estate Headlines: First Week in July 2018

569 Deer Valley Loop #8
Park City Utah | Christine Grenney, Summit Sotheby’s International Realty

“Imagine living just a short walk from Old Town’s Gold Coast. Within minutes, you can be dining at an acclaimed restaurant or touring Main Street’s art galleries. As if the location couldn’t get any better, The Lofts townhomes are also on the bus route, just over a mile from world-class skiing. The caliber of the property itself, however, doesn’t pale in comparison to its desirable setting. .”

Georgia’s Priciest House Hits Market in Atlanta for $25M – Mansion Global

Railroad Chief’s Equestrian Estate Returns for 40% Off – Wall Street Journal

6 Beautiful Homes in the Mountains – The Week

Hot Property: Homes for Car Lovers – Financial Times

Contemporary Home in Rio de Janeiro with a Striking View – Mansion Global

$650,000 Homes in Rhode Island, Missouri and Tennessee – The New York Times

6 Historic New Jersey Homes – The Week

Hamptons Surf Home Sells for Almost $23 Million – Wall Street Journal

Tyra Banks Buttons Up Another Home Sale in Pacific Palisades – Los Angeles Times

Info is Key to Buying New Development Off Plan – Mansion Global

In Cooling Housing Markets, ‘Bump Clauses’ Help Seal Win-Win Deals – Wall Street Journal

Munich’s Schwabing is Lively, Central, and Upscale – Mansion Global

Bank of Mum and Dad: Study Shows How a Growing Number of Singaporeans are Paying for Their Homes – Domain

How I Went From a High School Teacher to a C-Suite Executive Through the Power of ‘Yes’ – Thrive Global

The Reverie of Island Living – T Brand Studios

10 Dream Homes That Take City Dwelling to a Whole New Level – Elle Decor

Victoria Beckham’s Favorite Rubens Painting Fetches $7 Million at Sotheby’s Old Masters Sale – artnet News

January 2018 Salt Lake County Real Estate Market Video Update

January 2018 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 26% from 2017 with 1,579 units on the market and down 27% from the previous month. The median listing price was just $430,000. The average days on market was up 16% from 37 days in 2017 to 43 days in 2018. The median sales price was just under $330,000. The averages for units sold in the month of December decreased 10% for units sold year over year and decreased 16% month over month with a total of 921 units sold.

Salt Lake County – Condominiums: Active inventory was down 4% from 2016 with 554 units on the market and down 12% from the previous month. The median listing price was just under $270,000. The average days on market was up 9% from 33 days in 2017 to 36 days in 2018. The median sales price was just under $240,000. The averages for the month of December show an increase of 2% for units sold year over year and decreased 6% change over the previous month with a total of 308 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

December 2017 Salt Lake County Real Estate Market Video Update

December 2017 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 21% from 2016 with 2,025 units on the market and down 17% from the previous month. The median listing price was $400,000. The average days on market was up 13% from 32 days in 2016 to 36 days in 2017. The median sales price was just over $330,000. The averages for units sold in the month of November decreased 8% for units sold year over year and decreased 15% month over month with a total of 985 units sold.

Salt Lake County – Condominiums: Active inventory was down 5% from 2016 with 595 units on the market and down 14% from the previous month. The median listing price was just under $270,000. The average days on market was down 3% from 33 days in 2016 to 32 days in 2017. The median sales price was just under $230,000. The averages for the month of December show an increase of 8% for units sold year over year and 29% change over the previous month with a total of 287 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

November 2017 Salt Lake County Real Estate Market Video Update

November 2017 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 17% from 2016 with 2,345 units on the market and down 14% from the previous month. The median listing price was just over $414,000. The average days on market was up 10% from 30 days in 2016 to 33 days in 2017. The median sales price was $330,000. The averages for units sold in the month of October decreased 1% for units sold year over year and increased 1% month over month with a total of 1,102 units sold.

Salt Lake County – Condominiums: Active inventory was down 1% from 2016 with 669 units on the market and up 1% from the previous month. The median listing price was just over $268,000. The average days on market was up 6% from 31 days in 2016 to 33 days in 2017. The median sales price was just over $225,000. The averages for the month of October show an increase of 6% for units sold year over year a 0% change over the previous month with a total of 380 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

September 2017 Salt Lake County Real Estate Market Video Update

September 2017 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 14% from 2016 with 2.549K units on the market and up 5% from the previous month. The median listing price was just over $413.9K. The average days on market was down 10% from 29 days in 2016 to 26 days in 2017. The median sales price was just over $332K. The averages for units sold in the month of August decreased 18% for units sold year over year and decreased 3% month over month with a total of 1.122K units sold.

Salt Lake County – Condominiums: Active inventory was down 25% from 2016 with 591 units on the market and down 3% from the previous month. The median listing price was just under $272K. The average days on market was down 16% from 31 days in 2016 to 26 days in 2017. The median sales price was just over $219K. The averages for the month of July show a decrease of 3% for units sold year over year and up 6% over the previous month with a total of 414 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

June 2017 Salt Lake County Real Estate Market Video Update

June 2017 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 31% from 2016 with 1,798 units on the market and up 6% from the previous month. The median listing price was just under $440,000. The average days on market was down 4% from 26 days in 2016 to 25 days in 2017. The median sales price was just over $332,000. The averages for units sold in the month of May decreased 10% for units sold year over year and increased 15% month over month with a total of 1,224 units sold.

Salt Lake County – Condominiums: Active inventory was down 30% from 2017 with 516 units on the market and up 4% from the previous month. The median listing price was just under $270,000. The average days on market was down 34% from 35 days in 2016 to 23 days in 2017. The median sales price was just under $230,000. The averages for the month of May show a decrease of 16% for units sold year over year and decreased 1% over the previous month with a total of 364 units sold.

April 2017 Salt Lake County Real Estate Market Update

April 2017 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 37% from 2016 with 1,521 units on the market and down 6% from the previous month. The median listing price was $435,000. The average days on market was down 16% from 45 days in 2016 to 38 days in 2017. The median sales price was just under $320,000. The averages for units sold in the month of December decreased 7% for units sold year over year and increased 43% month over month with a total of 1,036 units sold.

Salt Lake County – Condominiums: Active inventory was down 47% from 2017 with 398 units on the market and down 19% from the previous month. The median listing price was just under $270,000. The average days on market was down 43% from 42 days in 2016 to 24 days in 2017. The median sales price was just under $230,000. The averages for the month of December show a decrease of 1% for units sold year over year and up 27% over the previous month with a total of 243 units sold.

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Highlights from the 2017 Salt Lake Housing Market Forecast

utah_state_capitol

Salt Lake County’s residential market had its best year since 2006. Superb fundamental—strong job growth, increased net in-migration, low mortgage rates, and solid wage gains— supported increased levels of sales activity and pushed up single-family and condominium prices to all-time highs. Prices are above pre-recession levels and have finally fully recovered from the Great Recession. The following summary of statistical highlights captures the strength of the 2016 market.

A summary of the county’s 2016 sales statistics show:

• 13,600 single-family sales, an increase of 1.3 percent.

• $4.5 billion in single-family sales, an increase of 10 percent.

• 4,300 condominium, town home and twin home sales, an increase of 12 percent.

• $927 million in condominium, town home and twin home sales, an increase of 20 percent.

• $325 million in residential real estate commissions, an increase of 11 percent.

• $295,000 median sales price for a single family home, an increase of 8.1 percent.

• $203,000 median sales price for condominiums, town homes and twin homes, an increase of 7 percent.

• 13 days for median cumulative days on market (CDOM), a record low CDOM for single-family homes.

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February 2017 Salt Lake County Market Update

February 2017 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for January 2017. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 37% from 2016 with 1,499 units on the market and down 21% from the previous month. The median listing price was just under $405,000. The average days on market was down 7% from 46 days in 2016 to 43 days in 2017. The median sales price was just over $300,000. The averages for units sold in the month of December decreased 9% for units sold year over year and decreased 34% decrease month over month with a total of 659 units sold.

Salt Lake County – Condominiums: Active inventory was down 45% from 2017 with 418 units on the market and down 16% from the previous month. The median listing price was just over $250,000. The average days on market was down 9% from 46 days in 2016 to 42 days in 2017. The median sales price was just under $220,000. The averages for the month of December show a decrease of 10% for units sold year over year and down 33% over the previous month with a total of 195 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update