Market Conditions - June 27, 2006 by Carla L. Davis
There may have never been such a great time to buy in Salt Lake City, Utah. Home are undervalued and appreciating at a rapid rate. Sixty percent of homes are selling in less than 30 days. Salt Lake City, UT, has seen a surge in population, likely connected to out-migrators from nearby California looking for a cheaper cost of living. It is a definite sellers market, where sellers are seeing multiple offers in a short period of time. And they have more to celebrate when the deal closes -- homes have increased in value by 17.88 percent this year alone. As buyers snarf up these amazing deals -- the average 3 bedroom sells for $224,079 -- the number of homes on the market drops, creating even more demand for the houses on the market. One local expert recommends buyers to be properly prepared for this market: - Get a loan qualification and know your comfort level before looking at homes
- Be ready to submit your offer quickly, trust your gut feelings
- Don't get hung up on value, focus on what you want within your price range
| 
