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Salt Lake City: Undervalued by 25 Percent? - 9/14/2005 - Real Estate House Home Condo

Salt Lake City: Undervalued by 25 Percent?

by Carla L. Davis

Some experts feel that Utah is undervalued by 25 percent. Is now the time to invest in quiet living?

Realtor Mark Watterson says, "This area's quiet living and location features excellent views of the Wasatch Front Mountains. Utah is famous for it's family orientated culture. It also fits the single, married, or retired life. Whether you like country or city living, this is it. This is the Place."

He adds, "I feel the current outlook is very good. We have been through a weak cycle that has affected all areas of the state of Utah, mainly the Wasatch Front areas. However, this year looks very promising. I feel a 10 percent growth rate is extremely likely. Some experts feel we are looking at a jump in appreciation. With all the out of state investors looking into Utah, it can only improve our appreciation over current levels."

"This is an exciting time as we watch our most important investment become more valuable. This is a great time to be in the game and not on the sidelines. The good news about the general market is prices are generally trending up. The market is turning rapidly to a sellers market. The east side of the valley already is a sellers market. As the surrounding markets cool off our market generally heats up."

Realtor Mayra S. Johnson continues, "Surrounded by the Rocky Mountains, the Salt Lake valley is a beautiful place to live in. Downtown is a vibrant area by day and night. The cities are clean and the people are friendly. What else could you ask for?"

"The Salt Lake valley is experiencing a tremendously active market right now. The economy is doing well and with the interest rates still at an all time low, many people are upgrading, buying their first home, or buying their dream home. If you are thinking about buying a home in the near future, start looking right away and get ready to make the offer. If you thinking of selling your home, there is no better time than right now."


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