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  • Federal Heights 2nd quarter 2010 real estate sales

    Posted on July 6th, 2010 admin No comments

    Doubled in value?  Probably not, but what a wild quarter it’s been, with the graph showing a current median sales price of $1,250,000.  With only 3 sales during the previous quarter, it’s too soon to claim a huge appreciation for homes in this very exclusive Salt Lake City neighborhood.  Two of those sales were quite significant which helped push up the numbers.  The peak median price was $1.6M in the third quarter of 2007.
    Federal Heights sales 2007-2010 2nd qt
    Federal Heights sales 1996-2010 2nd qt

    Using the previous six months of sales data the absorption rate is only 1 home per month.  Don’t get in a hurry to cash in, as the inventory is now 15 months.

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