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Federal Heights 2nd quarter 2010 real estate sales
Posted on July 6th, 2010 No commentsDoubled 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 qtUsing 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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martinis in the attic
All the drama, pathos, and comedy that is real estate in Salt Lake. A crisp mix of fact and folly served straight up with a twist from mixologist and licensed Realtor, Brad Dundas. Never too dry but occasionally bitter.
About me
Brad is a Salt Lake Realtor who has been schlepping buyers and schmoozing sellers since 1992. Sticking signs and foisting flyers up and down the Wasatch Front. From the Harvard Yale to Herriman, Capitol Hill to Copperton, Millcreek to Magna, Avenues to… Well, you get the idea (and the search engines get the key words).