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  • Lower Avenues 2nd quarter 2010 real estate sales

    Posted on July 6th, 2010 admin No comments

    It looks like a definite upturn in value for this historic Salt Lake City area.  The median price is up slightly at $249,000 and with 48 sales in the last quarter that number should be pretty accurate.  Still down from a peak of $333,000 three years ago but a nice trend none-the-less.
    Lower Avenues sales 2007-2010 2nd qt
    Lower Avenues sales 1996-2010 2nd qt

    Using the previous six months of sales data gives an absorption rate of 12.5 homes per month and an inventory of 8.7 months.

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