-
Rose Park 2nd quarter 2010 real estate sales
Posted on July 7th, 2010 No commentsOne of the most resilient neighborhoods in Salt Lake City bounces back this quarter with a median price of $156,000. Aside from last quarter, the prices have been rising here for the last year. The number of home sales are up as well, at 25. The peak value for this area was $174,000 in the third quarter of 2007, so values have not tumbled as dramatically as other parts of the valley.
Rose Park sales 2007-2010 2nd qt
Rose Park sales 1996-2010 2nd qtUsing sales data from the previous six months gives an absorption rate of 6.7 homes per month which gives a theoretical inventory of 7.7 months. This is approaching a balanced market (6 month supply).
Leave a reply
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).