RSS icon Email icon Bullet (black)
  • Sugarhouse 2nd quarter 2010 real estate sales

    Posted on July 7th, 2010 admin No comments

    And we have a winner.  Sugarhouse has always been a popular Salt Lake City neighborhood and this quarter’s numbers prove it with a continuation of the price recovery which started late last year.  The median price here is now $273,000 only off 9% from a peak value of $298,000 set in the 1st quarter of 2008.  Home sales are up as well with 60 closings this quarter.
    Sugarhouse sales 2007-2010 2nd qt
    Sugarhouse sales 1996-2010 2nd qt

    Using sales data from the previous six months gives an absorption rate of 16.7 home sales per month and an inventory of 10 months.  Still a buyer’s market.

    Leave a reply