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

    Posted on July 6th, 2010 admin No comments

    The sold prices are still slowly declining for this Salt Lake neighborhood.  Median sales price is now $245,000 with only 9 homes sold, down from a peak of $330,000 in the 3rd quarter of 2007.

    Canyon Rim sales 2007-2010 2nd qt
    Canyon Rim sales 1996-2010 2nd qt

    Based on sales data for the last six months, the absorption rate here is 3 homes per month which gives an inventory of 8.7 months.  A buyer’s market.

  • 9th & 9th 2nd quarter 2010 real estate sales

    Posted on July 6th, 2010 admin No comments

    By the end of June the median price in this popular Salt Lake City neighborhood had dropped again after a uptick last quarter.  The new number is $229,000.  The highest median price was set in the 2nd quarter of 2008 at $317,000.  That may have been an anomaly as most areas peaked in early 2007 when the median price would have been $305,000.
    Click here to see sales since 2007.
    Click here to see sales since 1996.

    Based on sales data for the last six months this area has an absorption rate of 2.7 homes sold per month which gives an inventory of 5.6 months.  Conventional wisdom would place this as a balanced market for the 9th & 9th.

  • 15th & 15th 2nd quarter 2010 real estate sales

    Posted on July 6th, 2010 admin No comments

    At the end of June the median sales price in this Salt Lake City neighborhood was $305,000 with 19 homes sold during the 2nd quarter.  The peak median price for this area was $404,000 in the third quarter of 2007.
    Click here for a graph showing sales since 2007.
    Click here for a graph showing sales since 1996.
    Based on sales data for the last six months the absorption rate is 4.7 homes sold per month giving an inventory of 4.3 months.  That would technically make this neighborhood a seller’s market with inventory of under 6 months.

  • The new federal courthouse in Salt Lake City

    Posted on July 2nd, 2010 admin No comments

    Much better conceptual images and floor plan can be found at the architect’s web site: Thomas Phifer and Partner’s.  This U.S. district courthouse will occupy the leveled block between 300 and 400 South / Main Street and West Temple where Port-O-Call used to be.  The building will be over 300,000 square feet and looks to be about 10 stories.  Projected to be completed next year, but my guess is that there has been some delay.