Quote:
Originally Posted by cougjunkie
The crazy thing about this market right now is that starter homes between 150-250k are still selling like hotcakes. Middle priced homes between 275-500k are sitting on the market for months and months. Homes between 500-800k are the worst to try and sell, but once you get over the 1million dollar mark they are selling like crazy. Ideally anything between 2 and 5 million wont stay on the market for long.
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As some of you know, my wife is a realtor and just as junkie said, the Utah market is slowing in some price ranges. In SL county, homes are still selling pretty good up to the $350K range...but in the $350-500K range, your home better be priced right and be in a good location or it will sit for 1-3 months. If you price it wrong or are asking too much, your home will not sell for a long time.
I am most curious to see how areas like Herriman, Daybreak and others do during this period because their prices have risen so dramatically, they are now up against homes on the East Bench in similar price ranges and similar sizes (the biggest difference being new vs. old).