Quote:
Originally Posted by UteStar
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).
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They're sitting a whole 1-3 months. LOL You guys need to go through a credit crunch or real estate collapse like occured in the late 70's and early 80's. Anyone ever heard of S&L collapse. Of course again it was a result of brilliant banking types and their lending practices. Bankers belong in my way overpaid grouping.