Monday, April 5, 2010

Utah Area Home Values

Utah Area Home Update:
Home prices are averaging anywhere from $55 to $95 per sq. ft. on the average.
  1. Short Sales: A good quality home will go for $70 - $80 per sq. ft.
  2. Distressed Properties needing some upgrading/work will most likely go for about $55-$65 per sq. ft.
  3. Bank-owned properties are going for $65 - $80 per sq. ft. on average.
  4. Homes that have desired features/amenities and are not short sales, or bank encumbered properties, will sell for an average of $80 - $93 per sq. ft.
  5. A desired home, priced right, in a desired area, will have multiple offers on it, go for the asking price or more, and will be under contract within a week of being on the market!

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