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Magna, UT Real Estate News

By Gordon Sloan, Salt Lake Homes For Sale, Salt Lake Real Estate
(Group1 Real Estate, selling houses in Salt Lake City Utah )
4 Bedroom Homes For Sale in Magna UT From $130,000 to $160,000     Looking at 4 bedroom homes for sale in Magna UT from $130,000 to $160,000 ? Start here and start with this 1,362 sq. ft., 1 bath, 4 bdrm 2 story split, in Magna Utah - MLS # 1268044 $139,900..................... Buys these features and more: 4 Bedrooms Basement 85% Finished Basement Bath Plumbed French Doors Double Pane Windows  Cul de Sac Fully Fenced Forced Air Heat w/ Evaporated Cooler Cable T.V. Available Hardwood Floors   8063 W Melville Circle Magna Utah Salt Lake County  -  Updated, great home in a cul-de-sac at an amazing price! This home has a family room right next to the open kitchen that is great for entertaining, beautifully finished bath upstairs and plumbed for a second in the basement, fully fenced yard, ...
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By Spencer Stott, Mortgage Professional
FHA Mortgage Requirements in Kearns Utah FHA Mortgage Rates in Kearns, Utah. FHA Mortgage Requirements in Kearns Utah. Buying a home in Kearns, Utah? Then a Federal Housing Administration (FHA) Loan might just be the right choice for you. FHA Mortgage Requirements in Kearns Utah. If you: - look at your credit score and think you won't be approved to buy a home. - Worry about the hefty price of a down payment. - Think you probably can't even qualify for a home loan. - Are looking to buy your first home. Then an FHA Loan is a great option for you! An FHA Loan is backed by the federal government, not funded by it. Your lender provides the loan to you. Since the FHA has stamped this loan 'approved', lenders can offer even lower monthly payments and interest rates. To find FHA rates or find ...
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By Spencer Stott, Mortgage Professional
FHA Mortgage Rates Magna Utah Magna, Utah FHA Mortgage Rates Buying a home in Magna, Utah? Then a Federal Housing Administration (FHA) Loan might just be the right choice for you. If you: - look at your credit score and think you won't be approved to buy a home. - Don't want to lose your right arm and leg on a down payment. - Are contemplating whether or not you can even qualify for a loan. - Are looking to buy your first home. Then an FHA Loan is a great option for you! An FHA Loan is not a loan to you from the FHA, rather it is a loan backed by the FHA and granted to you by your lender. Because the FHA backs this loan, your lender can offer you even lower monthly payments and interest rates. To determine your eligibility for an FHA Loan and find rates in Magna you can apply here: http...
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By Alan Barker
(Boomerang Leads)
Homes in Magna rocketed 80 percent, increasing to over 100.  Median and average sold price of Magna Real Estate didn't change much.
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION      Other good signs in addition to positive price action is lower DOM (days of the market), lower new listingsand higher percent of new listings being SOLD.   SUMMARY Has the Utah Real Estate Market bottomed? Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those investor with low and/or no risk tolerance to purchase.  Investors with a long term buy and hold strategic.  Opportunities are starting to make sense.  Contact your property resource specialist for information to make an inf...
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By Alan Barker
(Boomerang Leads)
 Over the past ten years, the number of homes in Magna sold almost doubled, then was sliced in half to a point where less homes are selling now than were selling ten years ago.  Prices of Magna Real Estate have slightly increased and are now in the mid 100s.
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listingsand higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperienc...
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien...
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By Alan Barker
(Boomerang Leads)
There are currently 174 homes for sale in Magna Utah.  Only 51 homes sold last quarter which is almost half of what sold during the 2nd quarter of 2008.  Magna Real Estate sold prices also decreased 15-16%.  With prices currently 12-14% higher than what sold last quarter, sellers are hoping to get prices similar to what homes sold at one year ago.
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien...
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By Alan Barker
(Boomerang Leads)
Magna homes sold dropped 37%.  Median and Average sold price decreased by around 7%.  Current price of homes are slightly higher but haven't risen much when comparing to other towns in the area.  In fact, homes in Magna are some of the most affordable in the valley.  There is one year of inventory and 183 active listings.    
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By Alan Barker
(Boomerang Leads)
Magna UT homes saw a big hit in 2008, with number sold dropping by almost 40%.  The median and average prices only decreased slightly by about 3%. Median price of homes is currently about 2% higher than what the median sold price was in 2008.  This means the homes are priced at what they should be.  There are 7 months of active inventory and 190 active listings to satisfy a variety of needs. These numbers are not official.
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By Mark Watterson, Utah Real Estate
We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION                   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.      SUMMARY Currently we are not seeing the needed positive price action (along with other indictors) to confirm a market bottom.  This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperienced buyer.  Also it is good to...
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We still are having a low percent of new listings being SOLD.  Currently (25.45)% on a year over year, YTD comparison and we need positive % of listings sold, with positive price action to confirm market bottom. Please see data below.                                                                                  PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market) and lower new listings.             SUMMARY  Currently we are not seeing the needed positive price action to confirm a market bottom.  This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing. For more details or just to chat about market conditions please feel free to contact me. Thank you       ...
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By Alan Barker
(Boomerang Leads)
The home sales numbers for Magna Utah aren't exactly hot, but compared to most of Utah the market is really healthy. While much of Utah has more than a years worth of inventory for sale, Magna's inventory level is currently at 5.7 months compared too the second quarters sales numbers. The median price $185,000 of listings in Magna is very affordable, and thus these homes are still selling. The median price of homes that sold in Magna during the first half of 2008 was $168,760.
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The Empress Theater 9104 West 2700 South Magna Utah 84044 (801) 347-7373 What an Awesome Story the Empress Theater has. From it's beginning in 1916 Entertaining the miners then silent movies. Leo Ware toiled to and worked and spent a lot of blood sweat and tears, the county wanted to raze the building. His dream of live entertainment was carried forward by the Oquirrh Hills Performing Arts Alliance. The theatre reopened on 4 November 2006 with "Forever Plaid,". For more details about the history of the Empress Theater and Leo W. Ware. The Empress Theater 2008 Season schedule of shows
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Saturday, December 1, 2007 Noon Historic Magna Main Street8400 West to 9150 West 2700 South.   The Jolly Ol' Elf himself, Santa is flying in from the North Pole just to participate in our parade.  He will be greeting the children and passing out candy at the end of the Parade at the Chamber Office, 9145 West 2700 South. Miss Magna Ashley Kelson & her Court, 1st Attendant Rachel Sellers & 2nd Attendant Sara Prokopis will be gracing the Magna West Bench Float redesigned by Misty Rowan, Rowan Art Murals for this special Holiday Tradition.  They will also be joining Santa at the Chamber Office to greet the kids The Magna Chamber of Commerce & Magna Community would like to give special thanks to: Hank Hanssen, Kennecott Utah CopperLora V. Kinsman, Wells Fargo Bankfor 10 years of donating the...
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Run Don't Walk To Magna The Last Affordable Frontier In Salt Lake CountyMagna is located right off of highway 201 and you can be down town Salt Lake City in 15 minutes and to the airport in 10 minutes easy.Magna is little town that is different than most Salt Lake City Suburbs. Magna has some really cool old buildings on Main St. It has affordable housing and is home to the Kennecott Copper Mine Smelter.Magna is going through some changes, it is growing. Main Street is getting some much needed face lifts and new businesses are starting to go there. The Empress Theater is going in full swing with the Mystery Of Edwin Drood, very affordable entertainment.Magna has Brand New Single Family Homes that you can buy for under $250,000 and yes this is not a misprint there are a few BRAND NEW HOM...
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Magna, UT Real Estate Professionals