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Midvale, UT Real Estate News

By Kevin Muhlestein, Just Loving Real Estate!
(Signature Group Real Estate Cottonwood Heights, Draper, Utah)
 I will now be able to update each of my contacts with latest market data for their area, I have provided a link for the Midvale area market data for your use. Please feel free to contact me anytime to discuss this information. I am always willing to answer any questions you have regarding real estate. If you would like to get a market snapshot for another area you can log on to my website and do this. www.kevinmuhlestein.com I specialize in the Sandy, Cottonwood Heights, Draper and Midvale areas. Click the link to view the detailed market report for Midvale, Utah:  http://kevinmuhlestein.com/site/market_snapshot.php?zipcode=84047
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By Alan Barker
(Boomerang Leads)
The number of homes in Midvale that sold in 2009 was almost exactly the same as the number that sold ten years ago, with a few increases and decreases in between.  Midvale Real Estate sales price has also been up and down and is currently pretty close to the estimated 4% appreciation from 2000.  Midvale Condos have also been increasing and decreasing and sales are currently at a ten year low, dropping below 100 this past year.  On average, sales price has been on the rise allowing median price to reach an all time high last year.
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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 Debbie Aldrich, Salt Lake City Realtor - Salt Lake County, Cottonwood Heights
(The Watts Group Real Estate )
Why wait and spend lots of money?  In today's economy in Salt Lake County, Debbie Aldrich 801-870-0606, we are always looking for a good deal, well agents I have one for you, the Sign Shop at 75 E. 7200 S. #A in Midvale in Salt Lake County, UT. You can order as needed with a variety of options and if they don't have your company's logo the can make it. The Assistant Manager, Cheryle, is always friendly and helpful, Steve the manager and Daniel the sign tech will work hard for a quick turn time for you.  I have ha a day turn time for a new sign and 30 minutes for a change made to one of my older signs.  Their prices are reasonable, they have many other products to choose from to help market your listings and make them shine.  Stop by the Coldwell Banker Store & Sign Shop Today Debbie Ald...
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By Gordon Sloan, Salt Lake Homes For Sale, Salt Lake Real Estate
(Group1 Real Estate, selling houses in Salt Lake City Utah )
This report, outlining Salt Lake Homes For Sale In Midvale Utah is presented to our clients and those home buyers that are trying to look beyond national sales numbers  and find a nice home at the best price in the middle of the Salt Lake Valley. If your searching Homes For Sale In Midvale Utah, you need information on Salt Lake City homes sold.  If you are wondering how much your offer should be for your new  Salt Lake Homes for Sale in Midvale Utah, these are stats you need. These statistics are provided by the Wasatch Front Regional Multiple Listing Service as of 8/03/09. The MLS may not include homes for sale in Midvale by FSBOs (for sale by owners) or most of the new homes or condos offered by builders in the area. (New Construction)  Midvale Utah Homes For Sale In Salt Lake: There...
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By Gordon Sloan, Salt Lake Homes For Sale, Salt Lake Real Estate
(Group1 Real Estate, selling houses in Salt Lake City Utah )
Looking for New Salt Lake City Condominiums In the center of everything? Try the new Condos @ Midvalley Station in Midvale and be right smack in the middle of everything. These Town homes are priced right and should appeal to just about any Salt Lake new Home Buyer that insists on affordability as well as quality in their neighborhood.  Midvalley Station offers two styles of New Construction Town Homes (with plenty of features and upgrades to select from). For an investment of under $190,000 and the time to wait for their home to be built a home buyer will get two bedrooms w/ 2 baths and a one car garage. For about $10,000 more, you get an a 3 bedroom 2 bath Condo @ Midvalley Station where you can pick the colors as you watch it being built. In a hurry? Need an immediate move in? There ...
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By Gordon Sloan, Salt Lake Homes For Sale, Salt Lake Real Estate
(Group1 Real Estate, selling houses in Salt Lake City Utah )
Imagine, A New Salt Lake home for under $165,000. Then look at Parkview @ Riverwalk and find New Condominiums & Town Homes  for sale at real prices, for every pocketbook. Parkview is in Midvale UT, connecting to West Jordanon the West and up against Murray Ut on the North. Starting in the low $160s, Parkview has something for every one. Three bedroom 2 bath Condos that appeal to single moms and first time home buyers as well as 3 bedroom 2 and a half bath Town Homes for move up buyers and empty nesters. About The New Condominiums at Parkview @ Riverwalk: Every Parkview Condo has three bedrooms and two baths w/ walk in closets, and an open spacious feeling that complements a larger than expected living room and luxurious master suite. Condos at Parkview @ Riverwalk are very affordable, s...
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By Alan Barker
(Boomerang Leads)
Midvale experienced a large decrease as well, selling 20 less homes.  122 homes are currently on the market so inventory is over one year in length.  Homes in Midvale experienced price decreases as well, with the average price dropping 13.32%, below $200,000.
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
The time to consider a Short Sale is when your Mortgage is considered to be in default, one or more payments have been missed.  There are a number of solutions available to remedy the situation: ·         Short Sale/Payoff ·         Forbearance agreement ·         Loan Modification ·         Deed in Lieu of Foreclosure A Short Sale occurs when a borrower sells their property for an amount that is less than the amount owed to the lender.  To qualify for assistance the borrower needs to prove that they are experiencing a substantial financial hardship.  A hardship is a situation that has life changing effect for the borrower that results in an in-ability to pay the mortgage debt in either, short or long term: ·         Separation or Divorce ·         Medical Bills ·         Inability to w...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
The time has come when you have decided that you must sell your home.  Before you place a "For Sale" sign in front of your house there are few things you need to consider to help make the sales process run smoothly and efficiently.  Listed below are a few things that you should consider when discussing the sale of your home with your Realtor. Time Frame It really depends on where you live in the country, but most Realtors consider spring to be the best time for selling a home.  The weather is usually getting better families are starting to make plans for the summer and the following school year.  Reports state that the slowest selling months are usually during January and February.  Most important is to discuss with your Realtor, the current state of market and how that will affect the ...
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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)
Number of homes in Midvale sold decreased 40%.  Price the homes were sold at also went down a significant amount. Median sold price of Midvale homes is down 17.7% and average sold price is down 16%.  Midvale has the highest inventory turnover in the county at 19 months.  It is definately a buyers market right now.  
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
By: Robert A. Hulme - Realtor - Loan Officer When it comes time to purchase a new home there is nothing more important than having Good Credit.  The first thing a lender will do is review your credit report.  The credit report is a history of money you have borrowed in the past and how you have repaid those debts.  It contains a list of debts such as credit cards, car loans, and other loans.  It also contains other public records such as liens or bankruptcies.  Your credit report is constantly being updated and most of the information is deleted from you record after 7 years (10 years for bankruptcies). This credit information is then used to help generate a computer driven number that indicates your risk to lenders.  This is what is called your Credit Score. No Credit? It is very impor...
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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 note that...
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By Alan Barker
(Boomerang Leads)
Median sold prices remained the same in 2008 for Midvale at $199,000. There was a dramatic decrease in number of homes sold from 416 to 251 but there are 6.74 months of inventory so the situation isn't too bleak.  Prices have currently climbed a little and there are 141 homes for sale in Midvale. These numbers are not official.
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We still are having a low percent of new listings being SOLD.  Currently (41.79)% 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 Gordon Sloan, Salt Lake Homes For Sale, Salt Lake Real Estate
(Group1 Real Estate, selling houses in Salt Lake City Utah )
 Midvale UT Homes for Sale Information For Oct, 08 is provided by Group1 Real Estate for clients looking to buy or sell a home in the Salt Lake Valley in the near future.  The information is designed to provide timely and important Real Estate statistics to those looking to evaluate Real Estate trends about homes for sale, prices for Midvale Homes/Condos, Homes listed in Midvale and an overview of distressed properties. IE: Bank Owned, HUD Homes, REOs, Homesteps, & Short Sales. These housing statistics are compiled by the Wasatch Front Regional MLS, and are a composite of all the homes listed for sale by local Realtors. The scope of this report is all of the homes for sale, and condominiums listed for sale in Midvale Utah. Assessments of other cities and towns along the Wasatch Front th...
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By Alan Barker
(Boomerang Leads)
Half Way through 2008 115 different residential properties were sold in Midvale. These sold homes had a median price at $200,500 and an average price at $210,900. On the market there are 168 homes for sale in Midvale Ut. The median price of these listings is $237,500 and the average price is $245,786.  Compared with the second quarters sales rate where 22 homes were sold per month, it will take 7.6 months to eliminate the present supply of housing inventory if no other homes in Midvale were listed. This is better than the northern Utah average of 9.2 months. Because of the large supply of moderate and starter homes, Midvale real estate will continue to sell, although some sellers will have to lower their prices to beat out the competition.
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By Alan Barker
(Boomerang Leads)
Some unofficial real estate sales stats for '07.In 2007 there were 237 single family homes sold. The average price was $230,452 and the median price was $219,950.� The average time on market was just 33 days. There were also 169 condominiums sold. The average price of Midvale condominiums was $174,171 and the median sold price was almost $160,000. Right now there are around 100 homes in Midvale that are listed for sale on the Multiple Listing Service (MLS); including condos and single family houses. The average price of houses on the market is $275,000 and the median price is $250,000. Like most of Utah, the actives are priced substantially higher than the 2007 sales. The percentags in Midvale is not as out of line as  Salt Lake County as a whole.
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