Murray, UT Real Estate News

By Kim Boekholder Utah Real Estate, Broker, Results Real Estate
(Results Real Estate 801.580.5624)
Murray,Utah Homes Statistics for last 30 Days:    Murray,Utah what a great place to live.  I'm writing this as I sit in a model for Discovery Cove.  Upscale living in Murray at its best. Activity over the last 30 days for Murray, UT Single Family Homes: Active 131 Under Contract 41 Sold 19     Condo/Townhomes: Active 124 Under Contract 29 Sold 11   Out of the 255 active listings  146 of them are below 200,000 price range.  Lowest price item on MLS for Murray is 25,000 mobile home w/o land.  Most expensive home listed to date in Murray is 950,000: a home with almost an acre of land.  The listings do not include all of Murray, Utahs inventory, builders and banks sometimes have inventory that is not on the MLS. If you have any questions regarding Salt Lake Real Estate, please contact me.  ...
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By Kim Boekholder Utah Real Estate, Broker, Results Real Estate
(Results Real Estate 801.580.5624)
Babe Ruth Little League World Series in Murray, Utah.    If you haven't been to Murray to watch the 13 year old Babe Ruth Little League World Series, you are missing out!     Murray has been the host of many amazing events over the years and this is one of them.  The baseball games are being held at the Ken Price Ballpark located at 244 E Vine St.  Time is running out and the series is almost over.  Championship game is scheduled for Saturday August 29th @ 1:00.  Sunny skies are in the forecast, come check out one of Americas favorite past times.     Hats off to all the business' that have helped accomodate all the fans, families and baseball players.  Thank you for showing them what a wonderful place Murray is!  Murray a great place to work, play and live   Good Luck to all the teams! ...
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By Mehmet Met Dilsiz
(FND Photography / M2 Real Estate Solutions)
Homeowner Down Payment and Closing Assistance Program for Murray, Utah residents. If you live in Murray (in Utah), this is a great program that may interest you or your friends/family members who would like to live in Murray. The program will be established as a loan program to the families who are in low to moderate income level.  Although the program does not grant the money to the applicants, in 15 years the applicants can apply for 50% of the loan to be forgiven. The loan will be between $5000 and $7500.  However if you live in Murray for 15 years and have the half of it forgiven, imagine how little the value of $2500 to $3750 in 2024.  If you have taken $7500 for your loan, and have the half of it forgiven, all you have to do is to save $13.89 a month and you will have $3750 at the...
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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 )
A Market Report on Murray UT Homes For Sale in Salt Lake reveal some interesting facts about what has happened to the inventory of homes/condos in this small Salt Lake Suburb. Of the 258 Homes listed for sale in Murray, only 147 are single family homes. One hundred eleven were listed as condominiums, Town homes, or attached houses.  Only 57 % of these homes were detached single family homes for sale in Murray UT. Forty three % of the SLC homes for sale in Murray UT are Condominiums. If your searching Homes For Sale In Murray Utah, you need more information on Salt Lake City homes for sale and sold properties.  If you are looking at Salt Lake Homes for Sale in Murray Utah, these are stats you need. Statistics provided by the Wasatch Front Regional Multiple Listing Service for the month o...
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By Alan Barker
(Boomerang Leads)
Murray Real Estate decreased 30% and sold 51 homes last quarter.  Median price decreased close to $10,000 and average price decreased about $15,000.  There are about 144 Murray homes for sale and median price is 14% more than sold price last quarter.
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Closing on a property is a very challenging time for a would-be homeowner.  Being informed, either through your mortgage broker, Realtor, or through self knowledge is the best thing you can be when going through this procedure.  A good Realtor can help you tremendously.  They should know the local market well enough to help you save money in whatever way they can.  Since closing costs are handled differently in different areas, having a professional with experience in that area is your best bet.  They can give you a better idea of what costs are customarily paid by the buyer, and which ones are paid by the seller. The Mortgage Broker you deal with can make a big difference as well.  Have them show you several programs suited to your needs.  There are lots of ways to structure closing co...
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By Utah Real Estate Search Utah County Realtor, Home Listing Partner
(Home Buyer Realty Utah)
Buying a home is a very good investment. As a general rule, homes appreciate about five percent a year.  Some years will be more, some less.  The figure will vary from neighborhood to neighborhood, and region to region.  Five percent may not seem like that much at first.  Stocks, at times, appreciate much more, and you could earn over six percent with the safest investment of all, treasury bonds. Presumably, if you bought a $200,000 house, you did not pay cash for the home.  You got a mortgage, too.  Suppose you put as much as twenty percent down - that would be an investment of $40,000.  At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the first year.  That means you earned $10,000 with an investment of $40,000.  Your annual "return on inve...
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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 Gordon Sloan, Salt Lake Homes For Sale, Salt Lake Real Estate
(Group1 Real Estate, selling houses in Salt Lake City Utah )
  Most of you Know that I am an advocate of buying Salt Lake Condominiums in mixed use developments that are for lack of a better characterization "transit- oriented". This new kind of neighborhood, featuring New Homes and New Condominiums built around transportation corridors (in Utah that would be TRAX) interspersed with shops, restaraunts, basic services and businesses create a lifestyle that I find both appealing and intelligent. Some of those I have written about and my favorites are those built by Hamlet Homes along the TRAX corridor in Murray UT. Condominiums with exciting names like  Birkhill @ Fireclay, Inverness, & Waverly Station. As the TRAX system expands, it will provide transportation to home buyers in West Jordan (it will go right by my Condo @ Vista Montana) and eventua...
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By Alan Barker
(Boomerang Leads)
Sold price of homes in Murray increased when comparing the first quarters of 2008 and 2009.  Average sold price increased 11.5% and median sold price was up 4.35%.  On the other hand, Murray homes sold dropped 30%.  There is an estimated one year of active inventory and 241 current listings.  
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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 )
  Salt Lake New Homes Incentives, and ammenities are real good, if not spectacular near TRAX in Murray UT. Many neighborhoods are being developed to take advantage of the Salt Lake Rapid Transit System and it's link to down town Salt Lake. Most of these are mixed use projects that anchor single family residential, condominiums, town homes, and apartment complexes with an exciting mix of retail and commercial development. Some of these new home choices are under construction or in the planning stages, hoping to be ready when the growing Utah Rail System reaches their projects. That won't do us any good now if we want to take full advantage of all the incentives available. The first incentive, the $8,000  First Time Home Buyer tax credit may or may not be available when some of these hom...
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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 )
Last week we promised to introduce you to more Salt Lake City New Homes for under $200K In Murray UT For those of you looking to take advantage of both the First Time Home Buyer, and New Home purchase Incentives, that seems to be a magic number. In addition to that, if your looking to buy a Condominium, or Town Home, with a cutting edge, maintenance free lifestyle you should look at one of the three communities being built by Hamlet Homes. Birkhill at Fireclay, Huntley Manor, and Waverly Station in Murray UT. After all, It could be worth $14,000. Eight thousand dollars in federal tax credits if you are a First time home buyer, and An additional $6000 (Utah Home Run Grant) if that home is a new home (new construction). Birkhill at Fireclay:Town-homes from the $170s and Condos from the $...
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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 - Utah County, Including Provo, Orem, Pleasant Grove, American Fork, Lehi, Highland, Alpine and Cedar Hills Do I really need Homeowners Insurance? Yes.  Proof of a paid homeowner's insurance policy is required at closing, so arrangements will have to be made before then.  It is important to get an insurance agent involved early in the home buying process he can help you save money.  Insurance agents are a great resource for tips on how to keep insurance premiums low and on information about home safety.
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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 The Home selling price is determined by taking into consideration a number of different factors.  First and probably the most important factor is the selling price of comparable homes in the homes selling area.  Other factors include the current trend in the market, the availability of homes for sale in the area and the urgency of the seller. Obviously, the lower the selling price the quicker the home will sale. Other factors to take into consideration include: •·         Average selling price per square foot of homes in the same area. •·         Major improvements to the home, such as swimming pool and other additions can add to the overall value of the home. •·         Interior and exterior amenities can be beneficial to an increase in sel...
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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 )
Salt Lake is adding more new Murray homes for sale at Fireclay Village near the Trax stop at 4400 South 100 West. Fireclay Village is a 26 acre mixed use project that will join the slightly smaller Birkhill @ Fireclay started last year by Hamlet Homes in Murray UT. We tip our hat to the local governments as well as the Real Estate Developers for making adjustments to the original plans so that development can continue even during these tough economic times. The new plan for Fireclay Villages will include 677 housing units and more than 94,000 square feet of office and retail space.The proposed units would be 3 story town-homes with the bottom floor being either street entry home offices or extra living rooms. The slowed economy has contributed to a much slower development pace than anti...
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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)
Even though the number of homes sold dropped by about 21%, Murray beat the odds seeing both median and average home prices increase from 2007 to 2008. Median sold price reached $195,000 and average sold price got up to $212,772.  There are seven months of inventory, and the current median home prices are 15% higher than what they sold for in 2008.  With 239 active MLS listings, there are plenty of great homes in Murray. These numbers are not official.
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We still are having a low percent of new listings being SOLD.  Currently (12.04)% 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 )
This is a follow up report on Real Estate in Murray UT, about foreclosures and pre-foreclosures. Read that report at Salt Lake Foreclosures. While other areas around Salt Lake may be suffering with a glut of expensive homes that will soon be owned by Banks and financial institutions, we didn't find that to be the case when we analyzed the Condos and Homes for sale in Murray UT. What we found, and what the report will show you is that Murray UT has a very manageable housing inventory in the pre- foreclosure faze. Most of the homes for sale listed as distressed property, IE: Bank Owned Homes, HUD Homes, Foreclosures, and Short Sales will easily be absorbed the through the normal sale of Murray houses/Condos by local Realtors. Here's our Report: Make your Own conclusions: Murray UT,Foreclo...
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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 )
The face of Murray UT. is changing. A New Home concept offered by Hamlet Homes, that provides houses and condominiums for sale in a walkable  community that encourages the utilization of mass transit, will host a grand opening in about 2 weeks. I can hardly wait. It may be your first exposure to a T.O.D. (transit oriented development). It's named  BIRKHILL @ FIRECLAY. It's called T.O.D. (transit oriented development) because all of the new homes for sale are built around or are convenient to commuter rail/bus stations and stops. I'd like to meet you there. lets take a look at the plans for new town homes & condos that are destined to turn 24 acres of Murray City into a unique community with an exciting and convenient lifestyle. Ultimately Fireclay will contain over 330 condominiums and ...
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