Daybreak Annual Home Sales Data for 2013

If you own a home in Daybreak then 2013 was a pretty good year for you. The median sales price for Daybreak Homes rose over 20% to $269,500. This was on the back of strong home sales which increased from 296 sales in 2012 to 356 in 2013. Homes were also selling faster, dropping from a median of 63 days to 37 days to go under contract.

Home Sales Data for 2013

Homes Sold 356 (296)

Median Price $269,500 ($252,250)

Median Days on Market 37 days (63)

Figures in brackets are for 2012.

While these are great sales figures and the best we have seen for several years the market did show signs of slowing towards the backend of the year. This slowdown seemed to co-inside with the jump in interest rates, and to this point it has not recovered to the same level seen at the start of the year.

Trela is a Salt Lake Realtor who lives in the Daybreak community. 

Salt Lake Home Prices on the Rise in May 2013

Salt Lake home sales were again strong in May 2013, with 1,196 homes sold, the most seen since May 2007. On the back of strong single family home sales prices continued to rise, increasing 16.23% to $249,900. Sellers in the current market are in a strong position, getting on average almost the full asking price, with the median asking price of $250,000 and a median sales price of $249,900.

One piece of bad news for buyers is the recent increase in interest rates. The more interest rates go up the less buyers can afford, which may do one of two things. Those buyers that have been on the fence may decide to get in before it’s too late, or may just decide not to bother at all.

Salt Lake County May 2013 Single Family Home Sales

Median Home Price: $249,900
Homes Sold: 1,196
Median Price Per Square Ft: $102.76
Median Days on Market: 14 days

Use our MLS search to find Salt Lake Homes for Sale. Blog post written by Trela Bird, your Salt Lake Real Estate expert.

Strong Salt Lake County Home Sale for February 2012

Home sales in Salt Lake County saw a sharp rise in Feb. 2012, increasing over 26% to 818 homes sold. The median home price for the month was $176,250, a slight rise from last months $174,000. Homes are also selling faster, especially in the more popular areas like the 9^th and 9^th area of Salt Lake City. The median number of days it took to sell a home was 74 days, dramatically down from the 111 days it took this time last year.  

These figures are very encouraging, and point to the start of a recovery in the real estate market. If they continue in this manner then it will only be a matter of time before home prices start to turn around and produce gains rather than loses.  

Total Sales 818
Median Sales Price $174,000
Median Sq. Ft. 2,122
Median Price Per Sq. Ft. $82
Median Days On Market 75

October Home Sales Up, Prices Down In Salt Lake County

October Salt Lake County home sales were up from 737 in 2010 to 992 in 2011. While this is great news, in the same timeframe median prices decreased from $205,000 to $185,000, a fall of 9.76%. Compared to September 2011 prices actually saw a modest 3.93% increase. The median price per sq, ft. was $83.61 (compared to $83.88 last month and $91.37 last year).

The good news is that prices have remained pretty consistent since Feb 2011, when they hit $183,000. Another positive sign is that the time it takes to sell a home is also on the decline, falling from 82 days in 2010, to just 73 in October 2011. We are also continuing to see increased activity in the Salt Lake County housing market, with November sales looking like they will be considerably stronger than those in 2010.  

Total Sales 992

Median Sales Price $185,000

Median Sq. Ft. 2,129

Median Price Per Sq. Ft. $83

Median Days On Market 73