* 16% of those listings under contract are "short sales"
* At least 26% of the listings under contract are vacant
* The median price of the listings under contract is $192,500
* The median price of active listings is $194,000
* There is an less than 1% disparity between what sellers want to sell their homes for and what buyers are ready, willing and able to pay for a home
If it weren't for the high percentage of "under contracts" that are short sales, Clinton would actually be experiencing healthy real estate market conditions right now.
Source: Wasatch Front Regional Multiple Listing Service
Kim Novak is a Broker Associate with RE/MAX Masters in Salt Lake City and Layton, Utah. She holds a BSBA with an emphasis in Sales & Marketing and has achieved the designations of ABR: Accredited Buyer Representative, CDPE: Certified Distressed Property Expert, CRS: Certified Residential Specialist, CSP: Certified New Home Sales Professional, GRI: Graduate of the Realtor® Institute, SRES: Seniors Real Estate Specialist and ePRO: Internet Professional. Licensed in 1995, Kim has closed over 500 sales during her full time real estate career.
ActiveRain Profile LinkedIn Profile Facebook Me!
