Tooele UT home prices are up city by city, but that's only part of the picture.
How does Tooele UT compare to the national numbers about housing sales? I posted this article from my friends @ KCM re/ home sales as they relate to various price ranges.
We all know that real estate is local so these figures don't mean as much as I would like. SO.......I'm digging into the local stats provided by the MLS to see if we can come up with some meaningful figures to give us a better perspective.
Click on this to see what the national market is doing, then scroll down for a peek at local Tooele sales numbers by city.
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory of homes available for sale in this price range but also ...Read More
One other change.
I think the price ranges were too broad in the national study. I like to tighten them up a little. Run some numbers for each city in the County. In other words, 'get real local.The premise stays the same as the national study.
Enjoy... Hope these are helpful.
Sales By City Inc/Decrease:
- Tooele County Down 16%
- Tooele City Up 1%
- Stansbury Park Down 48%
- Grantsville UT Down 43%
- Erda Utah Up 200%
- Lake Point UT Up 300%
- Stockton Down 50%
At first glance it would seem like Real estate in Tooele was in bad shape. However when you look at the next set of stats and see that while number of sales have been going down year over year, prices have been going up.
This could be an indication that the culprit here is a lack of good inventory.
Home Price Increase By City:
- Tooele County 8%
- Tooele City 9.8%
- Stansbury Park 5.8%
- Grantsville UT 11.02%
- Erda 20.3%
- Lake Point N/A
- Stockton UT 5.2%
Looks like Tooele County is worth a look. I'd like to be the one to help. Give me a call! Berna @ 435-840-5029
If you are a home buyer, Now is the time to buy if you know where to look. (you can see all of the homes for sale in Tooele County here). Selling? If you have good inventory, this is the time to get top dollar. While Tooele home prices are up!