Tooele Real Estate Then and Now
I did not know whether to title this post Tooele Real Estate Then And Now, or Whoops!
Going back over some of my old Real Estate posts about the housing market here in Tooele County has been both an eye opener and a humbling experience. how could so many professionals have been so wrong in so many ways?
Looking back, Realtors weren't the only ones to have misjudged the housing market. City planners, budget officers, land speculators, builders and banks are just a few of those that are paid to project growth, missed the fact that homes sales were about to go into free fall, housing prices would soon see double digit decreases, Tooele new home sales would dry up, and the number of jobs in what is called the building trades would vanish.
In fact many of us talked like the supply of people wanting to buy a home or condo in Tooele, Stansbury Park or Grantsville UT would never end.
Here is what it was like, and what I had to say about Real Estate in Tooele, back in 2006.
And of course there is the 'rest of the story' about Tooele Real Estate Then And Now. Which is!
Six years later, Tooele Real Estate had changed, just like the rest of Utah and the country. The average selling price of a home for sale in Tooele Utah has decreased by about $20,000; From $174,000 in 2006 to only a little less than $154,000 in the 3rd quarter of 2012. (The 2006 average price of a Tooele House sold was up 22% from 2005).
In 2006 homes listed for sale in Tooele, condos in Stansbury Park or Ranchettes in Grantsville UT were on the market only 31 days, while the number of days on the market for homes sold last year was 81, the average number of days it took to move the average Tooele homes for sale in the 3rd quarter was over 204.
Maybe that is because the average sale price of the homes for sale in Tooele is $153,943.00, the average Tooele listing price is over $190,000.
So the bottom line is: I'm done predicting just about everything that has to do with Real Estate in Tooele County. Instead we are bringing you this new search tool, that gives you all the information you could possibly need to make your own home buying and Tooele Real Estate decisions.
Well, maybe one more prediction (or 2).
With interest rates the lowest they have been in years, home prices at levels below 2006, and a great selection of Tooele homes for sale, now is the time to buy Tooele Real Estate.
Use our new website to search for that new home in Tooele.................................... It's the best search tool around.
If you have any Utah Real Estate questions give is a call @ 435-840-5029, or just ask us about Tooele Real Estate Then and Now.
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