Tuesday, May 24, 2016

To Rent Or To Buy... That Is The Question!


BUYING:

Advantages:
Property builds equity
Sense of community, stability, and security
Free to change decor and landscaping
Not dependent on landlord to maintain property

Coniderations:
Responsible for maintenance
Responsible for property taxes
Possibility of foreclosure and loss of equity
Less mobility then renting

RENTING:

Advantages:
Little or no responsibility for maintenance
Easier to move

Considerations:
No tax credits
No equity is built up
No control over rentincreases
Possibility of eviction



Shauna Quick
Realtor
Exit Realty Success
801-550-4419
shaunaqsellshomes@gmail.com
www.shaunaqsellshomes

Tuesday, May 3, 2016

The Market Is Hot In Salt Lake County!

The Avenues Ranks No. 1 in Highest Wasatch Front Home Prices
Demand for housing remained strong in the first three months of 2016, but a limited supply of inventory pushed sales down, according to the Q1 Housing Report of the Salt Lake Board of Realtors®. Buyers are looking for more affordable options and moving to condos and townhomes. There were 2,569 single-family homes sold in Salt Lake County in the first three months of 2016, a 2 percent decline compared to 2,614 sales in the first quarter of 2015. Condominium sales increased to 730 units sold, a 1 percent increase compared to 720 sales a year ago. New listings of homes fell to 4,994 in the first quarter, down 8 percent from 5,406 new listings a year earlier. In Salt Lake County there is currently less than a four-month supply of housing inventory (based on sales trends of single-family homes over the past year). The top five most expensive ZIP code areas across the Wasatch Front in the first quarter for single-family homes were: the Avenues (84103) $451,000; Emigration Canyon (84108) $437,500; Draper (84020) $431,750; Holladay (84124) $413,500; and Sandy (84092) $399,900. Four of these five areas in the first quarter saw a drop in home sales. Only the Avenues saw sales rise. The median price of a single-family home in Salt Lake County climbed to $271,400 in the first quarter, up 6 percent compared to $255,000 in the first quarter of 2015. Condo prices increased 5 percent to $188,250 from $179,650 a year ago.




Shauna Quick
Realtor
Exit Realty Success
801-550-4419
shaunaqsellshomes@gmail.com
www.shaunaqsellshomes.com