Home Sales Rise in Salt Lake County, Outlook Positive for Salt Lake City Real Estate

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Home sales in Salt Lake County rose by 15.3 percent in the first quarter of 2010, reports leading area Realtor Mike Polich. The outlook for Salt Lake City real estate is positively promising for the rest of the year.

You can expect Utah and its metro areas to be among the first places to show signs of recovery.

First quarter single-family home sales in Salt Lake County rose by 15.3 percent compared to the same period in 2009, reports leading Salt Lake Realtor Mike Polich, while condo sales climbed by 26.8 percent. Median home prices, on the other hand, continued their downward trend throughout January to March.

“While the federal tax credit certainly played a role in the increase in the number of home sales in Salt Lake County,” says Polich, “this positive trend also indicates that buyers are regaining their confidence in the market. Salt Lake City real estate hasn’t been this affordable in years and this, along with still-low mortgage rates and a larger inventory of homes, is particularly appealing to homebuyers.”

Recently named one of Forbes magazine’s “Best Places for Business and Careers,” Salt Lake City is a thriving urban center that serves as the larger metro area’s cultural, commercial and educational hub. The options and opportunities here are numerous and wide-ranging, whether it’s in entertainment, employment, or Salt Lake houses for sale. Moreover, Utah as a whole was just ranked as the state with the best economic outlook in Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index.    

“The country may not be out of the woods yet in terms of the economy,” says Polich, “but you can expect Utah and its metro areas to be among the first places to show signs of recovery.”

For more information on real estate in the Salt Lake area, including Millcreek homes for sale, drop by Polich’s new website, http://www.YourCoachMike.com. Just recently launched, the site is a valuable resource for buyers and sellers in Salt Lake City and the surrounding area, with neighborhood news and community resources, foreclosure and financing information and custom property searches and home value reports.

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