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Real Estate | Salt Lake City Housing Market Outlook

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By admin | December 12, 2017 | 0

Winter daytime shot of Salt Lake City. Featured is the temple from the Church of Jesus Christ of Latter Day Saints or the Mormons

Utah has been seeing excellent growth in the past few years. As a result of the booming banking industry, world-renound tourist destinations, and a surge from millenials and the younger generations approaching the milestone of buying their first homes, the real estate industry is doing very well! According to the US Census Bureau, from April…

 

According to the US Census Bureau, from April 2010 to July 2016, the state of Utah and Park City have seen about 10% growth, with Salt Lake City landing at 3.9%.

In addition to positive growth, houses have appreciated more than 28% above the national average over the past year, increasing home values by $19,225 on average.

Real Estate investments are proving to pay off for home buyers in the state of Utah for a variety of reasons, and there is very little argument to suggest that this will change. A possible future Olympic bid only adds to the allure of another monumental surge in tourism, and a record snow season in 2017 brought in an overwhelming surge to the local resorts, especially Park City.

Saavy real estate agents have the ability to capitalize on the current trends and help first time home buyers find their first home. However, dealing with this issue may not always be easy, as inexperienced home buyers need a little hand holding through the process. The easiest way to eliminate some of the burden is through accurate listings and representations of homes. A well written, beautifully displayed listing can alleviate some of the pains associated with constant on-site meetings, qwerky questions, and poor representations of homes in poorly lit, cropped images. Using a real estate photography company is an essential part to a proper listing.

If you’re interested, Atmosphere Tours has the best packages in Utah and would love to help you sell your next home. You can check out our packages here.