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WINDERMERE NEWS

4 REASONS WHY BUYING OR SELLING ISN’T A MATTER OF IF, BUT WHEN? Note: It’s important that we give credit to a valuable resource who has provided us with our information. KeepingCurrentMatters.com (*KCM)

Many now realize that it is a great time to buy a home. This

month we want to look at why it might also be an opportune time to sell your house. Here are the Top 4 reasons we believe now may be a perfect time to put your house on the market.

1

FALL, 2013

UPDATE SALT LAKE COUNTY REAL ESTATE SEPTEMBER STATISTICS (9.1.13 - 9.30.13) 4,566 Active Listings Average Listing Price $283,503 Average Sold Price $237,997 Average Days On Market: 84

DEMAND IS HIGH:

The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed a 17.2 percent increase in sales over July 2012; sales have remained above year-ago levels for 25 months. There are buyers out there right now and they are serious about purchasing.

Continued on following page

Additional Statistics for the 3rd Quarter inside

2

SUPPLY IS BEGINNING TO INCREASE

3

INTEREST RATES ARE RISING

Total housing inventory in August rose 5.6% to 2.28 million homes for sale. This represents a 5.1-month supply at the current sales pace, compared with 4.3 months in January. Many expect inventory to continue to rise as 3.2 million homeowners escaped the shackles of negative equity in the last 12 months and an additional 1.9 million are expected to enter positive equity in the next 12 months. Selling now while demand is high and before supply increases may garner you your best price.

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year mortgage have increased up to 4.57% which represents a jump of more than a full point since the beginning of the year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will continue to climb.

Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

4

NEW CONSTRUCTION IS COMING BACK

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the corner. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers.

AN INVITATION FROM WINDERMERE TO YOU The amount of reasons why you might consider selling your home varies from family to family. You might find yourself asking; What can we gain from selling now and what could be lost by waiting to sell? There are many important factors to be considered when listing your home and a REALTOR® can be the help you need to find those important answers.

Accept this invitation to contact your Windermere Real Estate Agent anytime you have a question about your property. We have the answers to your questions and can make selling your home be the most effective move you could make this quarter.

Q3 2013 FAST FACTS

FIRST TRACKS OPENING DAY

Davis, Salt Lake, Utah and Wasatch County

PROPERTIES SOLD

7,272 Wasatch Front, Salt Lake, Utah and Davis County

AVERAGE DAYS ON MARKET

58

The average number of days it took to sell a Utah home.

NEW LISTINGS

11,296 There was a 25% increase when compared to 3rd Qtr in 2012.

ALL AVERAGE SOLD PRICE

12% This is the percentage of increase compared to 3rd Qtr in 2012.

PARK CITY AREA RESORTS CANYONS SKI RESORT

November 29th

DEER VALLEY SKI RESORT

December 7th

PARK CITY SKI RESORT

November 23rd

WASATCH FRONT RESORTS ALTA November 22nd SNOWBIRD December 7th SOLITUDE November 23rd BRIGHTON November 13th

UTAH AREA RESORTS BEAVER MOUNTAIN December 13th BRIAN HEAD RESORT

November 15th

EAGLE POINT December 30th POWDER MOUNTAIN

November 29th

SNOWBASIN November 28th SUNDANCE December 13th WOLF MOUNTAIN December 13th Opening dates were gathered through resort web sites.

These Fast Facts Were Compiled From the Wasatch Front MLS for Salt Lake, Utah, Davis and Wasatch County.

CHERYL STALEY REALTOR® 801.455.6650 Cheryl.Staley@Comcast.net

6955 Union Park Center, Suite 500 Cottonwood Heights, UT 84049

In today’s hot market so many great opportunities are popping up. If you or someone you know is thinking about buying, selling or just needs friendly advice, please give me a call. I would appreciate the opportunity to put my knowledge and expertise to work for you.

Consider recycling this newsletter.

RECENTLY SOLD

RECENTLY SOLD

I Represented the Buyer 1732 South 600 East, Salt Lake City | Listed at $249,900

RECENTLY LISTED and SOLD

2888 Berkshire Cir, Magna | Listed at $149,900

I Represented the Buyer 1721 Garfield St, Salt Lake City | Listed at $389,900

RECENTLY LISTED and SOLD

552 Pugley, Salt Lake City | Listed at $214,900