[VIDEO] Highland Utah Real Estate Mareket Update | 1st Quarter 2013

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Highland Utah real estate is off to a great start this year (2013). Home values are rising, more building is going on and with Adobe and other buisinesses coming in, 2013 is shaping up to be a great year for Highland. Let’s take a quick look at the key indicators for the 1st quarter of 2013 as compared to 2012. You can watch the video or scroll down to read.

Highland 1st Quarter 2013

MEDIAN SALES PRICE:

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The median sales price jumped 5.7% from $350,000 in the 1st quarter of 2012 to $370,000 this year. This is good news for Highland homeowners and we will probably see prices continue to rise during the 2nd and 3rd quarters of this year.

TOTAL NUMBER OF HOMES SOLD:

The total number of homes sold in Highland Utah stayed almost the same the last 3 quarters hovering between 35 and 37 units sold.

TOTAL NUMBER OF HOMES LISTED:

Homes for sale in Highland took a significant jump by 58% from 57 to 90 homes listed in the 1st quarter. This is the largest number of homes listed in the 1st quarter since 2009.
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DAYS ON MARKET:

The number of days that homes stay on the market before selling dropped 20% from 86 to 69%. There are many buyers in the market right now and any well priced home is selling quickly and for top dollar.

If you’re interested in seeing the market statistics for Utah and Salt Lake county click on the link below.

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