Frequent transactions spark the Salt Lake real estate market
Economic stability has been seen rippling across the United States, and real estate in Salt Lake City, UT has begun to change hands more frequently than in the past five years.
In the first quarter of 2012, approximately 2,156 homes sold in Utah's most populous county, up 18 percent from 1,830 transactions seen in the first quarter of last year, the Salt Lake Board of Realtors reports.
The effects of an improving housing market are not yet visible in every region of Utah, but some promising signs may influence further activity as 2012 progresses. Improving state and national economies and better job growth may have helped encourage prospective buyers into investing in property, and with low mortgage rates available to qualified borrowers, it's very much a buyers' market in Salt Lake City.
Homeowners looking to upgrade to a bigger home and take advantage of competitive prices may want to consider the Holladay area. Children who attend the local Olympus High School are able to participate in a wide array of athletic programs such as basketball, wrestling and swimming. The school system also offers extracurricular science, drama, creative arts and debate programs for teens who want to expand their academic resume.