The Signs of Recovery are Multiplying

Signs of Utah's economic Recovery have been escalating. The job market is improving, retail sales are increasing, and of course Real Estate sales are up. Jim Wood, of the Bureau of Economic and Business Research at the University of Utah, recently published a report on Utah's recovering economy. In his article (which can be read here) he states that "indicators show that the worst is over"!

Here are some of the highlights from the report:


Job Market:

The number of job openings posted has doubled from a year ago

The amount of job losses has slowed considerably

Unemployment claims are down 13%

Unemployment rate for males in Utah is 4.6% lower than the National Average


Real Estate:

The number of existing home sales has been positive over the past 7 months!

Number of permits issued for new home construction has been positive since June 2009

New home construction in Utah County is up 30%

Eagle Mountain new home construction is up 63%



2010 Projections:

Retail sales are expected to be up 2.9%

Auto & Truck sales are estimated to increase by 10%

Principal exports are anticipated to be up 23%

Contact me for specific Real Estate market statistics. Knowing where and when to buy and sell enhances your real estate success. Become a part of Utah's economic recovery. Act fast to take advantage of free Grant money. Time is running out!

Fastest Growing City in the STATE!

The Gadberry data group recently conducted a study to determine the fastest growing cities in each state. While other cities across the United States have struggled, these cities have seen growth. The study group focused on factors such as an increase in the number of households, income, and houshold net worth, to determine which cities were showing the greatest growth. Their research, published in Business Week revealed that South Jordan is the fastest growing city in the state of Utah!

When outlining reasons for South Jordan's persistent growth, Gadberry states, "Development in this city was fueled by the availability of land and large lots, planned communities, and a charming rural atmosphere. The new Daybreak Community development is expected to attract many more residents." They also mention schools, recreational amenities, scenic areas, and parks as factors leading to the success of South Jordan.

Even during this recession plenty of areas continue to grow. It remains an excellent time to purchase a home and knowing where to buy is crucial. As a local native I can help you find the location that is best for you! Contact me today!

Click Here to view available homes for sale in South Jordan or Daybreak

South Jordan:

Number of housholds: 13,622

Percent Change: +9% since 2008 (+82% since 2000)

Average houshold income: $108,300 (+37% since 2000)

February Hot Spots

Top Places to Buy/Sell a Home in Utah this February

2010 is off to a great start! This January had a higher number of homes sold than the beginning of last year. This continuing trend of growth is demonstrating an increased interest in the housing market. Knowing when to sell or purchase a home is vital to Real Estate success and the demand is highest in Utah's Hot Spots! These are the zip codes and price ranges which have had the most demand and highest success rates last month. Economic improvement begins in Hot Spots and spreads to other areas of the valley. These Hot Spots are the areas that will get top dollar for their home. Purchasing a home in one of these Hot Spots gives you a front row seat to economic recovery.

1. Salt Lake City Zip 84108           Price Range: $100 - 200K
Sales History       Current Homes for Sale

2. Kaysville Zip 84037           Price Range: $100K - $200K
Sales History       Current Homes for Sale

3. Salt Lake City Zip 84054        Price Range: $1000K - $200K
Sales History       Current Homes for Sale

4. Salt Lake City Zip 84108       Price Range: $200K - $250K
Sales History       Current Homes for Sale

5. Salt Lake City Zip 84105       Price Range: $200K - $250K
Sales History       Current Homes for Sale

View History for all Zip codes and Price Ranges Here