All Forum Posts by: Alan Walker

The pattern is the same for all four counties, higher prices, fewer homes sold. Days on market increased mostly due to the late start in 2020 due to COVID. This Q4 felt a bit more seasonality as things are maybe, kind of, almost back to normal.

Our astronomical appreciation is holding steady month over month through the second half of 2021. All four Wasatch Front counties are above 20% appreciation with Davis County leading the pack at 30% median home price appreciation from December 2020 to December 2021.

Its a great time to own real estate.

Final market of the moment for 2021. Bittersweet for sure. We are now below 150 houses for sale on the MLS under 700,000 for Salt Lake County.

I don’t have a crystal ball, but I think its safe to say we can only go up from here. Maybe its time to pre-sell my upcoming 7 flips.

Happy new year to all of you! See you in 2022.

If this market was a diamond, it’d be the diamond the old lady threw in the ocean in Titanic. Its just going down down down. This week’s actives are at 170 homes under 700,000 in all of Salt Lake County. Days on market are trending up, but still hot. 

So what do you think? Are we getting a present or a lump of coal this year?

The market is so skinny right now…….How skinny is it? The market is so skinny that if it was a person it would start hoarding toilet paper, batteries and jars of peanut butter because the zombie apocalypse is just around the corner. I’m not sure what a zombie apocalypse looks like if you’re a house, but I’ll leave that up to your imagination.

The Fed announced that it plans on THREE interest rate hikes next year. If you are thinking of buying or refinancing, NOW IS THE TIME.

Be honest, is it time to start stacking shipping containers and calling them lofts?

They say that the holidays are the worst time to go on a diet. I mean, who is going to take celery sticks over cookies anyway? Well, nobody told the market because gurl, she gettin' SKINNY. Like revenge body skinny. Under 250 active homes on the MLS in Salt Lake County under 700,000. Days on market are still 5 and under, which means, as soon as something is listed, its quickly under contract. If all you want for Christmas, yes that is totally a Mariah Carey reference, is a house, you better get to steppin!

Ho Ho Ho, now that we’re officially in Christmas season, the market has given buyers a lump of coal.

Who knew so many buyers were naughty?

We’re under 300 homes active on the market in Salt Lake County under 700k. Days on market are low single digits.

That tells me that while sellers are taking time off for the holidays, buyers are trying to buy themselves the best Christmas present ever, a home!

Now where’s that mistletoe………..

The lowest appreciation we’ve seen along the Wasatch Front is 18%. Let me restate that, the LOWEST appreciation increase was 18%.
Let that sink in.

The market is experiencing a standard holiday slow down. But a slow down does not mean a pull back on price.

The Fed has threatened to raise rates as soon as March 2022.

Get in this market while rates are so low.

Today is the day to eat leftovers, watch Netflix and loosen your belt. The market however has tightened its grip on inventory. We are just above 300 active homes in Salt Lake County under 700,000.
It's true we always expect a tightening during the holidays, especially when snow hits the ground. This puts us back to where our inventory was earlier this year, in the land of 30 offers on a property.
Hard to say if that kind of hysteria will be back in place due to the holidays or if people buying in December, January and February are just more likely to get a home.

I’m gonna pull out some Kenny Loggins here and badly sing “Highway to the DANGER ZONE”. If you are under 30, Kenny Loggins was a singer and that was from the original Top Gun. And yes, I listened to the cassette on my yellow Sony Walkman.

We are back down to 400 homes available under 700,000 in Salt Lake County. We are experiencing some slow down on the seller side (less homes being listed as we head into the Holidays) yet buyer demand is as strong as ever with all price points tracked under a week on the market.

I have 8 flips going on right now and normally I am hesitant to do too much work in November and December because we end up listing in January and February. From the looks of it 2022, is going to be another STRONG year for real estate in Utah. I’m not worried about being able to sell during winter.