Archive for October, 2008

* Halloween is going to suck this year!

 Happy Halloween!

* Weekly Foreclosure Hotsheet (10/28/08)

——————————————————
*161 New Listings for the week of 10/28/08. List also includes all ’short-sale, as-is, and distressed owner properties.

Counties: Salt Lake, Utah, Davis, Weber, Box Elder & Cache Counties

For more info or to schedule a preview call 801-589-7288. You can also send your request to info@northernutahhomes.com
——————————————————

mls # Price Bd/Ba SqFt YrBlt Street City
842782 $1,825,000 5/5 7,377 2007 BEECHERS BRO Draper
842629 $949,900 7/7 9,329 1996 STAFFORD Provo
842299 $899,900 4/4 6,505 2006 GRAY FOX Draper
841784 $795,000 8/7 8,787 2007 SHORT Draper
841836 $699,999 4/4 7,630 2008 3550 Bountiful
842359 $655,000 5/4 5,207 1979 DIMPLE DELL Sandy
842856 $639,999 4/4 5,919 2006 TIMBERLINE Highland
842026 $639,900 3/3 4,350 2008 CORBIN CREEK Salt Lake City
842245 $619,900 3/3 5,200 2007 VINE BEND Murray
841896 $599,900 3/3 5,640 2005 EVENING BREE Draper
842222 $599,900 4/3 5,000 2008 VINEBEND Murray
842819 $599,000 4/4 4,774 2007 CRESTWOOD Pleasant Grove
842381 $583,900 4/3 4,260 1998 RIVER Eden
841984 $579,000 3/3 6,929 2007 AVERY Highland
842598 $550,000 7/5 3,978 1997 WOLF RIDGE Eden
841728 $549,900 4/4 4,859 2006 HARVEST OAK Draper
841992 $549,900 3/2 4,300 2007 CORBIN CREEK Salt Lake City
842017 $549,900 3/2 4,345 2008 4950 Murray
842179 $549,900 4/4 6,175 2007 TIMPANOGOS Cedar Hills
842213 $549,900 3/3 4,345 2008 4950 Murray
842220 $549,900 2/2 4,400 2008 VINEBEND Murray
842227 $549,900 3/3 4,665 2008 4950 Murray
842228 $549,900 3/3 4,110 2008 4950 Murray
841534 $535,000 6/6 5,304 2007 JOHNS Sandy
842223 $519,900 3/3 4,088 2008 4950 Murray
842192 $465,000 5/3 4,052 1991 PAIGE Salt Lake City
842027 $455,000 6/4 4,502 2006 DEXTER Farmington
841908 $449,900 5/3 4,864 2007 RED LEAF Draper
842607 $449,900 5/3 3,504 2003 TRIMBLE CREEK West Jordan
841851 $439,500 5/4 5,366 2007 EAGLE NEST Lehi
842854 $439,000 5/4 5,466 2007 WAYNES Alpine
842099 $410,000 5/3 5,214 2006 10305 South Jordan
842862 $402,333 6/4 4,919 1978 5370 Highland
841740 $399,900 4/2 5,413 2008 2250 Lehi
841761 $399,900 4/3 5,282 2007 2250 Lehi
841806 $399,900 4/3 4,399 2006 WATERBRIDGE South Jordan
841971 $399,900 3/2 5,140 2007 EMERY FOREST Riverton
842036 $399,900 1/3 5,494 2007 2280 Lehi
842133 $399,900 4/3 3,334 1995 HIDDEN SPRING Sandy
842413 $399,900 6/3 4,242 2005 550 Syracuse
842784 $399,900 3/3 4,949 2006 QUAIL RUN Lehi
 

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841509 $399,000 4/4 4,564 2007 350 Pleasant Grove
842711 $394,900 3/3 3,930 2005 EAGLE CLIFF Sandy
842783 $383,500 4/3 4,173 2006 LONG RIDGE Herriman
841834 $379,990 4/3 5,619 2004 MEADOW Mapleton
841685 $379,900 5/4 5,859 2006 EAGLE NEST Lehi
841768 $379,900 1/3 5,448 2007 2250 Lehi
842461 $379,900 4/3 4,290 2008 SUN FLOWER Saratoga Springs
841794 $375,000 6/3 4,254 1999 THUNDER Riverton
841860 $374,900 6/1 3,294 1998 MOUNTAINSIDE Bluffdale
842501 $370,000 4/3 3,899 2007 ASPEN TRAIL Riverton
842107 $363,500 3/3 3,740 2006 AMBER IVY Riverton
842503 $358,000 3/3 5,692 2008 WINDY Riverton
842687 $358,000 4/4 6,217 2008 BOULDER RIDGE Riverton
841872 $354,000 6/5 5,395 1997 HIDDEN HOLLO Orem
841490 $350,000 4/2 3,290 2007 SADIE Salt Lake City
841435 $349,900 4/4 4,234 2001 1200 American Fork
842072 $335,000 4/3 4,461 2006 DESERT SAGE Herriman
842786 $334,900 5/3 6,061 1989 320 Orem
841681 $330,000 3/2 3,319 2008 175 Kaysville
842091 $329,900 5/4 4,300 1986 MISTY Sandy
842353 $325,000 3/2 1,968 1939 BROWNING Salt Lake City
842641 $320,000 4/3 2,963 2004 MUIRWOOD Herriman
841466 $319,777 3/2 3,648 2006 EVENING SIDE Herriman
841611 $311,000 5/3 3,750 2007 1990 Spanish Fork
841539 $300,000 5/4 3,624 1995 8175 Sandy
842288 $300,000 6/4 3,138 1971 CHURCHHILL D Alta
841520 $299,999 2/2 2,993 1973 NORTH FORK Liberty
841843 $299,950 5/3 3,394 2004 MURDOCK Pleasant Grove
842210 $299,900 3/2 1,272 1950 BUTTERNUT Salt Lake City
842434 $299,000 5/3 4,328 2003 1600 Mapleton
842117 $297,900 5/3 3,000 2006 TICKLEGRASS West Jordan
841633 $290,000 4/3 5,651 2008 14300 Herriman
841537 $285,000 6/3 2,940 2005 SEMINOLE Cedar Hills
841613 $279,900 3/3 9,072 1969 POLK Ogden
842270 $279,900 4/3 4,246 2006 FRANKLIN Eagle Mountain
841624 $276,000 4/4 5,952 2008 LOG HOME Herriman
841468 $275,900 3/2 3,600 2006 MORENA Herriman
841629 $275,000 4/3 4,954 2008 LOG HOME Herriman
842347 $275,000 4/1 3,631 2006 3475 West Haven
841742 $274,900 5/3 3,512 1996 PENNY West Jordan
842373 $270,000 3/3 2,826 2005 SORRENTO West Jordan
842279 $269,900 4/3 6,193 2008 MCKINNLEY PA South Jordan
841787 $268,000 4/2 3,588 1973 DAVIS Bountiful
842703 $260,000 4/4 3,600 2006 350 Spanish Fork
841550 $259,000 4/4 2,250 1994 1800 South Weber
842345 $259,000 6/3 2,590 1982 10180 Sandy
842242 $250,000 3/2 2,195 1970 500 Huntsville
842662 $240,000 5/4 3,000 1997 1525 Layton
842466 $239,900 5/3 3,000 1942 EMPIRE Salt Lake City
841831 $237,000 5/3 2,310 1975 KATHY West Valley City
842224 $234,900 3/3 2,819 2003 WINDSTONE South Jordan
842351 $234,900 3/2 2,224 2003 1440 Provo
841845 $232,000 4/2 2,250 1964 3160 West Valley City
842792 $229,000 5/3 2,175 2008 1825 Lehi
841853 $224,000 4/2 2,080 1972 3200 West Valley City
841481 $220,000 3/2 2,978 2005 CEDAR WOOD South Jordan
841708 $219,900 4/4 3,517 2003 LAMONT LOWE Herriman
842563 $219,900 6/3 2,468 1974 8085 Sandy
842803 $215,900 3/2 1,675 1993 ATHENS West Jordan
841776 $215,000 3/4 2,816 2006 1835 Clinton
842573 $215,000 4/2 1,392 2005 HAWORTH North Salt Lake
842232 $213,900 3/3 3,444 2001 TINAMOUS Eagle Mountain
842054 $209,900 4/3 3,600 2006 950 Spanish Fork
842075 $209,900 3/2 1,590 1999 3030 Spanish Fork
842300 $208,000 3/2 1,442 1994 4165 Salt Lake County
841666 $205,000 5/2 1,994 1993 6580 Salt Lake City
842613 $205,000 3/3 1,821 2006 WILLOW GREEN Farmington
842804 $200,000 4/2 2,516 2005 500 Santaquin
842458 $199,900 4/3 1,804 2006 BELVEDERE Layton
841957 $199,000 2/1 1,207 1906 LAKE Salt Lake City
841802 $189,900 5/3 2,134 1993 DESERT VISTA Salt Lake City
842230 $189,900 4/2 2,336 2003 BRIDLE FARMS West Valley City
842565 $189,900 4/2 1,678 1990 SPARROWTAIL West Jordan
841473 $189,777 4/2 1,843 1978 GRIZZLY GULC Taylorsville
842669 $187,500 5/2 2,076 1960 SAGE Orem
841592 $185,000 4/4 1,850 2002 PROSPECT Salt Lake City
841698 $185,000 3/2 2,076 1963 1950 Taylorsville
841394 $184,900 4/1 2,120 1997 MARCREST West Valley City
842008 $184,900 2/1 1,924 1935 WESTMINSTER Salt Lake City
842705 $180,500 3/1 1,841 1912 DOWNINGTON Salt Lake City
 

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842267 $179,000 4/2 1,686 1938 ROBERT Salt Lake City
842734 $175,000 2/1 702 1954 JONES Murray
841642 $174,900 4/4 2,338 2006 SHALLOW WAT Eagle Mountain
841558 $174,233 3/3 1,280 2006 BOULDER CRE Herriman
841517 $172,900 3/3 1,601 2001 PROSPECT Salt Lake City
842266 $172,000 4/3 1,839 1994 1425 Layton
841464 $169,900 4/1 2,282 1959 300 Bountiful
842455 $169,000 3/2 2,175 2006 LAKE FALLS South Jordan
842589 $168,900 4/2 1,858 1985 JOSHUA West Jordan
841811 $160,000 4/2 1,910 1972 4180 Salt Lake City
841579 $159,900 4/3 1,838 1977 3800 West Valley City
842492 $159,900 4/2 2,072 1972 4400 West Valley City
842048 $159,000 4/2 1,888 1978 SIR PHILIP Salt Lake City
842039 $154,500 3/2 1,176 1954 4900 Kearns
841965 $150,000 4/2 1,888 1974 HIGATE Salt Lake City
842153 $150,000 3/2 1,228 1959 3100 West Valley City
842497 $149,900 6/2 2,464 1962 JULIA Magna
842578 $149,900 2/1 1,365 1950 COTTAGE Sandy
842430 $143,900 3/2 1,544 1984 BARNFIELD West Valley City
842540 $140,000 3/1 1,153 1923 400 Spanish Fork
842512 $139,900 4/2 1,850 1971 2675 Roy
841833 $135,000 3/2 1,700 1956 800 Spanish Fork
842247 $134,000 4/2 1,972 1958 HAWTHORNE Layton
842208 $132,000 3/2 1,244 2002 MORNING STAR Saratoga Springs
842362 $130,000 4/1 1,440 1943 EMERY Orem
842643 $128,800 2/1 1,170 1911 DOWNINGTON Salt Lake City
841893 $125,900 3/1 1,903 1956 5255 Salt Lake City
841408 $125,000 2/3 1,720 1998 425 Clearfield
841844 $125,000 4/1 1,920 1982 5500 Roy
841920 $119,000 4/1 2,128 1976 1200 Salt Lake City
841670 $114,500 2/1 818 1997 1080 Orem
841654 $104,900 3/1 1,259 1954 RANCHO Ogden
842240 $99,900 2/1 858 1917 PAXTON Salt Lake City
841655 $98,000 2/1 1,750 1922 DOXEY Ogden
842552 $94,900 3/1 2,022 1919 34 Ogden
841795 $85,000 3/1 1,452 1895 CANYON Ogden
842046 $84,900 3/1 952 2005 CAPITOL Ogden
841962 $82,900 6/3 2,620 1912 24TH Ogden
841535 $69,900 3/1 1,164 1962 COLUMBIA West Jordan
841978 $52,500 4/2 1,733 1930 HIGHWAY 8991 Logan
 

Receive New Foreclosures Daily!    click here >

 
Source:  Wasatch Front Regional Multiple Listing Service
 
*Please note, not all listings are bank foreclosures.  Mixed in are all as-is, short sale, and distressed owner properties.  Once in a while a listing will slip by us that doesn’t fit any of those categories and shouldn’t be on this list.  If you would like more detailed information about any particular listing, call 801-589-7288.
 

Thanks for being part of the NorthernUtahHomes.com community.

* Affordable Homes Still Getting Multiple Offers along the Wasatch Front

 It seems that all we hear about anymore is how bad the housing market is.  Unless of course you’re talking to a real estate agent.  And asking a real estate agent if it’s a good time to buy is like…, well…, it’s like asking a real estate agent if it’s a good time to buy…ha, ha.

Jokes aside, there’s no question that real estate has softened here in Northern Utah.  The numbers speak for themselves (see September statistics).  Additionally, short sales and bank foreclosures continue to flood our market daily. 

So you would think that this is the perfect recipe to snag a screaming deal, right? …maybe.  This may be the case if you’re looking to buy a higher end or luxury home.  But if you want in on a well priced home under $250k, you might find yourself fighting for it.

That’s been the case for 3 different buyers that I’ve been helping over the last few weeks.  One looking for a condo within driving distance to Salt Lake and the other two are house-buyers in Weber County. 

You know, it’s tough enough just finding the right place for you and your family to call home.  But when you discover that there are multiple offers on the home that you want, it can turn an already emotional experience into a minor nervous breakdown. 

Ok, that might be a little dramatic, but all in all it’s frustrating to say the least.  And not just for the buyers.

The buyers agent wants to help secure the property for their clients.  The trick is to determine the right offer price.  Not too high, not too low.  It’s not always easy, but often I’ll coach my clients with notes that I wrote on an earlier post about how to determine the right offer price.

The seller’s agent wants to net the seller as much money as possible.  However, they must handle the multiple offer process in a way that doesn’t upset the competing buyers to the point that they lose a sale all together.

The seller wants the buyers to create a bidding war which typically drives the price upward, however, if for whatever reason the sale fails to close, it’s unlikely that the other buyer will still be around.

Anyway, in short, there still seems to be a pretty decent demand along the Wasatch Front for homes that don’t break the bank.  Last month, home sales under $250,000 made up 68% of all homes sold in Davis County and 74% in Weber County.

In contrast, the upper end market is hardly seeing offers at all.  There were only 14 out of 245 sales over $400,000 in Davis County for the month of September.  Similarly, Weber County had only 8 out of 237 sales over the $400k mark. 

This news may be a little disheartening if you’re trying to sell your home on the hill.  But if you’re a buyer that wants to trade in that starter home for something bigger and a bit more lavish, the tide has turned in your favor and you should take advantage of the opportunity at hand.

* Weekly Foreclosure Hotsheet (10/21/08)

——————————————————
*145 New Listings for the week of 10/21/08. List also includes all ’short-sale, as-is, and distressed owner properties.

Counties: Salt Lake, Utah, Davis, Weber, Box Elder & Cache Counties

For more info or to schedule a preview call 801-589-7288. You can also send your request to info@northernutahhomes.com
——————————————————

mls # Price Bd/Ba SqFt YrBlt Street City
840021 $1,150,000 8/6 9,157 2008 PHEASANT RIDGE Alpine
841031 $999,000 6/4 5,773 2004 SOMERSET RIDGE Draper
841220 $995,000 7/6 7,703 2008 SHORT Draper
841283 $799,000 4/4 7,310 2008 3550 Bountiful
840116 $775,000 7/6 6,149 2006 2000 Salt Lake City
841238 $750,000 5/4 9,187 1993 1450 Springville
840554 $699,900 5/4 7,390 1996 ROCKY MOUTH Draper
839923 $650,000 4/4 6,381 2006 CRESTWOOD Pleasant Grove
840108 $625,000 5/4 6,278 2007 EAGLE NEST Woodland Hills
839880 $530,900 8/4 5,428 2002 RAMBOUILLET South Jordan
840586 $499,000 4/4 4,459 2006 MANILLA Draper
841191 $499,000 6/4 4,181 2006 9600 Highland
840255 $495,000 5/4 4,897 2007 3050 Lehi
841344 $480,000 4/3 4,336 2006 BELLEVUE Draper
840897 $479,900 6/6 5,215 1976 SUPERNAL Salt Lake City
841247 $479,000 4/3 5,764 2008 14300 Herriman
841234 $450,000 7/6 5,900 1996 CANYON Springville
840367 $439,000 4/4 4,548 2008 300 Pleasant Grove
840438 $429,900 5/3 4,599 1999 2550 Lehi
840494 $419,900 5/4 5,554 2006 MAN O WAR Bluffdale
841332 $413,900 6/2 4,718 1889 300 Alpine
840639 $411,900 4/3 5,214 2006 LAUSANNE Highland
840238 $405,000 5/4 3,756 2001 KENSINGTON Highland
841372 $400,000 4/5 6,062 2008 LOG HOME Herriman
840192 $399,900 5/3 4,750 1998 COVENTRY North Salt Lake
840416 $399,900 7/5 4,837 2007 1420 Provo
840693 $399,900 4/3 3,808 2007 EAGLE CLIFF Sandy
840419 $399,000 7/5 4,007 2006 CUCHARA Herriman
840713 $399,000 5/3 4,419 2006 ALDEN VIEW Herriman
840905 $399,000 7/6 4,518 2006 MISTY SAGE Saratoga Springs
839898 $391,900 4/3 3,919 2007 3375 Layton
839922 $391,000 4/3 4,468 2005 PALE MOON South Jordan
840070 $384,900 4/3 4,319 2007 CANYON LINKS Highland
840411 $384,900 7/3 4,049 1998 TOM SHOEMAKER Draper
840118 $379,900 7/4 4,181 1991 ROCKVIEW Sandy
840204 $375,000 6/4 3,516 1997 BRIGADOON PAR West Jordan
840950 $375,000 5/3 4,915 2006 SUMMIT RIDGE Herriman
841000 $375,000 8/4 3,642 2008 SIENNA DUNE South Jordan
841271 $361,625 6/6 5,665 2007 SUNRISE American Fork
839973 $360,000 4/4 4,036 2006 FALLEN OAK Kearns
840104 $360,000 3/2 3,754 2006 340 American Fork
840627 $349,900 4/3 3,518 2008 200 Layton
840045 $349,000 4/3 4,220 2007 MEADOWSIDE Saratoga Springs
839998 $330,000 5/3 3,238 2003 RENAISSANCE Springville
840625 $329,900 6/3 3,986 1994 OLD FARM Fruit Heights
840078 $320,000 5/4 3,535 2005 MEADOW Saratoga Springs
840239 $309,800 5/3 4,386 2006 GRANDVIEW Providence
840799 $305,900 4/3 3,330 2001 LONE OAK Draper
840066 $299,900 6/3 3,144 1997 1050 Layton
840281 $299,900 3/2 3,741 2006 ROUND ROCK Herriman
840378 $299,900 3/2 3,729 2006 COTTAGE CANY Cedar Hills
841272 $299,900 5/3 3,080 1957 WILSHIRE Salt Lake City
840967 $299,000 3/3 2,934 2007 BROOKINGS Draper
841230 $299,000 3/2 4,329 2007 8000 Willard
840710 $289,900 3/2 2,690 2005 8090 Saratoga Springs
841333 $280,000 5/4 3,854 2000 BOGEY South Jordan
840428 $279,900 3/3 3,440 2000 SHAGGY PEAK Riverton
840972 $279,900 5/3 2,288 2002 WAKEFIELD West Jordan
841083 $275,000 2/1 1,413 1919 800 Salt Lake City
841376 $269,900 4/3 3,577 2005 2970 Lehi
840412 $269,000 3/2 1,648 1947 ELM Salt Lake City
840714 $259,000 4/3 2,106 2006 825 Lehi
841189 $254,900 3/3 2,775 1987 4200 Hooper
840635 $239,900 6/3 3,506 1994 7975 South Weber
840708 $235,000 3/2 2,690 2005 8090 West Jordan
840488 $226,000 3/3 3,520 2007 BADGER Saratoga Springs
839992 $220,000 4/3 2,228 1999 950 Springville
841195 $219,900 4/2 2,240 1994 350 American Fork
840601 $217,000 5/2 3,118 1964 1640 Logan
840680 $215,000 3/2 2,750 1997 830 Payson
841217 $209,900 5/3 2,665 2006 1155 Nibley
840643 $209,000 6/3 2,616 1987 DONALBAIN South Jordan
840147 $205,000 3/2 2,572 1999 130 Santaquin
840858 $200,000 5/4 2,589 2005 HAVEN Lehi
840138 $199,900 4/2 1,914 1986 CAPERNAUM West Jordan
 

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840280 $199,900 4/3 2,340 1962 MINT GREEN Salt Lake County
840700 $199,800 4/2 2,650 1997 PARK VISTA West Valley City
840785 $199,500 3/2 2,173 2004 MALISSA Herriman
840544 $199,000 4/2 2,346 1999 KITTIWAKE Eagle Mountain
841183 $199,000 3/2 2,086 1921 RAMONA Salt Lake City
841135 $195,900 3/1 4,624 1986 10050 Highland
840429 $195,000 4/3 2,281 1958 600 Murray
840952 $192,900 3/3 2,284 2005 EISENHOWER Salt Lake City
840719 $191,900 4/2 2,454 1972 300 Midvale
840679 $190,000 5/3 2,524 1989 6400 West Valley City
840141 $189,900 3/3 2,114 2003 LOWER NEWARK West Jordan
840304 $189,900 4/3 4,316 2007 SUMMIT Eagle Mountain
840612 $189,900 3/2 1,604 1985 SAKURA West Jordan
841160 $189,000 3/2 1,620 1896 BUENO Salt Lake City
840787 $186,900 2/3 2,652 2007 CUNNINGHILL Eagle Mountain
840288 $184,900 4/2 2,325 1902 1700 Salt Lake City
840666 $184,900 3/3 2,462 2007 CUNNINGHILL Eagle Mountain
840686 $184,900 3/3 2,133 2007 CUNNINGHILL Eagle Mountain
840587 $183,900 3/3 1,949 2007 CUNNINGHILL Eagle Mountain
840025 $180,000 3/2 2,155 2005 EISENHOWER Salt Lake City
840287 $179,000 3/1 1,402 1925 CENTER Murray
840457 $179,000 5/2 1,914 1999 AUTUMN Eagle Mountain
840502 $175,000 3/3 1,294 2007 SILTSTONE Herriman
840495 $174,900 4/2 1,660 1999 3975 Roy
841233 $174,900 4/3 2,020 2006 CENTURY Ogden
840575 $172,900 3/3 1,949 2007 CUNNINGHILL Eagle Mountain
840602 $172,900 3/3 1,978 2007 CUNNINGHILL Eagle Mountain
841120 $170,000 4/2 2,309 1977 1200 Clearfield
840352 $169,900 3/2 2,025 1928 1ST Midvale
840615 $169,900 3/3 1,949 2007 CUNNINGHILL Eagle Mountain
840775 $169,900 3/3 1,978 2007 CUNNINGHILL Eagle Mountain
840965 $169,900 5/3 2,084 1986 1510 Riverton
841206 $169,900 3/1 1,351 1937 300 Sandy
841077 $169,000 4/3 2,130 2000 PARKERS Eagle Mountain
841094 $169,000 4/3 2,408 2003 HARBOR PARK Saratoga Springs
840140 $165,000 3/3 1,256 2002 PINES POINT West Jordan
840500 $164,900 3/2 2,306 1998 4750 Roy
840675 $160,000 5/3 2,576 1974 3100 Roy
840784 $160,000 3/1 1,700 1999 CANAL BANK Garland
840642 $159,900 4/2 1,700 1984 MOKI West Jordan
840819 $157,900 3/3 1,720 1997 KILT ROCK West Valley City
840127 $154,900 3/1 1,339 1978 HAMMON Syracuse
841142 $154,900 3/2 1,180 2007 1000 Pleasant Grove
839881 $154,700 4/3 1,610 1994 2750 Roy
840385 $150,000 4/2 1,828 1972 URANIUM West Jordan
841276 $150,000 5/2 1,824 1956 240 Orem
840537 $149,900 3/2 1,458 1996 4750 Roy
840128 $149,000 5/2 1,949 1989 250 Layton
840376 $149,000 5/2 2,376 1957 4975 Roy
840005 $140,000 4/2 1,693 1970 600 Layton
840804 $140,000 3/3 1,632 1976 YORKSHIRE South Jordan
840731 $136,000 4/2 1,920 1985 3700 Roy
840130 $132,000 3/3 1,350 2006 450 Logan
840838 $125,000 3/1 1,856 1948 JACKSON Ogden
840956 $125,000 4/2 1,728 1938 200 Santaquin
840323 $120,000 3/1 1,232 1965 6550 Uintah
841207 $120,000 2/1 1,200 1900 PARK Salt Lake City
840344 $119,321 3/2 1,352 1984 3950 Roy
840357 $119,000 1/1 1,894 1882 100 Providence
840984 $109,900 2/2 1,190 1994 1260 Logan
841275 $109,900 3/2 1,560 1936 22ND Ogden
840464 $104,999 3/3 1,410 1980 GLENDON Murray
840184 $99,900 3/2 1,000 1995 BUENA VERDE Magna
841323 $99,000 3/2 1,922 1963 13TH Ogden
840610 $83,000 3/1 2,376 1917 ADAMS Ogden
840994 $79,900 2/1 1,402 1911 PINGREE Ogden
840668 $72,000 2/1 1,900 1922 29TH Ogden
840506 $71,900 2/1 735 1941 QUINCY Ogden
840094 $67,900 3/1 1,236 1907 30TH Ogden
840379 $63,900 3/1 1,688 1908 34TH Ogden
 

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Source:  Wasatch Front Regional Multiple Listing Service
 
*Please note, not all listings are bank foreclosures.  Mixed in are all as-is, short sale, and distressed owner properties.  Once in a while a listing will slip by us that doesn’t fit any of those categories and shouldn’t be on this list.  If you would like more detailed information about any particular listing, call 801-589-7288.
 

Thanks for being part of the NorthernUtahHomes.com community.

 

* Banks say “thanks, but no thanks” to Auction Bidders

The recent bank foreclosure auction conducted by Eric Nelson and his team is turning into a disappointment for many. 

According to KUTV news, the banks have turned down every high bid from September 30th’s auction event. 

As I discussed in an earlier post, all final bids were subject to the bank’s final approval.

This surely comes as a shock to many who left the Wells Fargo Tower thinking they’d just secured the purchase of a lifetime.  Many of the properties auctioned that night went for a fraction of what they were estimated to be worth.  Building lots that would normally retail for $220,000 were selling for between $80k-$95k.  Similarly, the single family homes that were auctioned that night brought relatively low prices aswell.

Participants who won high bids however are not always flat out rejected.  Often, if the bank is unwilling to accept a buyers high bid, they will present the bidder with a “counter-offer”, a price that would be acceptable to the bank.  Only, that defeats the purpose, doesn’t it?  or does it?

Some say that the entire auction was a “gimmick”.  An event that is promoted only to spotlight stagnant real estate, bring real buyers out of the woodwork, and then negotiate a mutally agreeable purchase price.   And well, since the banks have apparantly refused every offer, it would be hard to argue otherwise.

Apparantly, the auction bidders aren’t the only ones not feeling the love.  According to KUTV, due to the unprecedented move by the banks, the auction company is out some $50,000 in operations and marketing costs.

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