Let’s see what the seller has to say about this property.

What do you love about the town where you live?    

Salt Lake is such a picturesque town with the mountains nearby. We have the most gorgeous sunrises and sunsets I have ever seen. The mountains are close enough that you can easily escape from life, even if all you have is just a couple hours to spare. They are great to hike, bike and climb in during the summer, and of course nothing beats our snow in the winter when it comes to skiing. During the summer, outdoor concerts are quite popular with free concerts offered by the city, and Red Butte Gardens and Deer Valley both have concert series that attract some big names and are definitely worth checking out. Salt Lake as a city is down-to-earth and friendly. This is a place where people still know what really matters in life: friends, family and fun. It is a warm and welcoming city to new people and one that will be immensely missed when we go.
What are your favorite grocery stores?    

Harmons is the closest grocery store and it is an exceptional store where you can count on finding quality meat and vegetables at all times. Whole Foods is also quite popular, and Smiths is nearby and perhaps a little better if on a budget. Finally, Liberty Heights is the store to keep in your back pocket for those hard-to-find ingredients, an excellent selection of meats (especially cured) and cheeses, and if you’re a locavore.
What are your favorite restaurants that are close to your home?  

Some of our nearby favorite restaurants include Luganos, Finca, Fresco, Este Pizzeria, Mazza, and The Paris.

 
What were the key points that drew you to the property?    

We were especially drawn to the open design of the house in general and perhaps most importantly the kitchen as these are necessary for successful entertaining. For the size of our home you couldn’t find a better use of space! We also were looking for a place that we could “just move in to” without having to do a lot of updating. We found just that and couldn’t have been happier!
Why people should move to this area; why were you were attracted?

The neighborhood is absolutely adorable! Picture a tree-lined street with unique houses and plenty of kids playing together outside, and you have our neighborhood. We wanted to be in an area filled with people our age and close to downtown, the University where we work, and the mountains. We couldn’t have picked a more perfect spot!

What did you do for interests and hobbies near the property?

We have two dogs and so being so close to Tanner Park which is dog-friendly and an off-leash area has been wonderful. Sugarhouse Park, which is just down the street, is fantastic for running and relaxing, and has the best fireworks in town on the 4th of July. Additionally, we are just off of an entrance to I-80 which means super-quick access to those mountains we all adore!
What are your average utility costs?

Sewer, garbage, water, electric and gas generally ran us about $150 each month. We like to keep the house warm in the winter and cool in the summer.

Hope this helps! If you’re interested in learning more about living in Sugarhouse, or moving into this lovely Sugarhouse home, will you contact us? You can either fill out the form on the website or call 801-859-7509.

The three homes featured are:

353 W Reed Ave

This is a fantastic opportunity for those who will enjoy the benefits of living in a contemporary Green Home in the hip Marmalade neighborhood of Salt Lake City. No detail or system has been overlooked in the construction of this home.
353 W Reed Avenue has been constructed using ICF (Insulating Concrete Forms) and Passive Solar Design. This home is 50% off the grid which means a lower monthly expense for utilities.

249 W Reed Ave

Nice Marmalade location. Front covered porch & back covered patio. Fully Xeriscaped yard with firepit. Updated electrical service. Nice interior updates including recessed lighting, stainless shelving & appliances and newer washer/dryer. 10 foot ceilings and huge windows bring in lots of natural light!

348 W Reed Ave

Amazing remodel in desirable Marmalade area. Enjoy all of the comforts of a new home including an open concept kitchen and great room, granite counters, new appliances, custom cabinetry, 3 bedrooms, 2 full bathrooms, designer paint colors, pantry and more!

You love where you live so invite your friends to be your neighbors and come to Marmalade’s 420 open house party.  There’ll be 3 different homes being held open from 11-2 Saturday 4/20 on Reed Avenue. Come check it out! For more information or directions to the open house party scheduled this Saturday, call 801-859-7509.

1. Keep your Indoor Humidity Low

Having a high humidity level within your house promotes the growth of mold and dust mites within the home, both of which can negatively impact your health. Keeping your home’s humidity under 50% will prevent mold from starting, though it can continue to grow once established even at lower humidities. Make sure that you have proper ventilation in your house in the areas which create steam: kitchens and bathrooms. Also, make sure your dryer ventilation is successfully working to vent said humidity outdoors, where it belongs.

2. Do your Dusting

Dust is an amalgam of pollen, mold spores, skin cells, lint, animal dander, and bacteria, and so it’s important to keep dust off of your surfaces whenever possible. Obviously, it’s impossible to remove all dust from a home, but using a vacuum with a HEPA filter will do wonders here: it traps particulate matter and keeps it from being blown again through the room. Similarly, clean and change your furnace filters regularly to keep as much dust as possible out of the air.

3. Watch your Chemicals

Cleaning products are improving, and many manufacturers have switched to “green” formulas, but it’s still important to keep these cleaning products in mind. Keeping around old paint, pesticides, and other similar products in your home should be disposed of to ensure that they aren’t leaking fumes into your home. Make sure that you dispose of these items properly, as throwing them in the trash will just contribute to the environmental problems you went inside to avoid in the first place.

Taking these steps can make the first step into your home a breath of fresh air!

There were 1300 new listings in January. That is lower than the total of January 2012, but actually significantly higher than December 2012′s number of 834 new listings. This makes sense, as rarely do people want to sell their homes during the holiday season.

The holiday also has an impact on sales: while pending sales rose from December to January (823 to 1,002), closed sales fell (938 to 782). Again, business slows down in December, and since things that go pending in December usually close in January, the closed stats in January are affected. Still, closed sales were up 1% from this time last year, and pending sales were up 8.3%.

The pressure on the market from both sides (listings going down, but sales going up) means that prices have to rice in order to adjust for the demand in the marketplace. Sellers are achieving fully 96.6% of their list price, up 6.1% compared to January of 2012. As a result, the median sales price is up 20.1% from 2012 to 2013, and up about 1 percent from December to January. Again, this is a simple result of supply and demand.

Also a logical result: lower and lower inventory. We hit a 17 year low in inventory last July, and we’ve gone down significantly since then! There are only 3.5 months of inventory on the market, only about 4,000 homes remain. This is very low, and anecdotally, realtors around our office (including those from our team!) are difficult finding homes that match our buyers’ criteria. It’s just difficult to find a good home right now!

The result is actually a good market for both parties: as interest rates continue to rise, home affordability will decrease, meaning that there’s some urgency for interested home buyers to get under contract now. On the other hand, sellers who were previously upside-down may not be any longer! With values up 20%, now may be an excellent time to sell your home to a cavalcade of hungry buyers. For a personal consultation on your situation, give us a call at 801-859-7509.

Let’s see what the seller has to say about this property.

What do you love about the town where you live?    

The Cottonwood Heights area has it all. New kid friendly parks on every block. Thriving retail shops and restaurants. Two freeway options for driving down town I-15 or I-215. The home location at 2275 East 6720 South is centrally located between the 2000 East and 6200 South freeway on ramps. Drive times are fantastic: down town – 15 min, Big Cottonwood Canyon – 4 min, Little Cottonwood Canyon – 8 min, Park City – 20 min. The Winner School (won 2012 Best in State) is 2 minutes away on 6200 South and 2200 East and Whitmore Library is walk able. We’ve also appreciated the new IHC Instacare and children’s doctors offices at 2000 East and 6250 South.
What are your favorite grocery stores?    

There is also an abundant selection of nearby grocery stores: Target, Whole Foods, Ream’s, The Store, Snider’s Meats, Dan’s, Walgreens, all within a 1-3 minute drive.
What are your favorite restaurants that are close to your home?  

Our favored neighborhood restaurants are: The Porcupine Pub Grill, Franck’s , Tuscany, The Cotton Bottom, Primo Restaurant, and Trio.

 
What were the key points that drew you to the property?    

This home is a true one of a kind. Its Mediterranean feel, large arches, columns, fluted trim, and the grand iron stair case railing have always impressed. The surrounding mature pine trees in the front yard are inviting and offer privacy. They’re particularly eye catching in the night when they’re lit up by the outdoor low voltage lighting (motion sensor activated & programmable). The backyard is particularly fun at night, playing music on the outdoor speakers, barbecuing on the patio, and sitting around the fire pit on our lawn furniture. Additionally we’ve enjoyed eluding many hot summer evenings, by spending time in Big Cottonwood Canyon eating dinner and playing alongside the melodic river. One unexpected benefit the home has offered us is the quietness of living on a dead end street. It’s been pleasant having so little vehicle traffic. People entering the neighborhood all have purpose there.
Why people should move to this area; why were you were attracted?

Living near the mountains has many advantages: better air quality, cooler summer temperatures, thriving businesses, freeway convenience, and the ease of spur of the moment mountain adventures.
Anything else you can think of to attract a potential buyer?  

Fantastic neighbors.
What did you do for interests and hobbies near the property?  

Skiing, Snowboarding, golfing, Frisbee golfing, hiking, biking, snow shoeing, all are within minutes of your door step.
What are your average utility costs?

This house is well built and isolated from the elements. Our average utility expense is $165. The natural gas bill and electricity bill are always in balance. The gas bill increases in the winter and the electric bill equally decreases. This balance has always kept our utility budget predictable.

Thank you for considering purchasing our lovely home. Kind regards, Brady Jones

If you’d like to get in contact with Brady, or are interested in seeing inside this home, call 801-859-7509 or contact us on the site!

1. Sales went way up.

Year over year sales increased by 17.4% in Salt Lake County, as homebuyers took advantage of record-low interest rates and improved consumer confidence to make home purchases. In Salt Lake County overall, 13,375 closed sales took place in 2012, compared to just 11,391 in 2011.

2. Home values and sales prices went up.

Because of the increase in home buyer demand, properties for sale went for more money in 2012 than in 2011. The median sales price was $195,000 in 2012, an increase of exactly $10,000 and 5.4% over 2011. This was largely an increase in pricing in the middle-to-low end range, as the average sales price increased a smaller 3.8%. When putting their properties on the market, home sellers got 94.8% of their original list price, compared to just 90.2% last year.

3. Short sale listings went down.

Short sales listings declined in 2012, off of their highs in 2010 and 2011, which is part of the reason sales prices changed less at the high-end than the low-to-middle range. As values increased, fewer people became upside-down on their mortgages meaning fewer short sales. It could also be the case that most of those who were upside down had already completed their short sales by 2012. As a result of this change, the number of total listings also decreased by 7.1%, meaning 18,475 total listings in Salt Lake County in 2012.

4. 2012 set new record lows in inventory.

As a result of the high demand from home sellers, but decreasing listings, the total amount of homes on the market fell. At the end of 2011, there were 5,733 homes on the market, but only 4,023 homes on the market at the end of 2012 (a 29.8% decrease). Furthermore, because of the increased rate of sales, that meant an even larger decrease in the “Months Supply of Inventory” statistic: if no more new homes came on the market in 2013, at current sale rates, the market would have just 3.5 months before emptying out, compared to 6 months at the end of 2011 (a 41% decrease). This means we’re at 17-year lows of inventory, meaning huge demand for new listings on the market.

The result is a pretty unique marketplace: interest rates are still low enough that this is a great time for buyers to buy, but the resulting demand means that sellers can get multiple offers and higher prices for their homes. If you want to know where you fit in, give us a call at 801-859-7509, we’d be happy to let you know what your home is worth or how much home you can buy in this market.