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2013-10-20 08:53:33
About Foreclosures in Salt Lake
About Foreclosures in Salt Lake

A lot of you still want to know about foreclosures in Salt Lake. Good buys on foreclosed homes are hard to find, and according to some sources will become even rarer in the coming months..

Not just here, In Salt Lake City, but all over the country.

Some areas, like Phoenix Arizona, and Las Vegas Nevada have recently had foreclosure listings represent over half of the available homes for sale. They now are showing a substantial reduction in distressed inventory. In some parts of these cities, foreclosures are in the single digits as a percentage of homes listed for sale.

That's true in the Salt Lake City Municipal Area as well . (That would include foreclosures in most of Tooele County).

According to a recent Deseret News article, no city along the Wasatch front has a percentage of over 5.3% (Magna UT), and only Salt Lake City and Tooele reach double digits in the number of foreclosed homes you can buy.

We studied the Deseret News findings, and commented on and combined the 2 most obvious categories, standard foreclosures & HUD Homes that were FHA foreclosed Houses and condominiums. Even then the list was minimal compared to last year, when many cities were in the 20 to 25% range of foreclosures to listings.

There are about  96 foreclosures in the 4645 Salt Lake listings; About 2%. 

Here is our list about the foreclosures in Salt Lake Metro Area:

 

Cities With No HUD Foreclosures:

  • South Jordan Utah   353 homes for sale.
  • Herriman UT             182 listings
  • Murray UT                 206 houses and condos on the MLS
  • South Salt Lake           33 listings

Salt Lake Cities With No Foreclosed Homes Listed

For more information about foreclosures in Salt Lake or how to buy foreclosed homes from HUD, give us a call @ 801-567-0946

 
Posted: Saturday, October 05, 2013 11:13 AM by Gordon Sloan
 
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