Salt Lake Board of Realtors President Jillinda Bowers says a lot of the speculation and subprime lending that drove prices up is now gone. "We just needed to re-adjust and narrow that gap between affordability and what people are earning," she said. She said we are seeing prices more like those from 2006 right now. "Buyers aren't buying out of emotion right now. They are not driving by and saying, 'Oh, that's a darling house; I want it.' They are looking for a good deal," she said. Utah County has been hit hard. Home prices there are down 6 percent. Davis County also saw a 4 percent decline. Tooele County, however, saw a 1 percent increase in the median selling price. Some areas of Weber County also saw increases over the last year. "While overall sales were down across Salt Lake County... 10/29/2008

Rumor has it that Herriman is the capital of Short Sales in Utah?  Is that true?  I don't think so, but we are going to see a lot more homes going under Short Sale due to a couple factors.  Herriman had a lot of building especially starting in 2006 so if someone needs to sell their home they probably did a 100% mortgage at the top of the market.  Also it is very hard to find a single family home for under 250K in Herriman, So depending on the house size, condition and location values might have dropped too low.  But more than that Builders are starting to get desperate.  I just wonder why they hadn't seen it a year ago when I had so many buyers wanting to buy, but the builders weren't willing to negotiate?  If you do need to Short Sale give me a call, I've been 100% successful on my sho... 10/23/2008

Herriman has finally adopted a new landscaping ordinance, remember that between your Cc&R's and the Herriman Ordinance, Herriman trumps!  Below are some of the new regulations, always check the city website and your CC&R's as you put in your yard. Landscaping shall include the treatment of the ground surface with live materials such as grass, trees, shrubs, etc. A combination of xeriscape plantings and decorative surfacing such as bark chips, crushed stones, etc. shall also meet landscaping requirements. Landscaping shall be groomed, watered and visually free from insects and weeds. Landscaping shall be maintained to minimize property damage and public safety hazards, and may not obstruct street lighting, sidewalks and traffic sight distance requirements. This landscaping covers all fro... 08/11/2008

Hamilton Farms finally has control over there HOA board, as the newely elected members were voted in this past July.  Many community members came to the meeting on August 5th to discuss their concerns over what has been happening when Fieldstone has had control over the last four years.  The major concerns were in regards to where the finances have been going and what route the HOA is going to take in getting many properties into compliance.  Also volunteers signed up to get on board.  Thank you all for taking the time to come out and if we work together we can bring the community together and look great while we do it! 08/11/2008

Cinema in the Park-August 22nd W&M Butterfield Park- 6212 W 14200 S, movie starts at dusk (9:00 pm).  Come with your family and enjoy a movie at the park!! "School House Rock" -August 26-28 Childrens Productions- Rosecrest Pavilion - W&M Butterfield Park.   Come support our local kids in this delightful childrens production.   08/11/2008

Need to sell your home? Want to spruce it up beforehand to get the best price possible? Below are some tips that help the look. Add some advice on what has worked and what has not for you.- Fresh Coat of Paint - Nothing looks newer than a fresh coat of new paint, two-toning it in neutral colors is always a nice touch- Clean Those Windows - Natural Light is a great way to show your home and it always looks more clean when you can see out the windows.Pick Up Clutter - Anything you don't need put it way, box it up and move it to storage or in a nice corner in your garage. Declutter, declutter, declutter. Look in the kitchen and remove everything you can, the less clutter the cleaner the home looksCarpets Cleaned- Get your carpets cleaned, then request that those looking at the home remove ... 07/31/2008

I am now on my HOA board, I live in a single family residence without any common areas that we are upkeeping, so why an HOA you might ask? The city I live in requires that the developers sell the properties with CC&R's. We finally moved the HOA from the developer to the community and many people are asking why have an HOA?There are pros and cons to having an HOA. The most common misunderstanding is that without the HOA the CC&R's will also be gone. That is not the case. CC&R's run with the land and as long as that piece of land is there, the CC&R's will be there. The HOA's duties are to make sure the community is following the CC&R's to their understanding, yes it does unfortunately go to their interpretation of the CC&R's which can cause some lawsuits. As we know your neighbor might in... 07/31/2008

Perhaps the boom town of Herriman boomed a little too fast. It looks like many of the 426 active listings were purchased by investors who never intended on living in the homes, or builders who built them out of speculation. During the first half of 2008 approximately 220 Herriman Homes listed on the MLS sold. These homes sold with an median list price of 295,000 and a slightly higher average price at $309,000. Currently most of the homes for sale in Herriman are quite a bit more expensive than those that are selling. The median price of homes listed is $375,000  with an average price at $413,000. There are approximately 426 homes on the market. At the pace homes were sold during the second quarter, it will take 10.6 months to exhaust just the present inventory. Lets just hope more peopl... 07/10/2008

Welcome to the Heart of Utah Real Estate monthly real estate market report for Herriman, Utah located in Salt Lake County. As with previous market reports, this report will be broken down into two different sections, one for Single Family Residence's and the second for Condos. Please keep in mind that the real estate market report I have provided is a compilation of a large price range for the entire city of Herriman and should not be confused as being the price in which your home will currently sell for. Also please take note: “SOLD” indicates all the properties that sold during the month of February 2008. “Under Contract” are the properties that have gone through negotiations and are currently awaiting their closing date as of the date I pulled this report (3/08/2008). “Active Listing... 03/08/2008

  Herriman, Utah~Salt Lake County: January 2008 Real Estate Market ReportWelcome to the beginning of my 2008 monthly real estate market report for Herriman City, Utah located in Salt Lake County. This report will be broken down into two different sections, one for Single Family Residence and the second for Condos. Please keep in mind that the real estate market report I have provided is a compilation of a large price range for the entire city of Herriman and should not be confused as being the price in which your home will currently sell for.  Also please take note:  “SOLD” indicates all the properties that sold during the month of January 2008.  “Under Contract” are the properties that have gone through negotiations and are currently awaiting their  closing date as of the date I pulled... 02/21/2008

      Herriman, UT. (84096) 2007 Year End Real Estate Absorption Rate As of 15~ Jan~ 2008 Volume 1 Price Range Sold in past 365 days Current inventory How many months inventory? Below $150k 0 0 0 $150-299,999 207 132 7.65 $300-399,999 115 108 11.27 $400-499,999 57 90 18.95 $500-749,999 18 90 60.00 $750,000+ 6 31 62.00 City Totals 403 451 13.43 SINGLE FAMILY Absorption Data from WFR Multiple Listing Service, content not guaranteed. LEGEND: 0-7 mo. =Sellers Market; 8-11 mo. =Balanced Market; 12+mo. =Buyers Market Herriman City is an increasingly growing city nestled in the Southwest area of Salt Lake County in Utah next to the Oquirrh Mountains. According to the U.S. Census Bureau the population has increased from 2,327 in July of 2000 to 14,643 in July of 2006. Now that is positive grow... 01/20/2008

Just a sweep of the pen and the Herriman city council increased the size of their domain by almost 40%.  If the property owners meet all of the Salt Lake County requirements (they will) Rosecrest will be annexed into Herriman January 1st 2008. That could be a good thing. It could mean "good "growth. Herriman Mayor J. Lynn Crane spoke to the South Valley Journal this month about growth, and the recent challenges of managing the anticipated 20 years of scheduled growth over the last eight years. Quoting the Wasatch Front Socioeconomic Publication the Mayor stated that of the 10,578 residential units approved along the Wasatch front from July 1, 2005 to June 30, 2006, 5817 were issued in Salt Lake County. Twenty per-cent of those approvals (1163)  were granted in Herriman. That same articl... 10/28/2007

Almost forty per-cent of Bluffdale Real Estate will soon be Herriman Real Estate.  Fifty three Bluffdale property owners won the right in court to dis-connect their land and initially annex into Salt Lake County, and then into Herriman. Landowners of Rosecrest are the big players as they have master planned a mixed use development, featuring a wide variety of housing; Single Family Homes, Condominiums, Town Homes with pockets of commercial.  This was in direct conflict with Bluffdales policy of encouraging Large Lot Development, with Animal Rights. I have no Idea who's plan was better, nor which plan better served the public's Interest.  What I do know, is that the real  victory was for the Individual Property Owners, therefore for Property Rights.  That's a real good thing. I'll keep y... 10/08/2007

  New Schools-All the Best                                                                                  Butterfield Canyon Elementary(year round) 6860W. Mary Leizan Lane (13825 S.)                                        Herriman Elementary (year round) 13170 S. 6000 W.                          Fort Herriman Middle School 14058 S. Mirabella Dr. (6200 W.)                     Riverton High School                                                                                               12476 S. Silverwolf Way (2700 W.)  Jordan School District                             Are you considering making a move?  Take a stroll through Herriman, Utah and you will fall in love with the calm country living it offers and find your way into One More Reason to Live in Herriman!!!   Call on Your ... 09/08/2007

Bluffdale / Herriman / Riverton Home & Condo Sales Report Home sales decreased 26% from March 2007 and decreased a dramatic 46% from April 2006. Home values decreased 2% from March 2007 but were up 11% from their April 2006 levels. Days on market shortened by 14% from March and shortened 7% from April 2006.       2006 2007 Change % Homes Sold 9652-46% Average Sold Price $321,414 $355,923 +11% Condos Sold 6 8+11% Average Sold Price $159,762 $214,601 +34% Average Days On Market 45 42 -7% For additional information on Bluffdale / Herriman / Riverton home and condo sales visit our post at SaltLakeSpeaks - Bluffdale/Herriman/Riverton-Market Reports.  05/29/2007

Bluffdale / Herriman / Riverton Utah homes sales plunge 44.92% while values rise 23.97%.The tri-city zone in the southwest corner of the valley has seen the largest slow down in homes sold in the Salt Lake County.The following table compares home and condo sales in Bluffdale / Herriman / Riverton  Utah between March 2006 and March 2007. Please be cautious in making any buy or sell decisions based on a single months analysis. Quarterly and trend analysis are much more meaningful than isolating a single month. But, it is interesting to compare our statistics to what we see in national and regional activity and trends. March 2006March 2007Change %Homes Sold11865-44.92%Average Sold Price$296,362$367,388+23.97%Condos Sold115-54.55%Average Sold Price$183,140$204,996+11.93%Average Days On Mark... 05/06/2007