WEST VALLEY CITY
SALT LAKE COUNTY
MONTHLY AREA REPORT
NOVEMBER 2017 | SINGLE FAMILY HOMES
Mavis McAffee, MBA
SRS, PSA
Cell: 801-347-2660
mavis.mcaffee@utahhomes.com
http://www.ut-real-estate.com

SALT LAKE COUNTY | WEST VALLEY CITY    Share
MARKET SUMMARY
November 2017 | Single Family Homes
Market Month to Date Year to Date
Summary November 2017 November 2016 Percent Change Year-To-Date 2017 Year-To-Date 2016 Percent Change
New Listings 96 100 -4%  1380 1481 -6.82% 
Sold Listings 78 111 -29.73%  1130 1201 -5.91% 
Median Listing Price $263,500 $224,000 17.63%  $244,200 $219,888 11.06% 
Median Selling Price $264,600 $223,500 18.39%  $245,000 $219,000 11.87% 
Median Days on Market 19 16 18.75%  11 11 0% 
List/Sell Price Ratio 100.2% 99.9% 0.27%  100.2% 100% 0.21% 
Average Listing Price $269,995 $232,383 16.19%  $252,988 $228,516 10.71% 
Average Selling Price $269,355 $231,690 16.26%  $253,267 $228,246 10.96% 
Average Days on Market 42 25 68%  28 30 -6.67% 
SOLD AND NEW PROPERTIES (UNITS)
November 2017 | Single Family Homes
Sold Properties | Number of properties sold during the year
New Properties | Number of properties listed during the year.

SALT LAKE COUNTY | WEST VALLEY CITY
MEDIAN SALES PRICE AND NUMBER OF SALES
November 2017 | Single Family Homes
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
November 2017 | Single Family Homes

Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

SALT LAKE COUNTY | WEST VALLEY CITY
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE
November 2017 | Single Family Homes
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
November 2017 | Single Family Homes


Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of month.

SALT LAKE COUNTY | WEST VALLEY CITY
PROPERTIES FOR SALE AND SOLD PROPERTIES
November 2017 | Single Family Homes
AVERAGE ASKING/SOLD/UNSOLD PRICE
November 2017 | Single Family Homes
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties | Number of properties sold.
Unsold Price | the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price

SALT LAKE COUNTY | WEST VALLEY CITY
ABSORPTION RATE
November 2017 | Single Family Homes
MONTHS SUPPLY OF INVENTORY
November 2017 | Single Family Homes
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

The statistics presented in the Area Report are compiled based on figures and data generated by IDC global for the benefit of Coldwell Banker Residential Brokerage. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. IDC global obtains its data from various sources and has not been, and will not be, verified by Coldwell Banker. All information should be independently reviewed and verified for accuracy. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage cannot and will not investigate or verify the accuracy of the data accuracy. Data maintained by the MLSs may not reflect all real estate activity in the market. Owned by NRT LLC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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