The LEAST EXPENSIVE Home Sold in Utah This Week
There are those who say trying to buy a home in Utah right now is like trying to date somebody at Dixie College back in the 90's.
Basically everyone is too good looking for you and your budget for a date to Fiesta Fun just ain't gonna cut it.
According to BuildingSaltLake.com (full article)
"Home prices ticked up in Salt Lake County in the third quarter despite a rapid slowdown in home sales driven by interest rates that are at their highest point in the past two decades.
The median single-family home cost $594,125 between July and September, 1 percent higher than the same time in 2022, according to UtahRealEstate.com. That’s 38 percent more than the national median sales price for single-family homes, according to the Federal Reserve.
The median price for condos fell 1 percent, to $410,000 in Salt Lake County."
The good news is, there are some places that are still somewhat affordable. You just have to be willing to live in a van down by the river.
Here's the cheapest place sold in Utah over Thanksgiving:
An A-frame cabin in North Sanpete...for $140K.
I could see moving into this cabin as long as it had good internet and a flushable toilet. Who needs to live in civilization anymore? Everybody just works at home and hides from their neighbors anyway.
By the way, if you're into Utah real estate this Isaac Walbeck is a fantastic resource.
Let me know in the comments if you'd live in a cabin out in the woods.