I’m asked almost daily, where are the short sales around Salt Lake City? Folks have heard that buying a distressed property is a great way to get the best deal in a SLC home.

Buying a short sale or a pre-foreclosed home is not for the faint of heart. Working with home sellers that are about to lose what was once their biggest asset, and the family anchor is no picnic. Trying to get a lender to accept less than what they are owed is adversarial to begin with, and when you need to deal with 2 banks, as is often the case, each day starts with problems.

But those problems are for another post.

Lets deal with where we can find short sales if we have the stamina to get a great deal on a Salt Lake City pre-foreclosure.

With all the talk of the sub prime mortgage problems, bailouts and a declining Real Estate market in general, I thought it might be helpful to see just where those homes were located and which areas of the Salt Lake Valley were more likely to turn up the best “deal” for a home buyer, or Real Estate Investor.
Here is a current list of the number of pre foreclosed homes (short sales) in Salt Lake City,  by city, listed on the MLS

West Jordan:
Homes For Sale 504
Short sales 237
Percentage 47%
W. Jordan Houses Sold in last 30 days 93

South Jordan:
Homes for Sale 366
Short Sale Homes 88
Percentage 24%
South Jordan Houses and Condos Sold in last 30 days 65

Sandy:
Homes for sale 500
Problem homes 131
Percentage 26%
Sandy UT Homes Sold in last 30 days 103

Murray UT:
Homes for sale 204
Problem Homes
Percentage 24%
Homes & Condos Sold Murray in last 30 days 30

Riverton:
Homes for sale 191
Problem homes (short Sales) 75
Percentage 39%
Houses Sold in Riverton last 30 days 37

Herriman Utah:
Homes for sale 218
Short Sales 72
Percentage 33%
Sold in Riverton last 30 days 25 Houses

Salt Lake City:
Homes for sale 1663
Short Sales 339
Percentage 20%
Salt Lake City Homes & Condominiums Sold Last 30 day sales 271

West Valley City:
Homes for sale 449
W.V.Short Sales 214
Percentage 48%
House Sales last 30 days 92

So…… based on these numbers supplied by the Wasatch Front Regional Listing Service, (MLS), the answer to where are the short sales in Salt Lake City is West Jordan, Riverton and West Valley City. At least those have the highest percentage of short sales among the listing inventory.

For a complete list of all the Salt Lake City and surrounding area homes for sale check out my website and select either Salt Lake Homes, for EVERYTHING listed no matter who the listing agent is, or  just short sales and distressed houses. There is no registration needed, and since we update daily you should come back often.

We would love to show you some of these homes, or discuss a strategy for you to take advantage of a real “buyers market”. You can call at 801-567-0946.

Give us a call if you want more information about Short Sales in Salt Lake City Utah.