Daybreak (South Jordan, UT)
About Daybreak (South Jordan, UT)
Daybreak is a true master planned community. Projecting a 15 year build out, on over 4000 acres, bordering West Jordan on the North, and Riverton UT on the South, this South Jordan Real Estate gem projects over 13000 homes will be built, supporting better than five million square feet of office space and almost 2.5 million square feet of retail shops. New Home products offered @ Daybreak include affordable Condominium/Townhomes for the first time home buyer, smaller houses for empty nesters, and executive homes of more than a half million dollars.
By Trela Bird, Realtor, Salt Lake City Utah
(Urban Utah Homes & Estates)
The basic law of economics says that if you have more buyers than sellers then the price goes up, and that’s just want happened in the 2nd quarter 2017. Continued low homes for sale inventory levels forced up Daybreak Home Prices in the 2nd quarter, with the median sales price increasing 6.3% to sit at $329,000.With fewer homes on the market the total number of homes sold in the quarter saw a decline of 13%. While the median time taken to put a home under contract fell 15.79% to 16 days.Median Sales Price: $329,000 up 6.3% Total Sales: 153 down 13.07% Median Days on Market: 16 down 15.79%The single family home section of the market performed strong, with a 9.14% increase in median sales price. The new median sales price stood at $388,000, compared to $330,000 for the entire Salt Lake Co...
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By Trela Bird, Realtor, Salt Lake City Utah
(Urban Utah Homes & Estates)
The next Daybreak village is nearly ready to launch, with Highland Park Village due to open on the 20th May 2017.Highland Park Village will be the first village located on the west side of Mountain View Corridor, and will feature smaller more affordable homes.While villages on the eastside are located around the lake, the west side villages will be located around the Loop. The Loop is a network of parks and nature that meanders around the community, with biking lanes allowing for easy and safe access. Also coming to this phase will be the hub, a combination pool, bakery and community information station. There will be 5 different home builders for the village including a new appearance from Fieldstone Homes, and 6 different styles of home. The focus is on sorimaller more affordable home...
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By Trela Bird, Realtor, Salt Lake City Utah
(Urban Utah Homes & Estates)
The Daybreak real estate market continued to perform well in the 1st quarter 2017 with home prices seeing a 9.07% to stand at a median home price of $323,949. This follows the general trend we are seeing throughout the Salt Lake Valley, with a shortage of homes on the market helping to force up prices and create keen competition among home buyers.The shortage of homes listed for sale was reflected in the total number of sales which declined over 21%, with 96 Daybreak homes sold.The one data element that does not seem to follow trends was the median days on market which actually climbed 50% to stand at 36 days (still a pretty good number).  This anomaly could have been caused by a sudden closing of a number of homes that had been listed for an extended period of time, its certainly not s...
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By Trela Bird, Realtor, Salt Lake City Utah
(Urban Utah Homes & Estates)
There has been much talk recently about the subject of Radon but what is it and is it a problem in Daybreak?If you did not know Radon is the leading cause of Lung Cancer after smoking. It’s a colorless and odorless gas found usually at low levels, especially in home basements and is created by the natural breakdown of uranium is rock, soil and water.Now we know what it is, how do we find out if your home as a problem. Well the easiest way to check is at the time of your home purchase, your home inspector will be able to tell you if a mitigation system is already in place, and if not they should be able to perform a radon test for you. The test involves plugging in a piece of equipment which takes Radon readings over a number of days.For those people who already own their home a home tes...
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By Trela Bird, Realtor, Salt Lake City Utah
(Urban Utah Homes & Estates)
The Daybreak real estate market experienced another strong year in 2016. The median sales price for a home rose 6.06% to stand at $315,000 , which is above the Counties median of $265,000. While the number of resale listings coming onto the market remained consistent with those seen in 2015, the actual number of sales rose sharply, with 12.85% more homes sold in 2016. Homes that sold took a median of 23 days to go under contract, which was 36% faster than 2015, but still slower than the median for Salt Lake County which stood at just 14 days.Median Sales Price: $325,000 up 6.06% Total Sales: 597 up 12.85% Median Days on Market: 23 down 36%If we break down the data by property type we can see that Single Family Homes and Townhomes both showed strong sales and median sales price increases...
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By Trela Bird, Realtor, Salt Lake City Utah
(Urban Utah Homes & Estates)
Home sales prices continued their upward momentum in the 3rd quarter 2016.  A 5.21% rise in the median sales price for a Daybreak home saw the median price for the quarter stand at $326,136. With the number of new listings coming on the market taking a decline (down over 12%), buyers had fewer homes to choose from, which no doubt fueled price increases and competition among buyers. There were a total of 160 sales in the quarter, down 2.44% from the same time last year. A new listing took a median of 25 days to go under contract, which while well above the Salt Lake County median of 12 days, is still a very good number and is a drop of over 24% when compared to last year.Median Sales Price: $326,136 up 5.21%Total Sales: 160 down 2.44%Median Days on Market: 25 down 24.24%When we look at t...
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By Trela Bird, Realtor, Salt Lake City Utah
(Urban Utah Homes & Estates)
The 2nd quarter 2016 was another good quarter for the Daybreak real estate market, with the median home sales price climbing 4.30% to stand at $310,000. This price increase was on the back of increased home sales of 175, up an impressive 10.76%.The amount of time it took to put an home under contract dropped to a median of 19 days, a sure sign of a really strong real estate market, and nearly 60% better than the same time last year.Median Sales Price: $310,000 up 4.20%Total Sales: 175 up 10.76%Median Days on Market: 19 down 57.78%When we break down the sales by type of property, we see that the median sales price was strong across all home types, with single family homes up 8.90%, Townhomes up 8.55%, and condos up 5.21%. The total sales figures told a slightly different story, with stro...
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