![]() ![]() Wasatch Front homes were on the market a median of five days - a slim five days - in the first quarter of 2021, a huge drop from 28 days in the first quarter of 2020.It’s unprecedented.” The dataĬonsider these figures from the Salt Lake Board of Realtors: “It’s absolutely unheard of,” Dave Robison, president of the Utah Association of Realtors, said about Utah’s record-breaking housing trends. The Clewetts’ struggle to buy a home is what thousands of Utahns have already faced in 2021 - a year that’s already shaping up to be one like no other for real estate in Utah, on the heels of an already record-shattering year for Wasatch Front home sales in 2020. “Should we just live in my parent’s basement forever?” “And then it’s just like the thought of, ‘Well, should we just give up?’” said his wife, Bethany Clewett, 27. “There were plenty of times where we were really frustrated with the process, being denied and having been told, ‘Hey, you had a great offer but we found a better one,’” Matthew Clewett, 26, said, “I wouldn’t wish it on anyone.” “It was absolutely insane,” Matthew Clewett said. That’s not even the highest some Salt Lake real estate agents have seen in other cases, with some bids up to $100,000 over asking price, though that’s not too common. Matthew Clewett - who himself is a housing wonk as the public policy director for the Salt Lake Board of Realtors - said their real estate agent told them one house they lost out on went for $60,000 to $70,000 over asking price. They were competitive bidders, but in some cases not competitive enough. ![]() ![]() They were offering above asking prices - $20,000 to $30,000 over. They were open to buying in Stansbury Park in the west, to Saratoga Springs farther south, to Syracuse up north. They were willing to buy anywhere along the Wasatch Front - an area of between 80 miles and 120 miles in length, depending on which northern and southernmost communities one claims. ![]()
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