The COVID-19 pandemic has been a lot of things—stressful, frightening, restricting—but one thing it has been great for is helping buyers find reasonably-priced new homes. Surprisingly enough, now is the time to buy. Amid the COVID-19 pandemic, Utah had its largest number of home sales in history during July of this year. In fact, inventory is scarce, with multiple offers over asking price. Prices are increasing monthly, so property owners are getting excellent increases in value. With demand looking strong for the next few years, it is a good time to ride the wave.
With that said, there’s no better place to buy than up-and-coming Grantsville, UT, which has plenty of new homes. Buying a home in Utah is one of the smartest things you can do—get all the modern amenities, in a great location, at a fraction of the price. If you want to get in on one of the best deals in America, you should act now.
Enter a thriving housing market
NPR Utah recently reported that despite the pandemic, the housing business is booming in Utah. In fact, as of June 2020, Utah is leading the nation in housing construction permits. That means that homeowners in Tooele City, UT and beyond are sitting on a goldmine of potential.
In fact, it’s one of the hottest markets out there right now. If you’re thinking about buying a home, it’s best to do so now, before the prices rise out of the affordable range. Realtors have noted that this is the hottest market in decades, so you can expect that any investment you make in the Utah housing market will be a good one. The median home price is $373,000—imagine what will happen when prices go up.
Why is the housing market so hot?
During the COVID-19 pandemic, many companies have started work-from-home procedures, which means a lot of people are leaving expensive cities to explore more affordable options. Utah is one of those states.
There’s plenty of new construction in the state to support an exodus to Utah, especially when you consider the great homes available through UpDwell Homes LLC. Building in an existing market is always helpful for home value, but when you add in a real estate flux, there’s a possibility of making a great investment.
Investing in Grantsville, Tooele City and beyond
Are you thinking about buying a home in Utah? New home buyers in Tooele City, UT and beyond should try UpDwell Homes LLC. Our goal is to make homes where you can make many happy memories. We believe every person deserves a better quality of life, which is why our designers and builders work together to make great homes. Whether you’re raising a family, want to live out your golden years in style or something in between, UpDwell Homes LLC can help make it happen.
Visit our website or reach out to us today to learn more about our high-quality homes. We look forward to working with you soon!