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About Top Equity Realty
Real Estate Essentials
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Our View of the Quarterly Economic Overview
Following the trend that originated last summer, employment growth in Utah is still showing a gradual decline. Over the course of the last 12 months, the state managed to add 52,600 new jobs, reflecting an annual growth rate of 3.2%. While this marks the slowest percentage increase in jobs since Utah began its post-COVID recovery, there is some improvement compared to the previous quarter, thanks to annual data adjustments that positively impacted early 2023 figures.
The counties included in this report contributed to the job growth, adding more than 38,600 new positions in the past year, showcasing a growth rate of 2.8%. Among these counties, Summit experienced the most rapid employment expansion at 4.8%, whereas Morgan County had the slowest growth, with job levels rising by just 0.7%.
Utah’s unemployment rate in February remained steady at 2.4%, matching the rate observed at the end of 2022. One remarkable aspect is that despite the continuous growth of the labor force, the jobless rate has not seen an increase, which is a highly impressive feat.
Utah Home Sales
Home Sales in the First Quarter of 2023:
- Total of 5,251 homes sold.
- Declined by 21% compared to Q1 2022.
- Sales were 0.2% higher than Q4 of last year.
Year-Over-Year Sales Analysis:
- Across the board, sales experienced a decline.
- Sales rose in Utah and Weber counties compared to Q4.
- In other market areas covered, sales fell.
Home Inventory Impact:
- The number of homes for sale dropped by one third compared to Q4 2022.
- This makes any increase in sales particularly impressive.
Pending Sales and Future Projections:
- Pending sales increased by 38.3% from Q4.
- This suggests potential further rise in closings during Q2 2023.
TER’s real estate reports, data, forecasts, and market trends for Utah are offered for informational use; we strive to and will attribute with a link if found helpful if needed to verify information. Areas include Northern Utah, SLC, Wasatch Front, and Park City.
What our Clients Say
Dear Jay, What can Scott and I say? You are such a wonderful agent and now friend. None of this would’ve happened without you – and we know it! Scot and I have repeatedly said “ You’re the best Real Estate Agent we know!” It’s a little .. ( A LOT) uncomfortable with all your kindness in what you’ve done, including these movers. We can’t thank you enough. Please enjoy 2 dinners. One restaurant we have not yet experienced so hope it’s good! Back 40 is one of our favorites. Thank You, Jay. We will always speak of you in the highest regard.
Scott & Paula
We thought we had the best real estate agent–until we met Jay. Jay was so professional, so knowledgeable, and so thorough. He was always upbeat and positive yet also very down-to-earth and real when needed (e.g., when an offer probably wasn’t that great of an offer and might fall through). Working with Jay was the best experience we’ve ever had selling our home, especially after having said offer fall through and needing to relist. He has patience in spades and was always quick to answer questions or calm us down when we were starting to get overly stressed. He went above and beyond what a “normal” realtor would do. We will definitely be repeat customers–if we ever decide to move again. And we will for sure be recommending Jay to all our family and friends. We adore him!
Thanks to Jay and his excellent team we just sold our house and because of his skills we were able to get the most money from a rambler in the area. He was also always willing to do what we wished even when we were being a little crazy.
Jay and his team were great happy people to work with. Their response time was always fast. Jay gave me time even when he was on vacation. I would choose them again.
Jay’s ability to market through unconventional methods (television show) exposed my home to many home buyers and was able to negotiate a premium price. From the video and photo media to the closing on the home sale, it was all done very professionally and let me worry about my next move rather than the sale of the home. If you want to sell your home, get Jay Deher on it – you’ll be glad you did!
Jay Deher was an amazing find. Together with his team he quickly developed the best marketing plan and material that ensured my house was noticed. I sold my home within 30 days of listing at a profit due to timely responses to potential buyers and expert level of negotiating that ensured a successful transaction for me and the buyer. I would highly recommend Jay and will continue to leverage him for future transactions.
Having a great agent and TC on a listing makes a huge difference. They were responsive and really helpful. Definitely looking forward to working with them again.
No one else can provide you the marketing to sell your home needed as Jay Deher! I needed to sell my home quickly due to a job change. Jay and his team of experts sold my home in less than 30 days, higher than Market Value and filmed my home for the Television Show to reach more buyers! I received FULL MOTION VIDEO of my home with Jay and a Lender providing insight for buyers on lending & the selling points to the neighborhood, amenities and the uniqueness of my home! Much better than Still photos. While I did receive still professional photos as part of my marketing package with Jay, and I will hold onto these for the wonderful memories of my first home, The Full Motion Video and the professionalism by him and his team was outstanding! I was so impressed with Jay Deher and his team in 2016, that I have continued to work with him and for him referring others to utilize his knowledge and team of creative marketing professionals!
My Finance Eddie and I are looking to buy a home and get out of our Townhouse in Herriman. We were referred to Jay Deher we have not found a house and sold our house yet but we are so impressed with the service we have received from Jay Deher and his team. The knowledge of the industry and market is great. They are really working well to serve our needs and not there own. We have not even bought a house yet and they made us feel like family, inviting us and the whole family to a movie premier that was for client appreciation. Wow I cant wait to find our dream home but we will do it with Jay! Clients for Life!
My husband and I were reluctant to use a realtor to sell our home. We had numerous calls and rejected everyone but Jay. Jay was the only realtor who was willing to be flexible enough to make us feel comfortable. As sellers we were quite firm and stubborn about our net take away. Jay worked hard at maintaining our bottom line and never pressured us into selling at a lower cost. Jay and his team maintained a positive and friendly attitude throughout the duration of the process and were always in communication of the home’s status. Overall, 5 stars for communication, flexibility, and positivity.
Jay was easily the best real estate agent I have ever worked with. They all say that they work for you and want what’s best for you, but we all know that’s a pile of garbage. Jay actually made us feel like he wanted what was best for us, and I will NEVER work with another agent besides him! I can never thank you enough, Jay!
Jay went above and beyond to close the deal when I sold a house and then quickly found me a new one and got the best price for me! I would recommend him to anyone.
Could of not done the deal without him. I sold 3.5 acres up on wasatch Blvd that ended up being very complicated. He stayed with it every step of the way.
Jay not only helped me sell my old house but helped me buy a new one, all in a very professional quick responsive manor.
Thanks for all your help !!!!
one of the best out there if not the best . he helped me buy and sell my home . he was in my interest the all time.he is a great agent to work with because he is always answer his phone .
Jay helped me negotiate a short sale on a home we owned. He handled everything very professionally. He negotiated with my mortgage company. When a buyer fell out just before closing, he quickly did open houses and got it back under contract with a new buyer. We were still able to close on time. I would recommend using him to anyone.
Jay is obviously the best. He is the Bugatti of realtors. All realtors charge the same price, but Jay brings his connections, a professional photographer who does a video and uses drones, broadcasts your house on TV and brings his A-team to sell your house. Our first house he sold first showing, our second house he put for sale in the evening and sold it 12hrs later. They bought it before they even walked through it. They had confidence because of the great photos and video he provided. Never disappointed with Jay. I don’t know why anyone would choose anyone else. On our first home we did major remodeling and wanted to sell it for a specific price. I met with 4 realtors before being referred to Jay. All other companies said there was no way we could sell our home for the price we wanted. When I met with Jay he said let’s do it and he did! With our second home we didn’t even consider going with anyone besides Jay. He again didn’t disappoint. His assistant Brandi is also so amazing! She stayed in constant contact through the whole process, she was very personable, thorough and a true friend. My husband and I love Brandi what an asset to Jay’s team! Always a great experience. Would highly recommend him.