“On the market” indicators are posted at properties in Salt Lake Metropolis on Friday, Jan. 17, 2020. A Salt Lake Metropolis residence, which bought for $675,000 in September 2021 and once more for $1.6 million in Could, was just lately vandalized. Laura Seitz, Deseret Information
A Salt Lake Metropolis residence price $1.6 million was just lately vandalized, with the phrases “$600k — $1.6 in a single yr?!?! Go away grasping flippers!” spray-painted in massive pink letters on the aspect of the home, in line with a dealer’s viral TikTok video.
Enterprise Insider experiences that, in line with public data, the home was listed and bought on-line for $675,000 in September 2021. In Could, after the property was renovated, it bought for $1.6 million.
@seasonsrealestate #greenscreen I do not assume destroying somebody's property is ever the reply.#homeflipping#homerenovation#luxuryhomes
♬ unique sound - Becca Summer season
Viral video: Becca Summer season, a Utah actual property dealer, uploaded the video to TikTok final month, gaining over 2.5 million views.
- She adopted up with a video displaying the earlier than and after photographs of the renovations. The house had been considerably up to date and renovated.
@seasonsrealestate Reply to @b01howdy #greenscreen
♬ unique sound - Becca Summer season
@seasonsrealestate Reply to @bradysmmrs home tour!
♬ unique sound - Becca Summer season
- Insider states that a police report for the vandalism has been filed and that the “investigation stays ongoing.”
- “Y’all do not know how dangerous the market is,” a commenter on TikTok stated. “Common ... folks can’t get homes after which THIS occurs. Housing isn’t inexpensive anymore.”
- Nonetheless, one other commenter added, “The neighbors are at all times mad till it’s their flip to promote.”
Salt Lake Metropolis housing market: Katie McKellar for the Deseret Information reported that Salt Lake Metropolis was among the many prime 5 metro areas in the USA for the most important will increase in median gross sales worth.
- As of March, median home costs had elevated to $516,759. That’s 26% increased than the median worth of $410,00 in February 2021.
- In some areas of Salt Lake County, the median worth of a single household residence was as excessive as $630,000 in April, Deseret Information states.
What does the long run maintain? McKellar experiences that consultants assume it could “probably take an financial sea change — sweeping layoffs, foreclosures and a dismal job market — to drastically disrupt Utah’s housing worth trajectory and ship statewide costs spiraling downward.”