Salt Lake County 1st Quarter 2013 Home Prices

The improving Salt Lake Housing Market continued in the 1st quarter 2013, with median home prices for single family homes increasing 18.95%. While the number of homes sold hardly changed over the last 12 months (just 0.36% more), a tightening of the inventory level (fewer homes for sale) resulted in keen competition among home buyers, driving up home prices.

The condo housing market which had been lagging behind single family homes had a pretty good quarter. On the back of stronger sales that were up 26.61%, the median price for a Salt Lake County condo rose 14.16% in the quarter. Condos were also selling faster, with the median days on market dropping a healthy 20.88%, to 72 days.

When we look the stats at a zip code level, Holladay 84117 had the best performance, returning an impressive 40.66% for the median sales price. In fact only one zip code saw its median sales price drop, with the Salt Lake City zip code 84102 falling 9.19%.

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$375,000	up 9.57%
84020	Draper	Condo	$146,000	N/A
84044	Magna	Single Family	$140,000	up 27.39%
84044	Magna	Condo	$69,975	N/A
84047	Midvale	Single Family	$175,000	up 12.98%
84047	Midvale	Condo	$128,500	N/A
84065	Riverton	Single Family	$279,450	up 16.44%
84065	Riverton	Condo	$164,900	N/A
84070	Sandy	Single Family	$204,000	up 14.93%
84070	Sandy	Condo	$143,200	N/A
84084	West Jordan	Single Family	$184,800	up 18.39%
84084	West Jordon	Condo	$104,900	N/A
84088	West Jordan	Single Family	$232,000	up 17.77%
84088	West Jordan	Condo	$220,000	N/A
84092	Sandy	Single Family	$340,000	up 13.52%
84092	Sandy	Condo	No Sales	N/A
84093	Sandy	Single Family	$296,000	up 15.63%
84093	Sandy	Condo	$285,382	N/A
84094	Sandy	Single Family	$210,000	up 4.22%
84094	Sandy	Condo	$113,750	N/A
84095	South Jordan	Single Family	$316,000	up 19.25%
84095	South Jordan	Condo	$150,000	N/A
84096	Herriman	Single Family	$276,000	up 11.52%
84096	Herriman	Condo	$129,050	N/A
84101	Salt Lake City	Single Family	$139,900	N/A
84101	Salt Lake City	Condo	$200,000	up 5.29%
84102	Salt Lake City	Single Family	$212,500	down 9.19%
84102	Salt Lake City	Condo	$149,900	down 19.84%
84103	Salt Lake City	Single Family	$393,000	up 21.18%
84103	Salt Lake City	Condo	$240,500	up 54.66%
84104	Salt Lake City	Single Family	$108,000	up 24.14%
84104	Salt Lake City	Condo	$42,500	N/A
84105	Salt Lake City	Single Family	$267,000	up 6.16%
84105	Salt Lake City	Condo	No Sales	N/A
84106	Salt Lake City	Single Family	$232,000	up 16.06%
84106	Salt Lake City	Condo	$120,000	up 8.35%
84107	Murray	Single Family	$214,000	up 9.77%
84107	Murray	Condo	$95,000	up 2.7%
84108	Salt Lake City	Single Family	$369,900	up 8.63%
84108	Salt Lake City	Condo	$183,500	N/A
84109	Salt Lake City	Single Family	$317,000	up 21.87%
84109	Salt Lake City	Condo	$145,000	N/A
84111	Salt Lake City	Single Family	$191,700	up 39.42%
84111	Salt Lake City	Condo	$185,000	up 72.90%
84115	South Salt Lake	Single Family	$169,000	up 24.92%
84115	South Salt Lake	Condo	$103,500	N/A
84116	Salt Lake City	Single Family	$140,000	up 16.76%
84116	Salt Lake City	Condo	$67,000	N/A
84117	Holladay	Single Family	$339,000	up 40.66%
84117	Holladay	Condo	$105,000	down 22.22%
84118	Taylorsville/Kearns	Single Family	$140,000	up 12%
84118	Taylorsville/Kearns	Condo	No Sales	N/A
84119	West Valley City	Single Family	$155,000	up 26.27%
84119	West Valley City	Condo	$89,500	N/A
84120	West Valley City	Single Family	$153,000	up 18.70%
84120	West Valley City	Condo	$157,200	N/A
84121	Cottonwood	Single Family	$284,250	up 5.38%
84121	Cottonwood	Condo	$185,000	down 20.43%
84123	Taylorsville/Murray	Single Family	$225,000	up 19.36%
84123	Taylorsville/Murray	Condo	$79,500	N/A
84124	Holladay	Single Family	$311,250	up 7.33%
84124	Holladay	Condo	$216,000	N/A
84128	West Valley	Single Family	$174,550	up 17.54%
84128	West Valley	Condo	No Sales	N/A

The above data from taken from the Wasatch Front MLS, and includes West Valley City, Holladay, Taylorsville/Murray, Cottonwood, Taylorsville/Kearns, Draper, South Salt Lake City, Herriman, South Jordan, Sandy, West Jordan, Riverton, Midvale, Magna, and Salt Lake City Median Home Prices. For the latest SLC Real Estate market trends and information please call Trela on 801-450-3535.

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