Salt Lake County Home Prices for the First Quarter 2012

Home sales for Salt Lake County single family homes increased over 20% in the 1st quarter 2012. A total of 2,186 Salt Lake homes were sold, up from 1,810 in the 1st quarter 2011. Homes also sold faster with the median days on market falling 32.71% to 72 days (includes all types of homes).. Even with these positive signs the median home price declined 5%,, to $190,000. When we look at the zip code level, the best performing areas were Holladay 84124 up 16%, South Salt Lake 84115 up 9.19% and Draper 84020 up 7.80%. On the down side Holladay 84117 went down 22.58%.

The Salt Lake Condo market saw similar results, with condo sales up 15% to 247. The median price for a condo fell far more than single family homes, declining to $118,500, down 15.66% from the 1st quarter 2011.

 

 

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$342,250	up 7.80%
84020	Draper	Condo	$159,500	N/A
84044	Magna	Single Family	$109,900	down 12.08%
84044	Magna	Condo	$47,500	N/A
84047	Midvale	Single Family	$152,825	down 9.70%
84047	Midvale	Condo	$100,485	N/A
84065	Riverton	Single Family	$240,000	down 13.82%
84065	Riverton	Condo	$186,500	N/A
84070	Sandy	Single Family	$177,500	down 1.39%
84070	Sandy	Condo	$115,688	N/A
84084	West Jordan	Single Family	$156,000	down 2.50%
84084	West Jordon	Condo	$102,000	N/A
84088	West Jordan	Single Family	$196,000	up 2.35%
84088	West Jordan	Condo	$190,450	N/A
84092	Sandy	Single Family	$299,000	up 7.55%
84092	Sandy	Condo	No Sales	N/A
84093	Sandy	Single Family	$255,500	down 7.93%
84093	Sandy	Condo	No Sales	N/A
84094	Sandy	Single Family	$201,500	up 3.60%
84094	Sandy	Condo	$145,000	N/A
84095	South Jordan	Single Family	$265,000	down 2.77%
84095	South Jordan	Condo	$144,276	N/A
84096	Herriman	Single Family	$245,000	down 2.2%
84096	Herriman	Condo	$120,400	N/A
84101	Salt Lake City	Single Family	$120,000	N/A
84101	Salt Lake City	Condo	$189,950	down 7.34%
84102	Salt Lake City	Single Family	$234,000	up 1.32%
84102	Salt Lake City	Condo	$187,000	up 19.49%
84103	Salt Lake City	Single Family	$324,300	down 5.80%
84103	Salt Lake City	Condo	$155,500	down 2.81%
84104	Salt Lake City	Single Family	$85,405	down 5.37%
84104	Salt Lake City	Condo	$35,000	N/A
84105	Salt Lake City	Single Family	$251,500	up 6.12%
84105	Salt Lake City	Condo	No Sales	N/A
84106	Salt Lake City	Single Family	$199,900	down 0.05%
84106	Salt Lake City	Condo	$110,750	down 30.35%
84107	Murray	Single Family	$194,950	up 2.34%
84107	Murray	Condo	$92,500	down 27.59%
84108	Salt Lake City	Single Family	$342,250	down 7.12%
84108	Salt Lake City	Condo	$265,000	N/A
84109	Salt Lake City	Single Family	$260,105	down 6.27%
84109	Salt Lake City	Condo	$108,247	N/A
84111	Salt Lake City	Single Family	$137,500	down 18.74
84111	Salt Lake City	Condo	$107,000	down 24.09%
84115	South Salt Lake	Single Family	$135,283	up 9.19%
84115	South Salt Lake	Condo	$62,000	N/A
84116	Salt Lake City	Single Family	$119,900	down 0.08%
84116	Salt Lake City	Condo	$76,000	down 5.30%
84117	Holladay	Single Family	$240,000	down 22.58%
84117	Holladay	Condo	$135,000	up 26.17%
84118	Taylorsville/Kearns	Single Family	$125,000	down 3.33%
84118	Taylorsville/Kearns	Condo	$145,000	N/A
84119	West Valley City	Single Family	$122,750	down 6.61%
84119	West Valley City	Condo	$79,100	N/A
84120	West Valley City	Single Family	$127,900	down 4.55%
84120	West Valley City	Condo	$63,000	N/A
84121	Cottonwood	Single Family	$269,750	down 7.38%
84121	Cottonwood	Condo	$232,500	up 89.02%
84123	Taylorsville/Murray	Single Family	$188,500	down 5.75%
84123	Taylorsville/Murray	Condo	$67,500	N/A
84124	Holladay	Single Family	$290,000	up 16%
84124	Holladay	Condo	$155,000	N/A
84128	West Valley	Single Family	$148,500	up 0.81%
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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