Salt Lake County Prices 1Q 2009

Summary of how the Salt Lake County Utah housing market performed in the first quarter 2009.

1st Quarter 2009 Housing Market Update

Home prices in the first quarter 2009 declined in the vast majority of Salt Lake County Cites. In fact only two zip codes saw its single family home price increase. The Salt Lake City 84102 zip code returned a 55% increase (this should be taken with a grain of salt given the relatively low number of sales) and 84105 retuned a 7.92% increase. The worst hit areas in the valley were Holladay 84124 which declined over 21% and Midvale 84047 which went down 16.29%.

Even the condo real estate market suffered, with all but three areas declining in value. The downtown SLC condo market had another poor quarter, with only 5 condos sold in the downtown area of 84101.

Looking on the bright side, the number of home sales does appear to be picking up, in fact we have three homes under contract in three days.

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $354,000 down 11.50%
84020 Draper Condo $171,450 down 19.79%
84044 Magna Single Family $167,950 down 5.18%
84044 Magna Condo $115,000 N/A
84047 Midvale Single Family $185,000 down 16.29%
84047 Midvale Condo $138,500 down 24.32%
84065 Riverton Single Family $304,750 down 3.56%
84065 Riverton Condo $178,000 N/A
84070 Sandy Single Family $230,000 down 0.41%
84070 Sandy Condo $165,500 down 5.96%
84084 West Jordan Single Family $199,950 down 10.54%
84084 West Jordan Condo $156,600 down 8.90%
84088 West Jordan Single Family $237,500 down 6.86%
84088 West Jordan Condo $174,000 down 8.42%
84092 Sandy Single Family $342,750 down 9.80%
84092 Sandy Condo $370,000 N/A
84093 Sandy Single Family $291,000 down 6.13%
84093 Sandy Condo $245,000 N/A
84094 Sandy Single Family $221,200 down 11.52%
84094 Sandy Condo $257,900 N/A
84095 South Jordan Single Family $310,000 down 11.30%
84095 South Jordan Condo $192,450 N/A
84096 Herriman Single Family $265,225 down 11.30%
84096 Herriman Condo $160,000 N/A
84101 Salt Lake City Single Family $63,630 N/A
84101 Salt Lake City Condo $240,000 N/A
84102 Salt Lake City Single Family $297,000 up 55.64%
84102 Salt Lake City Condo $174,000 up 5.45%
84103 Salt Lake City Single Family $380,000 down 3.18%
84103 Salt Lake City Condo $162,000 down 38.40%
84104 Salt Lake City Single Family $130,000 down 10.90%
84104 Salt Lake City Condo $58,500 N/A
84105 Salt Lake City Single Family $286,000 up 7.92%
84105 Salt Lake City Condo N/A N/A
84106 Salt Lake City Single Family $244,250 down 6.04%
84106 Salt Lake City Condo $134,500 down 9.73%
84107 Murray Single Family $217,000 down 6.67%
84107 Murray Condo $145,500 up 12.66%
84108 Salt Lake City Single Family $351,950 down 16.20%
84108 Salt Lake City Condo $165,000 N/A
84109 Salt Lake City Single Family $292,000 down 11.52%
84109 Salt Lake City Condo $170,000 N/A
84111 Salt Lake City Single Family $155,225 N/A
84111 Salt Lake City Condo $172,000 N/A
84115 South Salt Lake Single Family $168,000 down 0.18%
84115 South Salt Lake Condo $138,870 N/A
84116 Salt Lake City Single Family $165,000 down 6.78%
84116 Salt Lake City Condo $102,950 N/A
84117 Holladay Single Family $357,000 down 6.05%
84117 Holladay Condo $154,900 down 13.94%
84118 Taylorsville/Kearns Single Family $169,995 down 8.09%
84118 Taylorsville/Kearns Condo $101,500 N/A
84119 West Valley City Single Family $150,000 down 11.24%
84119 West Valley City Condo $143,900 down 1.91%
84120 West Valley City Single Family $170,250 down 11.79%
84120 West Valley City Condo $173,000 N/A
84121 Cottonwood Single Family $294,500 down 9.38%
84121 Cottonwood Condo $216,950 down 19.32%
84123 Taylorsville/Murray Single Family $222,500 down 10.28%
84123 Taylorsville/Murray Condo $154,900 up 20.08%
84124 Holladay Single Family $260,000 down 21.69%
84124 Holladay Condo $302,500 N/A
84128 West Valley City Single Family $184,950 down 14.57%
84128 West Valley City Condo $160,000 N/A
Data for home prices information provided by WFRMLS