Salt Lake County Home Prices First Quarter 2011

First quarter 2011 saw another disappointing quarter for home prices in Salt Lake County. While 9 zip codes saw their single family median home price increase, those that did go down seemed to suffer larger loses than seen in previous quarters. The areas which performed best were the Avenues area of Salt Lake City 84103 which went up 22.29% and Sandy 84093 which went up 10.86%. The trend of higher end areas seeing a mini recovery continued, with cheaper areas experiencing large declines. The areas hit worst were South Salt Lake City 84115 down 27.79% and Salt Lake City 84104 down 23.39%.

Condo prices suffered worst than single family home prices, with just 2 zip codes seeing increases in their median home price. These were South Jordan 84095 which went up 1.27% and the Avenues area 84103 which went up 5.49%. The area seeing the largest drop was Cottonwood 84121 which went down 30.44%.

Overall the combined median home price for single family homes and condos declined 9.66% in the last 12 months, dropping to $187,000.

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$300,000	down 14.84%
84020	Draper	Condo	$167,500	down 3.6%
84044	Magna	Single Family	$125,000	down 10.71%
84044	Magna	Condo	$110,000	N/A
84047	Midvale	Single Family	$169,250	down 14.28%
84047	Midvale	Condo	$151,000	down 4.73%
84065	Riverton	Single Family	$279,000	down 0.36%
84065	Riverton	Condo	$173,425	down 7.48%
84070	Sandy	Single Family	$183,000	down 14.49%
84070	Sandy	Condo	$145,228	N/A
84084	West Jordan	Single Family	$160,948	down 13.24%
84084	West Jordon	Condo	$133,750	down 18.89%
84088	West Jordan	Single Family	$192,000	down 8.57%
84088	West Jordan	Condo	$126,500	N/A
84092	Sandy	Single Family	$278,000	down 13.12%
84092	Sandy	Condo	$252,000	N/A
84093	Sandy	Single Family	$296,000	up 10.86%
84093	Sandy	Condo	$192,900	N/A
84094	Sandy	Single Family	$198,000	down 8.69%
84094	Sandy	Condo	$200,000	N/A
84095	South Jordan	Single Family	$272,100	down 8.3%
84095	South Jordan	Condo	$179,990	up 1.27%
84096	Herriman	Single Family	$253,000	up 1%
84096	Herriman	Condo	$137,500	down 6.75%
84101	Salt Lake City	Single Family	$100,100	N/A
84101	Salt Lake City	Condo	$222,900	down 20.18%
84102	Salt Lake City	Single Family	$232,400	up 4.47%
84102	Salt Lake City	Condo	$165,000	down 13.79%
84103	Salt Lake City	Single Family	$344,250	up 22.29%
84103	Salt Lake City	Condo	$163,250	up 5.49%
84104	Salt Lake City	Single Family	$95,000	down 23.39%
84104	Salt Lake City	Condo	No Sales	N/A
84105	Salt Lake City	Single Family	$237,750	down 6.03%
84105	Salt Lake City	Condo	No Sales	N/A
84106	Salt Lake City	Single Family	$208,000	up 0.88%
84106	Salt Lake City	Condo	$160,000	down 3.03%
84107	Murray	Single Family	$194,000	up 4.7%
84107	Murray	Condo	$128,000	down 8.57%
84108	Salt Lake City	Single Family	$372,000	up 5.38%
84108	Salt Lake City	Condo	$205,900	down 2.65%
84109	Salt Lake City	Single Family	$278,250	up 1.2%
84109	Salt Lake City	Condo	$427,500	N/A
84111	Salt Lake City	Single Family	$185,500	N/A
84111	Salt Lake City	Condo	$146,450	N/A
84115	South Salt Lake	Single Family	$124,200	down 27.79%
84115	South Salt Lake	Condo	$150,000	down 6.19%
84116	Salt Lake City	Single Family	$121,250	down 18.87%
84116	Salt Lake City	Condo	$85,000	N/A
84117	Holladay	Single Family	$311,500	up 9.3%
84117	Holladay	Condo	$133,000	down 21.76%
84118	Taylorsville/Kearns	Single Family	$128,150	down 15.41%
84118	Taylorsville/Kearns	Condo	$55,850	N/A
84119	West Valley City	Single Family	$132,000	down 16.98%
84119	West Valley City	Condo	$120,000	down 3.23%
84120	West Valley City	Single Family	$133,700	down 16.44%
84120	West Valley City	Condo	$167,500	N/A
84121	Cottonwood	Single Family	$291,250	up 7.87%
84121	Cottonwood	Condo	$156,500	down 30.44%
84123	Taylorsville/Murray	Single Family	$200,000,	No Change
84123	Taylorsville/Murray	Condo	$114,000	down 7.24%
84124	Holladay	Single Family	$258,500	down 20.95%
84124	Holladay	Condo	$139,525	N/A
84128	West Valley	Single Family	$148,000	down 10.3%
84128	West Valley	Condo	$120,450	down 18.5%

For the latest SLC Real Estate market trends and information please call Trela on 801-450-3535.

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