Salt Lake County Prices 1Q 2011

Summary of how the Salt Lake County Utah housing market performed in the first quarter 2011.

1st Quarter 2011 Housing Market Update

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 Percentage Change
84020 Draper Single Family $300,000 down 14.84%
84020 Draper Condo $167,500 down 14.84%
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 Jordan 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 $121,500 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 up 20.95%
84124 Holladay Condo $139,525 N/A
84128 West Valley City Single Family $148,000 down 10.3%
84128 West Valley City Condo $120,450 down 18.5%
Data for home prices information provided by WFRMLS