Salt Lake County Home Prices 2Q 2007

Home prices in the 2nd quarter 2007 continue to show strong increases, but these figures are hiding a change in the market. The Salt Lake County real estate market is moving away from a sellers market to a market that more favors buyers. The number of home sales is well down on the levels seen last year and as a result homes are staying on the market longer., which in turn is putting pressure on prices. There are some exceptions to this downturn, one of which is the downtown condo market which remains strong.

Because areas that experience very few home sales in the quarter tend to show large fluctuations, I have excluded data for any area with fewer than 10 sales.

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$405,750	up 2.83%
84020	Draper	Condo	$239,900	up 33.28%
84044	Magna	Single Family	$180,000	up 26.85%
84044	Magna	Condo	N/A	N/A
84047	Midvale	Single Family	$220,000	up 20.22%
84047	Midvale	Condo	$164,450	up 51.57%
84065	Riverton	Single Family	$350,000	up 25.04%
84065	Riverton	Condo	$220,000	up 28.73%
84070	Sandy	Single Family	$243,000	up 14.35%
84070	Sandy	Condo	$210,000	up 37.25%
84084	West Jordan	Single Family	$232,000	up 20.83%
84084	West Jordon	Condo	$175,000	up 18.24%
84088	West Jordan	Single Family	$289,200	up 20.50%
84088	West Jordan	Condo	$187,000	up 16.15%
84092	Sandy	Single Family	$393,000	up 5.5%
84092	Sandy	Condo	N/A	N/A
84093	Sandy	Single Family	$347,900	up 17.93%
84093	Sandy	Condo	N/A	N/A
84094	Sandy	Single Family	$255,390	up 12.01%
84094	Sandy	Condo	$210,000	up 23.53%
84095	South Jordan	Single Family	$348,998	down 0.80%
84095	South Jordan	Condo	$211,200	up 5.65%
84101	Salt Lake City	Single Family	$137,500	up 15.06%
84101	Salt Lake City	Condo	$289,900	up 5.23%
84102	Salt Lake City	Single Family	$267,443	up 22.68%
84102	Salt Lake City	Condo	$176,000	up 32.43%
84103	Salt Lake City	Single Family	$370,000	down 11.90%
84103	Salt Lake City	Condo	$183,950	up 26.86%
84104	Salt Lake City	Single Family	$134,900	up 16.29%
84104	Salt Lake City	Condo	N/A	N/A
84105	Salt Lake City	Single Family	$316,000	up 13.26%
84105	Salt Lake City	Condo	N/A	N/A
84106	Salt Lake City	Single Family	$265,000	up 11.34%
84106	Salt Lake City	Condo	$167,100	up 19.36%
84107	Murray	Single Family	$243,500	up 13.79%
84107	Murray	Condo	$122,200	up 22.51%
84108	Salt Lake City	Single Family	$466,000	up 31.85%
84108	Salt Lake City	Condo	$305,000	up 5.72%
84109	Salt Lake City	Single Family	$339,000	up 12.25%
84109	Salt Lake City	Condo	N/A	N/A
84111	Salt Lake City	Single Family	$207,000	up 25.45%
84111	Salt Lake City	Condo	$149,000	up 2.76%
84112	Salt Lake City	Single Family	N/A	N/A
84112	Salt Lake City	Condo	N/A	N/A
84113	Salt Lake City	Single Family	N/A	N/A
84113	Salt Lake City	Condo	N/A	N/A
84115	South Salt Lake	Single Family	$198,000	up 28.20%
84115	South Salt Lake	Condo	$156,000	up 63.78%
84116	Salt Lake City	Single Family	$170,000	up 23.23%
84116	Salt Lake City	Condo	N/A	N/A
84117	Holladay	Single Family	$385,000	up 8.71%
84117	Holladay	Condo	$140,900	up 25.41%
84118	Taylorsville/Kearns	Single Family	$192,000	up 20.75%
84118	Taylorsville/Kearns	Condo	N/A	N/A
84119	West Valley City	Single Family	$187,900	up 21.30%
84119	West Valley City	Condo	$150,000	up 32.74%
84120	West Valley City	Single Family	$192,000	up 20.00%
84120	West Valley City	Condo	$137,500	up 18.79%
84121	Cottonwood	Single Family	$340,000	up 15.25%
84121	Cottonwood	Condo	$206,450	up 4.02%
84123	Taylorsville/Murray	Single Family	$226,500	up 13.85%
84123	Taylorsville/Murray	Condo	$132,450	up 26.87%
84124	Holladay	Single Family	$405,000	up 20.00%
84124	Holladay	Condo	$202,700	up 12.30 %
84128	West Valley	Single Valley	$223,000	up 31.56%
84128	West Valley	Condo	$170,000	up 32.81%

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