Salt Lake County Prices 2Q 2007

Summary of how the Salt Lake County Utah housing market performed in the second quarter 2007.

2nd Quarter 2007 Housing Market Update

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 Percentage 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 Jordan 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%
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%
84124 Holladay Condo $202,700 up 12.30%
84128 West Valley City Single Family $223,000 up 31.56%
84128 West Valley City Condo $170,000 up 32.81%
Data for home prices information provided by WFRMLS