Salt Lake County Home Prices Second Quarter 2008

For the first time in a long time there were more zip codes that went down in value than went up. The second quarter 2008 saw single family homes in 23 zip codes in Salt Lake County go down in value and just 7 zip codes increase in value. The condo market was far more balanced with 12 zip codes going down in value and 11 going up in value.

The bright spot in the Salt Lake real estate market were downtown condos. Condos in zip code 84101 returned an increase of 18.85%. This increase has been driven by the ongoing redevelopment of the downtown area, including the downtown rising project. Increased gas prices are also driving a trend for people wanting to live closer to work and closer to the public transport network.

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$373,350	down 9.81%
84020	Draper	Condo	$205,175	down 14.67%
84044	Magna	Single Family	$169,000	down 6.11%
84044	Magna	Condo	$114,000	up 3.64%
84047	Midvale	Single Family	$218,400	down 3.58%
84047	Midvale	Condo	$142,000	down 13.65%
84065	Riverton	Single Family	$300,000	down 13.17%
84065	Riverton	Condo	$190,000	dowm 13.64%
84070	Sandy	Single Family	$228,100	down 5.74%
84070	Sandy	Condo	$178,500	down 15%
84084	West Jordan	Single Family	$222,250	down 5.06%
84084	West Jordon	Condo	$167,500	down 4.29%
84088	West Jordan	Single Family	$275,000	down 4.65%
84088	West Jordan	Condo	$190,950	up 2.11%
84092	Sandy	Single Family	$365,000	down 7.01%
84092	Sandy	Condo	$418,625	N/A
84093	Sandy	Single Family	$352,000	up 0.95%
84093	Sandy	Condo	$244,750	N/A
84094	Sandy	Single Family	$249,450	down 2.89%
84094	Sandy	Condo	$250,000	N/A
84095	South Jordan	Single Family	$374,484	up 7.0%
84095	South Jordan	Condo	$215,000	up 1.80%
84101	Salt Lake City	Single Family	$162,000	N/A
84101	Salt Lake City	Condo	$362,500	up 18.85%
84102	Salt Lake City	Single Family	$285,500	up 6.75%
84102	Salt Lake City	Condo	$174,900	down 0.62%
84103	Salt Lake City	Single Family	$381,750	up 3.18%
84103	Salt Lake City	Condo	$163,000	down 11.84%
84104	Salt Lake City	Single Family	$142,500	up 5.59%
84104	Salt Lake City	Condo	$75,500	N/A
84105	Salt Lake City	Single Family	$275,000	down 12.84%
84105	Salt Lake City	Condo	$249,950	N/A
84106	Salt Lake City	Single Family	$259,750	down 1.98%
84106	Salt Lake City	Condo	$182,500	up 11.62%
84107	Murray	Single Family	$226,000	down 7.19%
84107	Murray	Condo	$131,000	up 7.38%
84108	Salt Lake City	Single Family	$379,900	down 18.39%
84108	Salt Lake City	Condo	$260,625	down 14.55%
84109	Salt Lake City	Single Family	$322,500	down 4.87%
84109	Salt Lake City	Condo	$194,500	down 42.20%
84111	Salt Lake City	Single Family	$182,000	down 12.08%
84111	Salt Lake City	Condo	$210,000	up 40.47%
84115	South Salt Lake	Single Family	$190,000	down 3.31%
84115	South Salt Lake	Condo	$158,600	up 1.67%
84116	Salt Lake City	Single Family	$177,660	up 4.51%
84116	Salt Lake City	Condo	$96,000	N/A
84117	Holladay	Single Family	$328,250	down 14.63%
84117	Holladay	Condo	$138,500	down 1.70%
84118	Taylorsville/Kearns	Single Family	$187,750	down 1.80%
84118	Taylorsville/Kearns	Condo	$191,900	N/A
84119	West Valley City	Single Family	$166,425	down 10.74%
84119	West Valley City	Condo	$142,500	down 4.04%
84120	West Valley City	Single Family	$195,500	up 2.68%
84120	West Valley City	Condo	$136,500	N/A
84121	Cottonwood	Single Family	$327,000	down 3.82%
84121	Cottonwood	Condo	$215,000	up 2.38%
84123	Taylorsville/Murray	Single Family	$220,000	down 2.87%
84123	Taylorsville/Murray	Condo	$145,500	up 7.86%
84124	Holladay	Single Family	$347,000	down 14.64%
84124	Holladay	Condo	$273,500	up 7.86%
84128	West Valley	Single Family	$207,000	down 7.77%
84128	West Valley	Condo	$164,000	down 1.50%

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