Salt Lake County Prices 2Q 2008

Summary of how the Salt Lake County Utah housing market performed in the second quarter 2008.

2nd Quarter 2008 Housing Market Update

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 Percentage Change
84020 Draper Single Family $373,350 up 9.81%
84020 Draper Condo $205,175 down 14.67%
84044 Magna Single Family $169,000 up 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 down 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 Jordan 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 3.13%
84103 Salt Lake City Condo $263,000 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 City Single Family $207,000 up 7.77%
84128 West Valley City Condo $164,000 down 1.50%
Data for home prices information provided by WFRMLS