Salt Lake County Prices 2Q 2011

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

2nd Quarter 2011 Housing Market Update

On the surface Salt Lake County home sales for the second quarter 2011 look very disappointing, with just 5 zip codes seeing increases for single family homes, and 4 zip codes for condos. The combined median home price dropped from $200,000 in 2nd quarter 2010 to $189,900 this quarter, a drop of 5.05%. While this looks bad, if we look at quarter on quarter stats we see that home prices actually increased from $187,000 to $189,900, an increase of 1.55%.

If we look just at single family home prices, the best performing areas in the quarter were Draper 84020, Salt Lake City 84102 and South Salt Lake 84115, all of which experienced low single digit rises compared to last year. When we look at the worst performing areas they mostly seem to be focused on the cheaper zip codes. West Valley City (84128,84120,84119), Taylorsville (84123), Salt Lake City (84104, 84116), Magna (84044) and Murray (84107) all experienced sizable double digit declines.

The downtown Salt Lake City 84101 area, which has been really hit over the last few years, experienced a decent rebound, with the median home price increasing over 34% to $259,000. The worst performing areas were Taylorsville (84123) down 26%, and West Valley City (84128) down 27%.

Zip Code City Property Type Median Price Percentage Change
84020 Draper Single Family $350,000 up 3.24%
84020 Draper Condo $175,750 down 0.46%
84044 Magna Single Family $123,000 down 12.03%
84044 Magna Condo $34,000 N/A
84047 Midvale Single Family $172,000 down 1.43%
84047 Midvale Condo $157,500 up 0.49%
84065 Riverton Single Family $255,600 down 10%
84065 Riverton Condo $152,500 down 7.58%
84070 Sandy Single Family $185,000 down 7.5%
84070 Sandy Condo $146,950 down 13.76%
84084 West Jordan Single Family $155,900 down 17.9%
84084 West Jordan Condo $125,000 down 13.19%
84088 West Jordan Single Family $200,000 down 3.15%
84088 West Jordan Condo $120,000 down 19.97%
84092 Sandy Single Family $285,000 down 13.37%
84092 Sandy Condo $120,000 N/A
84093 Sandy Single Family $290,000 up 0.87%
84093 Sandy Condo No Sales N/A
84094 Sandy Single Family $184,900 down 11.95%
84094 Sandy Condo $186,950 N/A
84095 South Jordan Single Family $277,000 down 2.52%
84095 South Jordan Condo $172,210 down 11.69%
84096 Herriman Single Family $258,000 down 0.19%
84096 Herriman Condo $153,500 up 3.89%
84101 Salt Lake City Single Family $148,000 N/A
84101 Salt Lake City Condo $259,000 up 34.3%
84102 Salt Lake City Single Family $211,250 up 2.8%
84102 Salt Lake City Condo $182,250 up 2.93%
84103 Salt Lake City Single Family $323,500 down 13.39%
84103 Salt Lake City Condo $190,500 down 11.4%
84104 Salt Lake City Single Family $129,000 down 32.56%
84104 Salt Lake City Condo $45,250 N/A
84105 Salt Lake City Single Family $266,900 down 2.06%
84105 Salt Lake City Condo $129,900 N/A
84106 Salt Lake City Single Family $219,950 down 8.35%
84106 Salt Lake City Condo $150,000 down 5.66%
84107 Murray Single Family $165,000 down 18.72%
84107 Murray Condo $123,000 up 2.5%
84108 Salt Lake City Single Family $364,900 up 0.52%
84108 Salt Lake City Condo $225,000 N/A
84109 Salt Lake City Single Family $255,500 down 10.04%
84109 Salt Lake City Condo $330,765 N/A
84111 Salt Lake City Single Family $152,500 N/A
84111 Salt Lake City Condo $138,900 down 15.77%
84115 South Salt Lake Single Family $151,950 up 0.6%
84115 South Salt Lake Condo $171,000 down 8.41%
84116 Salt Lake City Single Family $110,000 down 31.21%
84116 Salt Lake City Condo $64,200 N/A
84117 Holladay Single Family $292,900 down 1.21%
84117 Holladay Condo $134,800 down 6.45%
84118 Taylorsville/Kearns Single Family $128,100 down 17.35%
84118 Taylorsville/Kearns Condo No Sales N/A
84119 West Valley City Single Family $127,000 down 18.59%
84119 West Valley City Condo $109,450 down 11.02%
84120 West Valley City Single Family $130.025 down 17.71%
84120 West Valley City Condo $145,650 down 18.52%
84121 Cottonwood Single Family $260,000 down 6.89%
84121 Cottonwood Condo $194,350 down 10.44%
84123 Taylorsville/Murray Single Family $195,500 down 12.92%
84123 Taylorsville/Murray Condo $97,500 down 26.14%
84124 Holladay Single Family $267,900 down 15.42%
84124 Holladay Condo $235,000 N/A
84128 West Valley City Single Family $141,000 down 14.55%
84128 West Valley City Condo $107,000 down 27.65%
Data for home prices information provided by WFRMLS