Salt Lake County Home Prices Third Quarter 2008

The third quarter 2008 was a tough quarter for home prices in Salt Lake County. Only three of the 32 zip codes saw single-family home prices increasing, and two of the zip codes experienced falls of over 20%.

The condominium market fared slightly better with 11 zip codes showing an increase in the median home price, five of them even returning double-digit growth. The downtown condominium market (84101), that had until recently been hot, cooled substantially, with the median home price declining more than 6% year on year.

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$399,450	up 1.91%
84020	Draper	Condo	$202,745	down 4.81%
84044	Magna	Single Family	$165,500	down 8%
84044	Magna	Condo	$115,500	up 0.87%
84047	Midvale	Single Family	$224,000	up1.82%
84047	Midvale	Condo	$145,000	down 4.92%
84065	Riverton	Single Family	$322,000	down 12.74%
84065	Riverton	Condo	$229,800	up 14.93%
84070	Sandy	Single Family	$228,500	down 4.39%
84070	Sandy	Condo	$175,000	down 0.28%
84084	West Jordan	Single Family	$220,250	down 2.11%
84084	West Jordon	Condo	$172,500	down 7.63%
84088	West Jordan	Single Family	$247,000	down 4.96%
84088	West Jordan	Condo	$182,000	down 7.61%
84092	Sandy	Single Family	$369,000	down 7.26%
84092	Sandy	Condo	$405,000	N/A
84093	Sandy	Single Family	$320,000	down 7.31%
84093	Sandy	Condo	N/A	N/A
84094	Sandy	Single Family	$250,000	down 0.20%
84094	Sandy	Condo	$162,960	N/A
84095	South Jordan	Single Family	$350,000	down 3.7%
84095	South Jordan	Condo	$202,250	down 7.43%
84096	Herriman	Single Family	$277,875	down 8.44%
84096	Herriman	Condo	$170,000	down 8.60%
84101	Salt Lake City	Single Family	$117,500	N/A
84101	Salt Lake City	Condo	$284,400	down 6.75%
84102	Salt Lake City	Single Family	$253,000	down 8.65%
84102	Salt Lake City	Condo	$165,800	down 11.81%
84103	Salt Lake City	Single Family	$372,900	down 0.56%
84103	Salt Lake City	Condo	$170,950	up 15.87%
84104	Salt Lake City	Single Family	$140,000	down 4.44%
84104	Salt Lake City	Condo	$76,700	N/A
84105	Salt Lake City	Single Family	$287,500	down 4.17%
84105	Salt Lake City	Condo	$150,000	N/A
84106	Salt Lake City	Single Family	$245,000	down 5.04%
84106	Salt Lake City	Condo	$187,250	up 2.60%
84107	Murray	Single Family	$209,500	down 19.42%
84107	Murray	Condo	$153,000	up 9.83%
84108	Salt Lake City	Single Family	$369,500	down 5.32%
84108	Salt Lake City	Condo	$268,000	up 16.52%
84109	Salt Lake City	Single Family	$315,000	down 9.35%
84109	Salt Lake City	Condo	$249,950	N/A
84111	Salt Lake City	Single Family	$165,000	down 18.92%
84111	Salt Lake City	Condo	$192,500	down 21.84%
84115	South Salt Lake	Single Family	$179,450	down 2.31%
84115	South Salt Lake	Condo	$165,000	up 27.91%
84116	Salt Lake City	Single Family	$180,000	up 1.12%
84116	Salt Lake City	Condo	$95,950	up 7.27%
84117	Holladay	Single Family	$300,000	down 22.78%
84117	Holladay	Condo	$161,000	up 13.82%
84118	Taylorsville/Kearns	Single Family	$185,400	down 4.90%
84118	Taylorsville/Kearns	Condo	$193,000	N/A
84119	West Valley City	Single Family	$169,000	down 3.43%
84119	West Valley City	Condo	$147,000	up 1.38%
84120	West Valley City	Single Family	$190,000	down 2.81%
84120	West Valley City	Condo	$130,000	N/A
84121	Cottonwood	Single Family	$300,000	down 9.62%
84121	Cottonwood	Condo	$209,900	down 2.37%
84123	Taylorsville/Murray	Single Family	$209,000	down 8.13%
84123	Taylorsville/Murray	Condo	$150,000	up 9.49%
84124	Holladay	Single Family	$331,250	down 12.82%
84124	Holladay	Condo	$145,500	down 27.21%
84128	West Valley	Single Family	$205,000	down 6.39%
84128	West Valley	Condo	$164,900	down 7.36%

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