Salt Lake County Home Prices 4Q 2007

Salt Lake County homes in the 4th quarter 2007 stayed on the market longer, resulting in a large increase in inventory levels. This is turn put pressure on home prices, with 7 zip codes for single family homes seeing a fall in prices and 4 zip code areas for condos also falling (compared to the last quarter of 2006). Most zip codes were still showing median prices increase, but the majority only saw single digit increases, rather than the double-digit increases we have seen over the last 2 years.

Because areas that experience very few home sales in the quarter tend to show large price fluctuations, areas with fewer than 10 sales have been excluded from the median price change.

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$420,000	up 5.26%
84020	Draper	Condo	$221,000	down 2.23%
84044	Magna	Single Family	$170,000	up 9.68%
84044	Magna	Condo	$111,700	N/A
84047	Midvale	Single Family	$221,900	up 2.26%
84047	Midvale	Condo	$152,500	up 4.45%
84065	Riverton	Single Family	$325,000	up 3.04%
84065	Riverton	Condo	$206,500	up 5.9%
84070	Sandy	Single Family	$220,000	up 1.38%
84070	Sandy	Condo	$169,900	down 12.56%
84084	West Jordan	Single Family	$221,000	up 3.03%
84084	West Jordon	Condo	$177,500	up 6.61%
84088	West Jordan	Single Family	$264,750	up 2.64%
84088	West Jordan	Condo	$196,500	up 9.78%
84092	Sandy	Single Family	$410,000	up 8.46%
84092	Sandy	Condo	N/A	N/A
84093	Sandy	Single Family	$362,000	up 15%
84093	Sandy	Condo	$282,800	N/A
84094	Sandy	Single Family	$247,250	up 2.17%%
84094	Sandy	Condo	$170.050	N/A
84095	South Jordan	Single Family	$338,988	down 6.27%
84095	South Jordan	Condo	$233,500	up 13.35%
84101	Salt Lake City	Single Family	$233,181	N/A
84101	Salt Lake City	Condo	$304,600	up 14.94%
84102	Salt Lake City	Single Family	$265,000	up 0.38%
84102	Salt Lake City	Condo	$166,000	up 12.93%
84103	Salt Lake City	Single Family	$402,550	up 6.78%
84103	Salt Lake City	Condo	$230,000	up 66.67%
84104	Salt Lake City	Single Family	$138,000	up 6.24%
84104	Salt Lake City	Condo	$72,750	N/A
84105	Salt Lake City	Single Family	$283,900	down 6.30%
84105	Salt Lake City	Condo	$144,750	N/A
84106	Salt Lake City	Single Family	$261,500	up 3.61%
84106	Salt Lake City	Condo	$181,250	up 9.88%
84107	Murray	Single Family	$225,000	up 8.93%
84107	Murray	Condo	$136,250	up 19.62%
84108	Salt Lake City	Single Family	$382,500	up 3.16%
84108	Salt Lake City	Condo	$225,000	down 1.53%
84109	Salt Lake City	Single Family	$283,000	down 16.51%
84109	Salt Lake City	Condo	$146,500	N/A
84111	Salt Lake City	Single Family	$178,400	down 3.57%
84111	Salt Lake City	Condo	$135,000	up 5.92%
84112	Salt Lake City	Single Family	N/A	N/A
84112	Salt Lake City	Condo	N/A	N/A
84113	Salt Lake City	Single Family	N/A	N/A
84113	Salt Lake City	Condo	N/A	N/A
84115	South Salt Lake	Single Family	$179,000	down 0.94%
84115	South Salt Lake	Condo	$168,250	up 29.92%
84116	Salt Lake City	Single Family	$169,950	up 12.12%
84116	Salt Lake City	Condo	$91,750	down 10.49%
84117	Holladay	Single Family	$404,000	up 6.60%
84117	Holladay	Condo	$174,000	up 22.54%
84118	Taylorsville/Kearns	Single Family	$185,000	up 2.83%
84118	Taylorsville/Kearns	Condo	$218,000	N/A
84119	West Valley City	Single Family	$192,000	up 9.71%
84119	West Valley City	Condo	$146,000	up 12.39%
84120	West Valley City	Single Family	$185,900	up 6.23%
84120	West Valley City	Condo	$134,900	N/A
84121	Cottonwood	Single Family	$298,900	down 0.37%
84121	Cottonwood	Condo	$296,500	up 68.56%
84123	Taylorsville/Murray	Single Family	$252,450	up 15.80%
84123	Taylorsville/Murray	Condo	$142,000	up 9.31%
84124	Holladay	Single Family	$352,500	up 1.91%
84124	Holladay	Condo	$209,950	up 1.55%
84128	West Valley	Single Valley	$204,625	up 5.21%
84128	West Valley	Condo	$164,850	N/A

This home price data was comprised from data provided by the Wasatch Front MLS.

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