Salt Lake County Home Prices 4Q 2008

With the downturn in the economy and the already slow housing market, home prices in Salt Lake County continued to stuggle in the 4th quarter 2008. Most areas suffered declines in their median home price, with five areas seeing double digit decreases. The more expensive areas in Salt Lake seemed to suffer more than the others, with 84092 (Sandy) down 16.31%, 84093 (Sandy) down 21.96%, 84103 (Avenues area of Salt Lake) down 15.95%, and 84117 (Holladay) down a massive 28.84%. This reflects what is currently going on in the market, with any homes above $250,000 really stuggling to sell. The downtown Salt Lake City condo market until recently had withstood the general housing slowdown, but now it has all but ground to a halt, with only three condo sales in the entire quarter.

There were some bright points, 84102 (Univercity of Utah area) saw both single family homes (up 3.77%) and condo prices (up 6.95%) increase compared to the same time last year.

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$373,000	down 4.53%
84020	Draper	Condo	$217,104	down 1.76%
84044	Magna	Single Family	$162,250	down 4.53%
84044	Magna	Condo	$131,773	N/A
84047	Midvale	Single Family	$208,900	down 5.86%
84047	Midvale	Condo	$138,750	down 7.50%
84065	Riverton	Single Family	$319,000	down 1.85%
84065	Riverton	Condo	$201,500	down 2.07%
84070	Sandy	Single Family	$216,000	down 5.68%
84070	Sandy	Condo	$199,610	up 17.49%
84084	West Jordan	Single Family	$215,000	down 2.27%
84084	West Jordon	Condo	$179,450	up 1.10%
84088	West Jordan	Single Family	$240,500	down 9.16%
84088	West Jordan	Condo	$169,900	N/A
84092	Sandy	Single Family	$340,000	down 16.31%
84092	Sandy	Condo	N/A	N/A
84093	Sandy	Single Family	$282,500	down 21.96%
84093	Sandy	Condo	$261,000	N/A
84094	Sandy	Single Family	$238,500	down 3.73%
84094	Sandy	Condo	$230,250	N/A
84095	South Jordan	Single Family	$331,000	down 2.36%
84095	South Jordan	Condo	$197,175	down 15.56%
84096	Herriman	Single Family	$281,000	down 4.06%
84096	Herriman	Condo	$167,900	down 11.63%
84101	Salt Lake City	Single Family	N/A	N/A
84101	Salt Lake City	Condo	$385,000	N/A
84102	Salt Lake City	Single Family	$275,000	up 3.77%
84102	Salt Lake City	Condo	$177,000	up 6.95%
84103	Salt Lake City	Single Family	$338,450	down 15.95%
84103	Salt Lake City	Condo	$186,900	down 20.81%
84104	Salt Lake City	Single Family	$139,900	up 0.65%
84104	Salt Lake City	Condo	$72,450	N/A
84105	Salt Lake City	Single Family	$268,000	down 5.60%
84105	Salt Lake City	Condo	N/A	N/A
84106	Salt Lake City	Single Family	$237,000	down 9.20%
84106	Salt Lake City	Condo	$147,000	down 18.90%
84107	Murray	Single Family	$215,000	down 7.33%
84107	Murray	Condo	$140,250	up 2.37%
84108	Salt Lake City	Single Family	$392,000	up 2.48%
84108	Salt Lake City	Condo	$335,500	N/A
84109	Salt Lake City	Single Family	$267,400	down 4.16%
84109	Salt Lake City	Condo	$188,000	N/A
84111	Salt Lake City	Single Family	$169,744	down 4.85%
84111	Salt Lake City	Condo	$183,950	up 36.26%
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	$168,750	down 4.66%
84115	South Salt Lake	Condo	$165,000	down 1.93%
84116	Salt Lake City	Single Family	$169,950	No change
84116	Salt Lake City	Condo	$93,250	up 1.63%
84117	Holladay	Single Family	$285,500	down 28.84%
84117	Holladay	Condo	$149,000	down 14.37%
84118	Taylorsville/Kearns	Single Family	$179,400	down 1.16%
84118	Taylorsville/Kearns	Condo	$99,000	N/A
84119	West Valley City	Single Family	$159,900	down 14.49%
84119	West Valley City	Condo	$142,500	down 4.26%
84120	West Valley City	Single Family	$171,000	down 8.02%
84120	West Valley City	Condo	$240,399	N/A
84121	Cottonwood	Single Family	$274,950	down 7.80%
84121	Cottonwood	Condo	$255,000	down 14.00%
84123	Taylorsville/Murray	Single Family	$234,000	down 7.92%
84123	Taylorsville/Murray	Condo	$140,000	down 2.27%
84124	Holladay	Single Family	$397,500	up 12.77%
84124	Holladay	Condo	$139,000	N/A
84128	West Valley	Single Valley	$201,250	down 2.90%
84128	West Valley	Condo	$163,800	N/A

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

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