Salt Lake County Home Prices For the 4th Quarter 2011

The median home price for Salt Lake County in the 4th quarter 2011 was $193,000 for single family homes (down 10.23%) and $134,900 for condos (down 6.5%). While prices were down the number of homes sold continued to show positive signs, with 2328 single family homes sold, a rise of nearly 20% over the same period last year. The number of days it takes to sell a home is also heading in the right direction, dropping from 88 to 73 days.

Salt Lake County saw single family home median price increases in 5 of its zip codes in the 4th quarter 2011. These were 84070 (Sandy) up 1.4%, 84102 (Salt Lake City's Central City area) up 22.12%, 84108 (Salt Lake City Emigration Canyon) up 3.17%, 84116 (Salt Lake City) up 3.07, and 84121 (Cottonwood) up 16.20%. Of the areas that fell in price the worst performing were 84103 (Salt Lake City Avenues) down 19.22%, 84104 (Salt Lake City Glendale) down 19.34% and 84119 (West Valley City) down 16.56%.

The condo market did not fare any better with just 3 zip codes seeing price increases. These were 84106 (Salt Lake City) up 2.71%, 84111 (Salt Lake City) up 13.60% and 84117 (Holladay) up 1.14%. The areas experiencing the biggest decline were 84107 (Murray) down 55.81% and 84119 (West Valley City) down 35%.

Zip Code	City	Property Type	Median Price	Change
84020	Draper	Single Family	$315,000	down 10.92%
84020	Draper	Condo	$140,450	N/A
84044	Magna	Single Family	$109,000	down 16.48%
84044	Magna	Condo	$60,750	N/A
84047	Midvale	Single Family	$155,950	down 6.9%
84047	Midvale	Condo	$103,000	N/A
84065	Riverton	Single Family	$255,317	down 1.51%
84065	Riverton	Condo	$190,500	N/A
84070	Sandy	Single Family	$177,450	up 1.40%
84070	Sandy	Condo	$93,950	N/A
84084	West Jordan	Single Family	$150,000	down 16.15%
84084	West Jordon	Condo	$119,500	N/A
84088	West Jordan	Single Family	$186,500	down 8.13%
84088	West Jordan	Condo	$203,450	N/A
84092	Sandy	Single Family	$289,000	down 6.02%
84092	Sandy	Condo	$315,000	N/A
84093	Sandy	Single Family	$268,900	down 7.28%
84093	Sandy	Condo	$1,125,000	N/A
84094	Sandy	Single Family	$199,550	down 1.33%
84094	Sandy	Condo	$159,000	N/A
84095	South Jordan	Single Family	$266,000	down 3.97%
84095	South Jordan	Condo	$138,000	N/A
84096	Herriman	Single Family	$252,572	down 14.38%
84096	Herriman	Condo	No Sales	N/A
84101	Salt Lake City	Single Family	$101,250	N/A
84101	Salt Lake City	Condo	$210,000	down 4.55%
84102	Salt Lake City	Single Family	$265,000	up 22.12%
84102	Salt Lake City	Condo	$157,800	down 5.08%
84103	Salt Lake City	Single Family	$342,500	down 19.22%
84103	Salt Lake City	Condo	$183,000	N/A
84104	Salt Lake City	Single Family	$85,500	down 19.34%
84104	Salt Lake City	Condo	No Sales	N/A
84105	Salt Lake City	Single Family	$229,699	down 9.57%
84105	Salt Lake City	Condo	No Sales	N/A
84106	Salt Lake City	Single Family	$205,000	down 7.82%
84106	Salt Lake City	Condo	$142,000	up 2.71%
84107	Murray	Single Family	$186,500	down 7.67%
84107	Murray	Condo	$69,125	down 55.81%
84108	Salt Lake City	Single Family	$325,000	up 3.17%
84108	Salt Lake City	Condo	$250,000	N/A
84109	Salt Lake City	Single Family	$254,000	down 7.30%
84109	Salt Lake City	Condo	$195,000	N/A
84111	Salt Lake City	Single Family	$136,400	down 14.21%
84111	Salt Lake City	Condo	$154,433	up 13.60%
84115	South Salt Lake	Single Family	$131,500	down 2.95%
84115	South Salt Lake	Condo	$98,750	N/A
84116	Salt Lake City	Single Family	$125,950	up 3.07%
84116	Salt Lake City	Condo	$69,000	N/A
84117	Holladay	Single Family	$270,000	down 10%
84117	Holladay	Condo	$154,750	up 1.14%
84118	Taylorsville/Kearns	Single Family	$119,000	down 14.21%
84118	Taylorsville/Kearns	Condo	No Sales	N/A
84119	West Valley City	Single Family	$123,450	down 16.56%
84119	West Valley City	Condo	$74,000	down 35%
84120	West Valley City	Single Family	$134,000	down 8.19%
84120	West Valley City	Condo	$72,705	N/A
84121	Cottonwood	Single Family	$290,504	up 16.20%
84121	Cottonwood	Condo	$128,000	down 14.09%
84123	Taylorsville/Murray	Single Family	$180,000	down 5.49%
84123	Taylorsville/Murray	Condo	$83,000	N/A
84124	Holladay	Single Family	$295,000	down 2.82%
84124	Holladay	Condo	$305,500	N/A
84128	West Valley	Single Family	$142,100	down 14.47%
84128	West Valley	Condo	$93,000	N/A

For the latest SLC Real Estate market trends and information please call Trela on 801-450-3535.

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