Price Of Salt Lake Valley Homes Hits New High

Dated: 12/14/2017

Views: 185

Image title

Price of Salt Lake Valley Homes Hits New High

The price of a single-family home has increased to its highest point ever before, according to the Salt Lake Board of RealtorsĀ®. In the July-August-September quarter, the median price of a Salt Lake County single-family home increased to nearly $330,000, a 10 percent rise year-over-year and a 67 percent climb (nominal dollars) compared to the third quarter of 2011 when home prices bottomed at $197,000. Adjusted for inflation, home prices today are 54 percent higher than in 2011. The top 10 most expensive Wasatch Front ZIP codes in the third quarter were:

  1. TheAvenues(84103) $608,000, up 22%

  2. Emigration Canyon (84108) $550,000, up 16%

  3. Alpine (84004) $497,000, up 5.9%

  4. Draper (84020) $465,000, up 5.0%

  5. Holladay (84117) $465,000, up 21%

  6. Eden (84310) $460,900, up 7%

  7. Holladay (84124) $456,000, up 11%

  8. Sandy (84092) $449,000, up 12%

  9. South Jordan (84095) $441,592, up 8%

  10. Canyon Rim (84109) $428,850, up 6%

Sales of single-family homes in Salt Lake County fell to 3,442 units sold in the third quarter, a 9 percent drop compared to sales a year ago during the same period. Home sales were down 1 percent in Davis County, down 2 percent in Tooele County, down 4 percent in Utah County, and up 0.4 percent in Weber County.


Blog author image

Pat Kiel

As an Associate Broker of Exit Realty Plus in Salt Lake City, Pat Kiel has enjoyed helping clients reach their real estate goals with purchasing, selling and investing for over 21 years. She has lived....

Latest Blog Posts

Climb Aboard the Heber Creeper

Are you or your family glued to a screen all day? Need a change of scenery? A train ride may be just the ticket to chase away those technology fueled blues!Anyone that knows me can tell you that I

Read More

Utah Hot Spot: The Sweet Tooth Fairy

If you haven't ventured out to The Sweet Tooth Fairy, you have missed out!  My favorite thing is the cake bites!  They are the pefect size of sweet, moist cake and perfectly iced! 

Read More

Good Times with Paint, Pals, and Pubs

Looking for a Unique idea for a Night Out? Get ready to break out your artistic side! It is time to try Paint Nite.Paint Nite offers you the opportunity to try your hand at painting while also

Read More

3 Things to Know about Buying New Construction

3 Things to Know about Buying New Constructionhttps://lh5.googleusercontent.com

Read More