Salt Lake County Prices 1Q 2008
Summary of how the Salt Lake County Utah housing market performed in the first quarter 2008.
1st Quarter 2008 Housing Market Update
Homes price appreciation slowed to almost a stop in the first quarter 2008. The number of homes sold fell by more than 41%, and the amount of time it took to sell a home rose to 58 days (a 45% increase). Even with these figures the Salt Lake County median single family home price still rose by 0.34%, while the median condo price fell by just 0.65%.
At the moment there is a housing stalemate, with sellers refusing to lower their listing price unless they absolutely need to sell. While buyers are discouraged by the national real estate market, and are also finding it harder to obtain a loan because of the new stricter lending requirements.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84020 | Draper | Single Family | $399,900 | up 4.53% |
| 84020 | Draper | Condo | $215,000 | down 16.51% |
| 84044 | Magna | Single Family | $179,900 | up 8.39% |
| 84044 | Magna | Condo | $111,650 | up 14.51% |
| 84047 | Midvale | Single Family | $220,500 | up 7.46% |
| 84047 | Midvale | Condo | $183,000 | up 36.57% |
| 84065 | Riverton | Single Family | $322,000 | up 5.5% |
| 84065 | Riverton | Condo | $164,900 | down 13.05% |
| 84070 | Sandy | Single Family | $230,950 | down 0.45% |
| 84070 | Sandy | Condo | $175,990 | down 26.64% |
| 84084 | West Jordan | Single Family | $220,000 | down 1.33% |
| 84084 | West Jordan | Condo | $171,500 | up 2.14% |
| 84088 | West Jordan | Single Family | $255,000 | down 3.77% |
| 84088 | West Jordan | Condo | $190,000 | up 2.70% |
| 84092 | Sandy | Single Family | $380,000 | down 7.61% |
| 84092 | Sandy | Condo | $259,900 | N/A |
| 84093 | Sandy | Single Family | $313,750 | down 7.17% |
| 84093 | Sandy | Condo | $1,039,000 | N/A |
| 84094 | Sandy | Single Family | $250,000 | down 1.96% |
| 84094 | Sandy | Condo | $242,750 | down 4.05% |
| 84095 | South Jordan | Single Family | $345,000 | down 4.17% |
| 84095 | South Jordan | Condo | $211,206 | up 6.72% |
| 84101 | Salt Lake City | Single Family | $372,000 | N/A |
| 84101 | Salt Lake City | Condo | $299,900 | up 12.11% |
| 84102 | Salt Lake City | Single Family | $190,830 | down 30.61% |
| 84102 | Salt Lake City | Condo | $182,000 | up 4.00% |
| 84103 | Salt Lake City | Single Family | $392,500 | down 3.51% |
| 84103 | Salt Lake City | Condo | $263,000 | up 64.48% |
| 84104 | Salt Lake City | Single Family | $145,900 | up 10.95% |
| 84104 | Salt Lake City | Condo | $74,000 | N/A |
| 84105 | Salt Lake City | Single Family | $265,000 | down 7.02% |
| 84105 | Salt Lake City | Condo | N/A | N/A |
| 84106 | Salt Lake City | Single Family | $259,900 | down 3.99% |
| 84106 | Salt Lake City | Condo | $149,000 | down 19.46% |
| 84107 | Murray | Single Family | $232,500 | down 2.70% |
| 84107 | Murray | Condo | $128,575 | up 9.05% |
| 84108 | Salt Lake City | Single Family | $415,000 | up 4.01% |
| 84108 | Salt Lake City | Condo | $369,435 | up 20.53% |
| 84109 | Salt Lake City | Single Family | $330,000 | up 5.94% |
| 84109 | Salt Lake City | Condo | $165,000 | N/A |
| 84111 | Salt Lake City | Single Family | $185,000 | up 9.63% |
| 84111 | Salt Lake City | Condo | $165,450 | up 3.12% |
| 84112 | Salt Lake City | Single Family | $195,000 | N/A |
| 84112 | Salt Lake City | Condo | $185,000 | N/A |
| 84113 | Salt Lake City | Single Family | N/A | N/A |
| 84113 | Salt Lake City | Condo | $89,900 | N/A |
| 84115 | South Salt Lake | Single Family | $168,300 | down 0.71% |
| 84115 | South Salt Lake | Condo | $132,250 | down 31.85% |
| 84116 | Salt Lake City | Single Family | $177,000 | up 9.26% |
| 84116 | Salt Lake City | Condo | $92,500 | down 22.92% |
| 84117 | Holladay | Single Family | $380,000 | up 9.20 |
| 84117 | Holladay | Condo | $180,300 | up 2.80% |
| 84118 | Taylorsville/Kearns | Single Family | $185,000 | up 0.82% |
| 84118 | Taylorsville/Kearns | Condo | $202,000 | N/A |
| 84119 | West Valley City | Single Family | $169,500 | down 5.41% |
| 84119 | West Valley City | Condo | $146,853 | up 6.61% |
| 84120 | West Valley City | Single Family | $193,000 | up 4.32% |
| 84120 | West Valley City | Condo | $139,500 | N/A |
| 84121 | Cottonwood | Single Family | $315,000 | down 3.08% |
| 84121 | Cottonwood | Condo | $268,900 | up 19.56% |
| 84123 | Taylorsville/Murray | Single Family | $129,000 | up 11.46% |
| 84123 | Taylorsville/Murray | Condo | $29,000 | up 11.69% |
| 84124 | Holladay | Single Family | $332,000 | down 2.17% |
| 84124 | Holladay | Condo | $186,750 | up 20.48% |
| 84128 | West Valley City | Single Family | $215,525 | up 1.66% |
| 84128 | West Valley City | Condo | $159,900 | down 3.59% |
Data for home prices information provided by WFRMLS