Salt Lake County Prices 2Q 2008
Summary of how the Salt Lake County Utah housing market performed in the second quarter 2008.
2nd Quarter 2008 Housing Market Update
For the first time in a long time there were more zip codes that went down in value than went up. The second quarter 2008 saw single family homes in 23 zip codes in Salt Lake County go down in value and just 7 zip codes increase in value. The condo market was far more balanced with 12 zip codes going down in value and 11 going up in value.
The bright spot in the Salt Lake real estate market were downtown condos. Condos in zip code 84101 returned an increase of 18.85%. This increase has been driven by the ongoing redevelopment of the downtown area, including the downtown rising project. Increased gas prices are also driving a trend for people wanting to live closer to work and closer to the public transport network.
| Zip Code | City | Property Type | Median Price | Percentage Change |
|---|---|---|---|---|
| 84020 | Draper | Single Family | $373,350 | up 9.81% |
| 84020 | Draper | Condo | $205,175 | down 14.67% |
| 84044 | Magna | Single Family | $169,000 | up 6.11% |
| 84044 | Magna | Condo | $114,000 | up 3.64% |
| 84047 | Midvale | Single Family | $218,400 | down 3.58% |
| 84047 | Midvale | Condo | $142,000 | down 13.65% |
| 84065 | Riverton | Single Family | $300,000 | down 13.17% |
| 84065 | Riverton | Condo | $190,000 | down 13.64% |
| 84070 | Sandy | Single Family | $228,100 | down 5.74% |
| 84070 | Sandy | Condo | $178,500 | down 15% |
| 84084 | West Jordan | Single Family | $222,250 | down 5.06% |
| 84084 | West Jordan | Condo | $167,500 | down 4.29% |
| 84088 | West Jordan | Single Family | $275,000 | down 4.65% |
| 84088 | West Jordan | Condo | $190,950 | up 2.11% |
| 84092 | Sandy | Single Family | $365,000 | down 7.01% |
| 84092 | Sandy | Condo | $418,625 | N/A |
| 84093 | Sandy | Single Family | $352,000 | up 0.95% |
| 84093 | Sandy | Condo | $244,750 | N/A |
| 84094 | Sandy | Single Family | $249,450 | down 2.89% |
| 84094 | Sandy | Condo | $250,000 | N/A |
| 84095 | South Jordan | Single Family | $374,484 | up 7.0% |
| 84095 | South Jordan | Condo | $215,000 | up 1.80% |
| 84101 | Salt Lake City | Single Family | $162,000 | N/A |
| 84101 | Salt Lake City | Condo | $362,500 | up 18.85% |
| 84102 | Salt Lake City | Single Family | $285,500 | up 6.75% |
| 84102 | Salt Lake City | Condo | $174,900 | down 0.62% |
| 84103 | Salt Lake City | Single Family | $381,750 | up 3.13% |
| 84103 | Salt Lake City | Condo | $263,000 | down 11.84% |
| 84104 | Salt Lake City | Single Family | $142,500 | up 5.59% |
| 84104 | Salt Lake City | Condo | $75,500 | N/A |
| 84105 | Salt Lake City | Single Family | $275,000 | down 12.84% |
| 84105 | Salt Lake City | Condo | $249,950 | N/A |
| 84106 | Salt Lake City | Single Family | $259,750 | down 1.98% |
| 84106 | Salt Lake City | Condo | $182,500 | up 11.62% |
| 84107 | Murray | Single Family | $226,000 | down 7.19% |
| 84107 | Murray | Condo | $131,000 | up 7.38% |
| 84108 | Salt Lake City | Single Family | $379,900 | down 18.39% |
| 84108 | Salt Lake City | Condo | $260,625 | down 14.55% |
| 84109 | Salt Lake City | Single Family | $322,500 | down 4.87% |
| 84109 | Salt Lake City | Condo | $194,500 | down 42.20% |
| 84111 | Salt Lake City | Single Family | $182,000 | down 12.08% |
| 84111 | Salt Lake City | Condo | $210,000 | up 40.47% |
| 84115 | South Salt Lake | Single Family | $190,000 | down 3.31% |
| 84115 | South Salt Lake | Condo | $158,600 | up 1.67%% |
| 84116 | Salt Lake City | Single Family | $177,660 | up 4.51% |
| 84116 | Salt Lake City | Condo | $96,000 | N/A |
| 84117 | Holladay | Single Family | $328,250 | down 14.63% |
| 84117 | Holladay | Condo | $138,500 | down 1.70% |
| 84118 | Taylorsville/Kearns | Single Family | $187,750 | down 1.80% |
| 84118 | Taylorsville/Kearns | Condo | $191,900 | N/A |
| 84119 | West Valley City | Single Family | $166,425 | down 10.74% |
| 84119 | West Valley City | Condo | $142,500 | down 4.04% |
| 84120 | West Valley City | Single Family | $195,500 | up 2.68% |
| 84120 | West Valley City | Condo | $136,500 | N/A |
| 84121 | Cottonwood | Single Family | $327,000 | down 3.82% |
| 84121 | Cottonwood | Condo | $215,000 | up 2.38% |
| 84123 | Taylorsville/Murray | Single Family | $220,000 | down 2.87% |
| 84123 | Taylorsville/Murray | Condo | $145,500 | up 7.86% |
| 84124 | Holladay | Single Family | $347,000 | down 14.64% |
| 84124 | Holladay | Condo | $273,500 | up 7.86% |
| 84128 | West Valley City | Single Family | $207,000 | up 7.77% |
| 84128 | West Valley City | Condo | $164,000 | down 1.50% |