Wasatch Front Quarterly Market Reports 2018 Q1 Wasatch Front Market Report | Page 4

SALT LAKE COUNTY
Salt Lake City is a central hub for access to epic ski resorts, national parks, and a lively cultural scene. Salt Lake County
includes Alta, Bluffdale, Cottonwood Heights, Draper, Emigration Canyon, Herriman, Holladay, Midvale, Millcreek, Murray,
Riverton, Salt Lake City, Sandy, South Jordan, Taylorsville, West Jordan, and West Valley City.
$
2016
2018
single family homes
AVERAGE
SALES PRICE
2017
2018
single family homes
MEDIAN
SALES PRICE
10% 11%
$376,974 $331,750
Average and Median Sales Price
2018
condominiums
2018
2018
condominiums
AVERAGE
MEDIAN
SALES PRICE
SALES PRICE
11%
$225,527
2014
2015
2018
town homes
AVERAGE
SALES PRICE
11% 11%
$191,600 $257,180
2016
2017
MED
1,469
2017
2016
2015
2014
2018
TOWN HOMES
Average and Median Sales Price
2015
2014
CONDOMINIUMS
$
Average and Median Sales Price
SINGLE FAMILY HOMES
$
2018
2018
town homes
MEDIAN
SALES PRICE
11%
$255,000
*Percentage change compared to the same time previous year, rolling 12 month format
i
Takeaway: Salt Lake County has had significant price appreciation in all property types. The county saw an increase in the number of condominiums
and town homes sold with a slight decrease in the number of single family home sold over the last 12 months. This is a continued trend over the past
year as price and affordability continues to be a key factor for first-time buyers across Salt Lake County. In a first for Salt Lake County, the average sales
price for a single family home topped $375,000. As a result, many buyers are looking to condominiums and town homes as more economical options.
All statistics are based upon Wasatch Front Regional MLS data for the period of 4/1/2017 to 3/31/2018.
FIRST QTR
2018
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