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 © 2018 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed.