Wasatch Front Quarterly Market Reports 2018 Q2 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
2017
$
2018
2018
single family homes
MEDIAN
TOWN HOMES
Average and Median Sales Price
2014
SALES PRICE SALES PRICE
10% 10% 12%
$386,377 $340,000 $232,990
2018
MEDIAN
SALES PRICE
2014
2015
2018
town homes
AVERAGE
2017
2016
MED
1,504
2017
2018
condominiums
AVERAGE
SALES PRICE
2018
condominiums
2016
2015
Average and Median Sales Price
2015
CONDOMINIUMS
2014
$
Average and Median Sales Price
SINGLE FAMILY HOMES
$
2018
2018
town homes
MEDIAN
SALES PRICE SALES PRICE
11% 10% 10%
$197,560 $263,217 $260,000
*Percentage change compared to the same time previous year, rolling 12 month format
i
Takeaway: Salt Lake County saw an increase in the number of condominiums and town homes sold with a slight decrease in the number of
single family homes sold over the last 12 months. This trend will likely continue as the average price of a single family homes in Salt Lake County
is approaching $400K. Price increses are resulting in many buyers turning to condominiums and town homes as more affordable options. Lastly,
appreciation throughout Salt Lake County continues at approximately 10% across all property types.
Q2
18
All statistics are based upon Wasatch Front Regional MLS data for the period of 7/1/17 to 6/30/18.
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