Wasatch Front Quarterly Market Reports 2018 Q3 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.
2015
2016
2018
single family homes
AVERAGE
SALES PRICE
10%
$393,611
2017
CONDOMINIUMS
$
2018
2018
single family homes
MEDIAN
SALES PRICE
11%
$348,500
TOWN HOMES
Average and Median Sales Price
AVERAGE
MEDIAN
SALES PRICE
13%
$203,900
2015
2018
town homes
AVERAGE
SALES PRICE
10%
$270,670
2017
2016
MED
2014
11%
$239,307
1,617
2018
2018
condominiums
SALES PRICE
2017
2018
condominiums
2016
2015
2014
Average and Median Sales Price
2014
$
Average and Median Sales Price
SINGLE FAMILY HOMES
$
2018
2018
town homes
MEDIAN
SALES PRICE
11%
$266,900
*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 past 12 months. As the average price for a single family home in Salt Lake County approaches $400K,
many first time buyers are turning to condominiums and town homes as more affordable options. Appreciation continues in Salt Lake
County at approximately 10% per year across all property types.
Q3
18
All statistics are based upon Wasatch Front Regional MLS data for the period of 10/1/17 to 9/30/18.
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