The Salt Lake Board of Realtors® reported sales of single-family homes in the first quarter in Salt Lake County increased to 2,563 units sold, a 16 percent rise compared to 2,209 sales in Q1 2014. Strong sales were reported in a number of cities. The top five cities reporting the strongest sales (by highest percent increase) were: Downtown Salt Lake City (84111) up 77 percent; Sugar House (84106) up 53 percent; Magna, up 47 percent; Herriman, up 35 percent; and West Jordan (84088) up 35 percent. The median price of homes sold across the county in the first quarter climbed to $255,000, a 4 percent increase compared to a median price of $245,000 in last year’s first quarter. Condominium sales saw a big jump in the first quarter, rising to 707 units sold, a 24 percent increase compared to 568 sales in Q1 2014. Condo prices increased 3 percent in the first quarter to $179,400. Properties listed in the first quarter were on the market an average of 79 days, down from 82 days last year during the same period.
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