The price of a single-family home has increased to its highest point ever before. In the July-August-September quarter, the median price of a Salt Lake County single-family home increased to nearly $330,000, a 10 percent rise year-over-year and a 67 percent climb (nominal dollars) compared to the third quarter of 2011 when home prices bottomed at $197,000. Adjusted for inflation, home prices today are 54 percent higher than in 2011.
The top 10 most expensive Wasatch Front ZIP codes in the third quarter were:
- The Avenues (84103) $608,000, up 22%
- Emigration Canyon (84108) $550,000, up 16%
- Alpine (84004) $497,000, up 5.9%
- Draper (84020) $465,000, up 5.0%
- Holladay (84117) $465,000, up 21%
- Eden (84310) $460,900, up 7%
- Holladay (84124) $456,000, up 11%
- Sandy (84092) $449,000, up 12%
- South Jordan (84095) $441,592, up 8%
- Canyon Rim (84109) $428,850, up 6%
Sales of single-family homes in Salt Lake County fell to 3,442 units sold in the third quarter, a 9 percent compared to sales a year ago during the same period. Home sales were down 1 percent in Davis County, down 2 percent in Tooele County, down 4 percent in Utah County, and up 0.4 percent in Weber County.
The 10 hottest ZIP codes for sales of single-family homes were:
- Clearfield (84015) 334
- Tooele (84074) 306
- Lehi (84043) 284
- Farr West (84404) 279
- Herriman (84096) 223
- Eagle Mountain (84005) 219
- Roy (84067) 215
- West Jordan (84081) 190
- South Ogden (84403) 188
- Kearns (84118) 185
Condominium sales in Salt Lake County increased to 1,179 units sold in the third quarter, up 1 percent compared to 1,171 units a year ago. The medium price of a condo reached $219,000, up 10 percent compared to $200,000 in the third quarter of 2016.
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