Wasatch Front Quarterly Market Reports 2017 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.
$
Q3 2015
Q3 2017
single family home
AVERAGE
SALES PRICE
8.77%
$371,949
Q3 2016
Q3 2017
Q3 2017
single family home
MEDIAN
SALES PRICE
9.00%
$327,000
Average and Median Sales Price
Q3 2017
condominium
Q3 2017
Q3 2017
condominium
AVERAGE
MEDIAN
SALES PRICE
SALES PRICE
7.31%
8.61%
$213,742
$187,900
Q3 2013
Q3 2014
Q3 2017
townhome
AVERAGE
SALES PRICE
10.07%
$251,303
Q3 2016
Q3 2015
MED
411
Q3 2016
Q3 2015
Q3 2014
Q3 2013
Q3 2014
TOWNHOME
Average and Median Sales Price
Q3 2013
CONDOMINIUM
$
Average and Median Sales Price
SINGLE FAMILY HOME
$
Q3 2017
Q3 2017
townhome
MEDIAN
SALES PRICE
9.41%
$249,900
*Percentage change compared to the same time previous year
i
Takeaway: Although the number of single family homes sold deceased compared to this time last year, there has been an increase
in average and median price of approximately 9% in single family homes and condominiums. As prices continue to rise putting
pressure on affordability and inventory; buyers are considering condominiums due to their affordability.
Q3
17
All statistics are based upon Wasatch Front Regional MLS data for the period of 7/1/17 to 9/30/17.
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