Wasatch Front Quarterly Market Reports 2017 Year End 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. $ Average and Median Sales Price 2014 2015 2017 single family homes AVERAGE SALES PRICE 2016 2017 2017 single family homes MEDIAN SALES PRICE TOWN HOMES Average and Median Sales Price 2017 condominiums 2016 AVERAGE MEDIAN SALES PRICE 12% 12% 10% 11% $372,382 $329,950 $217,258 $187,322 2013 2014 2017 town homes AVERAGE SALES PRICE 11% $252,661 2015 MED 1,390 2017 2017 condominiums SALES PRICE 2015 2014 2013 2013 CONDOMINIUMS $ Average and Median Sales Price SINGLE FAMILY HOMES $ 2016 2017 2017 town homes MEDIAN SALES PRICE 10% $248,665 *Percentage change compared to the same time previous year i Takeaway: Overall, Salt Lake County saw an increase in the number of condominiums sold and a slight decrease in the number of single family homes sold from 2016 to 2017. Due to low single family home inventory throughout Salt Lake County and an average home price of $372K, buyers are turning to condominiums and town homes for affordable options. All statistics are based upon Wasatch Front Regional MLS data for the period of 1/1/17 to 12/31/17. YEAR END 2017 © 2018 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed.