Wasatch Front Quarterly Market Reports 2018 Q2 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. 2016 2018 single family homes AVERAGE 2017 $ 2018 2018 single family homes MEDIAN TOWN HOMES Average and Median Sales Price 2014 SALES PRICE SALES PRICE 10% 10% 12% $386,377 $340,000 $232,990 2018 MEDIAN SALES PRICE 2014 2015 2018 town homes AVERAGE 2017 2016 MED 1,504 2017 2018 condominiums AVERAGE SALES PRICE 2018 condominiums 2016 2015 Average and Median Sales Price 2015 CONDOMINIUMS 2014 $ Average and Median Sales Price SINGLE FAMILY HOMES $ 2018 2018 town homes MEDIAN SALES PRICE SALES PRICE 11% 10% 10% $197,560 $263,217 $260,000 *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 last 12 months. This trend will likely continue as the average price of a single family homes in Salt Lake County is approaching $400K. Price increses are resulting in many buyers turning to condominiums and town homes as more affordable options. Lastly, appreciation throughout Salt Lake County continues at approximately 10% across all property types. Q2 18 All statistics are based upon Wasatch Front Regional MLS data for the period of 7/1/17 to 6/30/18. © 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.