Wasatch Front Quarterly Market Reports 2018 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. 2015 2016 2018 single family homes AVERAGE SALES PRICE 10% $393,611 2017 CONDOMINIUMS $ 2018 2018 single family homes MEDIAN SALES PRICE 11% $348,500 TOWN HOMES Average and Median Sales Price AVERAGE MEDIAN SALES PRICE 13% $203,900 2015 2018 town homes AVERAGE SALES PRICE 10% $270,670 2017 2016 MED 2014 11% $239,307 1,617 2018 2018 condominiums SALES PRICE 2017 2018 condominiums 2016 2015 2014 Average and Median Sales Price 2014 $ Average and Median Sales Price SINGLE FAMILY HOMES $ 2018 2018 town homes MEDIAN SALES PRICE 11% $266,900 *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 past 12 months. As the average price for a single family home in Salt Lake County approaches $400K, many first time buyers are turning to condominiums and town homes as more affordable options. Appreciation continues in Salt Lake County at approximately 10% per year across all property types. Q3 18 All statistics are based upon Wasatch Front Regional MLS data for the period of 10/1/17 to 9/30/18. © 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.