Wasatch Front Quarterly Market Reports 2018 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.
2016
2018
single family homes
AVERAGE
SALES PRICE
6%
$355,000
2017
2018
2018
single family homes
MEDIAN
SALES PRICE
22%
$402,150
TOWN HOMES
Average and Median Sales Price
2018
condominiums
2018
2018
condominiums
AVERAGE
MEDIAN
SALES PRICE
SALES PRICE
9%
10%
$246,783
$210,000
2014
2015
2018
town homes
AVERAGE
SALES PRICE
8%
$278,180
2017
2016
MED
2,034
1,511
2017
K
2016
2015
2014
2015
$
Average and Median Sales Price
2014
CONDOMINIUMS
$
Average and Median Sales Price
SINGLE FAMILY HOMES
$
2018
2018
town homes
MEDIAN
SALES PRICE
8%
$275,000
*Percentage change compared to the same time previous year
i
Takeaway: Salt Lake County saw slightly less single family home sales in 2018 vs 2017, but saw an increase in the amount of condominiums
and town homes sold. Throughout Salt Lake County, buyers are looking for more affordable options as Salt Lake City continues to grow at
a rapid pace. Across all property types in Salt Lake County, the market saw median prices increase between 8% - 22%, whereas the average
price of single family homes decreased. We believe this reflects a strong increase in activity at affordable levels.
All statistics are based upon Wasatch Front Regional MLS data for the period of 1/1/18 to 12/31/18.
YEAR END
2018
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