Salt Lake County Home Prices - 2nd Quarter 2011
Information on Salt Lake County home prices for the 2nd quarter 2011.
2nd Quarter 2011 Home Prices
A total of 2583 homes were sold in the second quarter 2011, up from 1783 in the first quarter. The median home price was $201,250, down from $220,000 from the second quarter 2010, but up slightly from the $200,000 seen in the first quarter. The average time taken to sell a home was 81 days.
Looking at a zip code level we can see that just 5 areas experienced median sales price increases, with Draper coming out on top with a 3.24% increase. There were 17 zip codes that experienced decreases, with the Salt Lake City zip code 84104 seeing the biggest drop of over 32%.
To sum up while the year on year figures were less than impressive, the quarter on quarter figures showed at least a temporary stabilization in home prices. Only time will tell if this is the bottoming of the market that we have been waiting for, or just a pause.
| City | Postcode | Median Price | Units Sold | Percentage Change |
|---|---|---|---|---|
| Copperton | 84006 | $59,950 | 1 | N/A |
| Cottonwood | 84121 | $260,000 | 80 | down 6.89% |
| Draper | 84020 | $350,000 | 132 | up 3.24% |
| Herriman | 84096 | $258,000 | 125 | down 0.19% |
| Holladay | 84117 | $292,900 | 50 | down 1.29% |
| Holladay | 84124 | $267,900 | 62 | down 15.42% |
| Magna | 84044 | $123,000 | 58 | down 12.02% |
| Midvale | 84047 | $172,000 | 54 | down 1.43% |
| Murray | 84107 | $165,000 | 39 | down 18.72% |
| Riverton | 84065 | $255,600 | 106 | down 10% |
| Salt Lake City | 84101 | $148,000 | 2 | N/A |
| Salt Lake City | 84102 | $211,250 | 31 | up 2.8% |
| Salt Lake City | 84103 | $323,500 | 51 | down 13.39% |
| Salt Lake City | 84104 | $87,000 | 56 | down 32.56% |
| Salt Lake City | 84105 | $266,900 | 107 | down 2.06% |
| Salt Lake City | 84106 | $219,900 | 72 | down 8.35% |
| Salt Lake City | 84108 | $364,900 | 66 | up 0.52% |
| Salt Lake City | 84109 | $255,500 | 62 | down 10.04% |
| Salt Lake City | 84111 | $152,500 | 17 | N/A |
| Salt Lake City | 84116 | $110,000 | 50 | down 31.21% |
| Sandy | 84070 | $185,000 | 62 | down 7.5% |
| Sandy | 84092 | $285,000 | 80 | down 13.37% |
| Sandy | 84093 | $290,000 | 61 | up 0.87% |
| Sandy | 84094 | $184,900 | 68 | down 11.95% |
| South Jordan | 84095 | $277,000 | 157 | down 2.52% |
| South Salt Lake | 84115 | $151,950 | 51 | up 0.06% |
| Taylorsville | 84118 | $128,100 | 229 | down 17.35% |
| Taylorsville | 84123 | $195,500 | 38 | down 12.92% |
| West Jordon | 84084 | $155,900 | 140 | down 17.9% |
| West Jordon | 84088 | $200,000 | 109 | down 3.35% |
| West Valley | 84119 | $127,000 | 80 | down 18.59% |
| West Valley | 84120 | $130.025 | 117 | down 17.71% |
| West Valley | 84128 | $141,000 | 84 | down 14.55% |
Data for home prices information provided by WFRMLS