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2012-04-26 17:53:18
1st Quarter 2012 Salt Lake Board of Realtors Press

Single-family home sales continued to rise in the period, up 18 percent compared to the first quarter of 2011. This is the highest level of single-family homes sold in a first quarter in five years (in Q1 2007 there were 3,842 homes sold).

 

Also during the quarter, the median single-family home price fell 5 percent to $190,500 compared to $200,000. The peak in home prices occurred in the summer of 2007 (second quarter) at $256,000. From the peak, single-family home prices have fallen 26 percent.

 

While we are still seeing house-price declines, there are a number of cities showing price increases. Draper (84020) witnessed an 8 percent rise in single-family home prices with a median sales price of $325,000. Holladay (84124) home prices increased 16 percent to $290,000. Sugar House (84105) was up 6 percent at $251,500. More homes were sold in the Kearns ZIP code in the first quarter than any other ZIP code along the Wasatch Front.

 To view the press release go to https://www.slrealtors.com/downloadclass.php?id=1

As written by:

The Salt Lake Board of Realtors

 

Dave Anderton | Communications Director

The Salt Lake Board of Realtors

230 W Towne Ridge Pkwy #200 | Sandy, UT 84070
801.542.8854| F 801.542.8841| C 435.671.0777
dave@saltlakeboard.com  | www.slrealtors.com

 
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