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SALT LAKE CITY — A new report released Wednesday showed more people purchased homes in the Taylorsville/Kearns area during the fourth quarter of 2010 than any other city along the Wasatch Front. Data from the Salt Lake Board of Realtors indicated that there were 151 existing single-family homes sold in ZIP code 84118. More affordable home prices were a driving factor the report stated, with the median price of a home in Taylorsville/Kearns at $138,000 compared to the Wasatch Front’s median home price of $199,900.
Of the top 10 areas for home sales, only one had a median price above $300,000 — ZIP code 84020 in Draper at $349,900, which ranked sixth in sales for the period. Half of the top 10 cities ranked had sales prices above the Wasatch Front’s median fourth quarter sales price, the report stated. Single-family home prices along the Wasatch Front have fallen 16 percent from their high point in the summer of 2007, said DeAnna Dipo, president of the Salt Lake Board of Realtors. More than 4,000 homes were sold along the Wasatch Front during the last three months of 2010, down 21 percent from the same quarter in 2009. Top 10 cities for home sales in fourth quarter 2010 — with median sales price: 1. Taylorsville/Kearns (84118), 151 sales – $138,000 2. Lehi (84043), 144 sales – $210,000 3. Farr West (84404), 128 sales – $133,225 4. South Jordan (84095), 127 sales – $272,000 5. Clearfield (84015), 117 sales – $160,000 6. Draper (84020), 111 sales – $349,900 7. Tooele (84074), 104 sales – $160,450 8. Riverton (84065), 100 sales – $259,950 9. Herriman (84096), 93 sales – $295,000 10. Roy (84067), 90 sales – $145,655
ACCORDING TO THE SALT LAKE BOARD OF REALTORS®
29 December 2010 (Sandy) – The Salt Lake Board of REALTORS® reported today that sales of existing homes and condominiums in Salt Lake County fell 35 percent in November compared to the same month a year earlier (732 vs. 1,120 sales last year). Sales of homes in the first 11 months of 2010 were down 8 percent compared to the same 11-month period in 2009.
The median price of homes (all housing types) sold in November was $200,000, down 1 percent compared to a median price of $202,350 in November 2009.
“While home prices have stabilized, sales have continued a downward trend since June, shortly after the expiration of the federal homebuyer tax credit,” said Bill Heiner, president of the Salt Lake Board of REALTORS®. “We expect some price gains going forward, but with so many foreclosures and short sales, overall prices will remain flat.”
The Salt Lake Board of REALTORS® is the Wasatch Front's voice of real estate and the No. 1 source for housing market trends. Established in 1917, the Salt Lake Board of REALTORS® is a leader in protecting private property rights. As Utah’s largest real estate trade association, the Salt Lake Board of REALTORS® assists its members to better serve the public through continuing education, advocacy and a professional code of ethics.
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Branch Broker Re/Max Metro, CRS e-Pro, CDPE, SFR. A 25 year Experienced Realtor in Utah. **801-205-3500** **Marty@GaleTeam.com** **www.Homes-In-Utah.com**
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