SILICON SLOPES, UTAH (August 14^th, 2018)

-- Recent housing statistics for Salt Lake and Utah Counties,

as reported by the Salt Lake Board of REALTORS®, revealed

continued demand and increase in median sales price.
 
At the close of the second quarter of 2018, the number of single-

family home sales in the Silicon Slopes Market Area increased

by 6%, vacant land by 5%, while the condominium sector was

slightly down compared to last year’s sales. Demand continued

to rise on a gradual level, with single-family homes accounting f

or 49% of the total dollar volume, condominium sales for 40%,

and vacant land for 11% of the market share.

Single Family Homes

In Salt Lake County, Year-over-year, the number of single-family

home sales was up 9%, while the median price of $300,000

increased to $327,800.

In Utah County, by market area, Lehi had the highest number

of sales – 610, but not the highest % increase.  That went to

Draper (Utah Co.) with a 67% increase from last year.  Mainly

due to new construction.

 Alpine reported a 31% increase in the number of home sales

 with a 26% increase over last year – with the median price

climbing to $621,000. In the popular Vineyard a new market

area in the Silicon Slopes sales volume was down 7% and up

25% in median sales.  This is a positive sign for a solid growth

curve for the market area of new homes.  
 
Sales throughout Utah County continued at a strong pace, with

an average 12% median price increase. There were 20 more

homes sold in Saratoga Springs compared to last year, with a

median sales price of $318K – up 3%. Highland stayed flat

over the year with 1% less sales volume and a 0% median price change. 

To find out more info about your specific area and home, please call me at 801-319-8915

Information deemed reliable, but not guaranteed. All information provided by the Salt Lake and Utah County Board of REALTORS®.