Salt Lake City Real Estate
Salt Lake City Real Estate
Housing Market Conditions
While housing is struggling in much of the U.S. the Salt Lake City Real Estate market remains comparatively healthy. Home prices in the 1st quarter 2007 continued to climb with most zip code areas seeing double digit increases over the same time last year. These home price increases are being driven by the strong local economy and large number of people who are relocating to the area.
| Area |
Q1 2007 Average Sales Price |
Price Change |
| Salt Lake County |
$286,170 |
up 18.3% |
| Utah County |
$277,716 |
up 19.18% |
| Davis County |
$206,755 |
up 16.72% |
Most of the Salt Lake Valley has been fully developed, with the only large chuck of land remaining located on the west side. So if you want a new home your are limited to only a few areas. One of these is the city of South Jordan where the large master planned community of Daybreak is being developed. South Jordan Real Estate located in Daybreak has a unique look and feel. The homes are designed to mimic some of Salt Lakes older neighborhoods such as the Avenues. They are made to look like preiod homes, all have porches and garages are located to the rear of the home. This development incorporates a large lake and plenty of walking trails.
If you are looking for Salt Lake UT Realtors then McDonald Group GMAC can provide you with expert residential home buying and selling services.
Downtown Salt Lake Redevelopment
The downtown area is currently undergoing a massive redevelopment incorporating the demolishion and rebuilding serveral blocks.. This means that Downtown Condos in Salt Lake City are seeing an increased demand both for new build and in exisiting developments such as American Towers and the Gateway.
This development is also impacting surrounding areas with Salt Lake City Homes seeing large increases in both demand and prices in places like the Marmalade District.
Park City Real Estate Market
If you are looking for a skiing / mountain getaway then Park City maybe the answer. Located only 30 minutes from Salt Lake, this prestigious ski resort has seen a high demand for second homes force home prices up dramatically over the last few years. . Park City Homes have the advantage of being close to 3 major ski resorts in the winter and mountain based recreation in the summer. All this comes at a price with the average home price approaching the 1 million dollar mark.
