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Fourth Best Year for Home Sales

SANDY (Feb. 7, 2018) – Salt Lake County home sales (all housing types) fell 1 percent in 2017 compared to 2016, but were the fourth highest level recorded for a single year, according to the Salt Lake Board of Realtors®. Only during the years of 2005, 2006 and 2016 were residential sales higher.

In 2017, sales of single-family homes in the county fell to 13,313 sales, down 3 percent compared to 13,659 sales in 2016. In the final three months of 2017, single-family sales were up 0.5 percent.

The median price of a single-family home in Salt Lake County in 2017 increased to $325,000, up 10 percent compared to a median price of $295,000 in 2016. In the fourth quarter, the median price climbed 12 percent year-over-year.

The top five cities for single-family home sales across the Wasatch Front in the fourth quarter were:
• Clearfield……………274
• Tooele………………..274
• Farr West…………..239
• Lehi…………………..214
• Eagle Mountain….209

The top five cities for most expensive median home prices in the fourth quarter were:
• Alpine………..$630,000
• Eden………….$533,400
• Emigration…$530,000
• Draper……….$489,000
• Avenues……..$484,355

Multifamily sales in Salt Lake County in 2017 increased to 4,516 units sold, up 4 percent compared 4,338 units sold in 2016. Last year represented the biggest year for multifamily sales.

About the Salt Lake Board of REALTORS®
The Salt Lake Board of Realtors® is the Wasatch Front’s voice of real estate and the No. 1 source for housing market information. 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 serve the public through continuing education, advocacy and a professional code of ethics.

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