Salt Lake County 2nd Quarter 08-09

For the most part, Salt Lake County saw decreases across the board when comparing the second quarter of 2008 to 2009. A few cities sold more homes this quarter but other than that, numbers have gone down. Overall, the county sold 9% less homes and average sold price went down just over 7%.

About 30% less condos sold in the second quarter of 2008. Sold price dropped a few percent but current median listed price is almost $200,000, about 15% more than what condos sold for in 09. Check out more detailed information about major cities below .

Cottonwood Heights Homes: Number of homes sold was cut in half to 36. Active listings are 4.5 times that much so there is over one year of inventory. Median and Average sold price decreased more than 10% and homes are listed for more than what they sold for during the second quarter of 2008 and 2009.

Draper Homes: There was actually an increase of 33% in number of homes sold. Median sold price decreased 4.81% and average sold price decreased 13.53%. Inventory is at 7.42 months.

Herriman Homes: Herriman took part in the largest increase of homes sold from 119 to 166. Current inventory is only five months and sold price decreased close to 10%.

Holladay Homes: The Number of homes that sold in Herriman decreased 5.88 percent. Median price decreased 11.70% but average price actually increased 32.36%. Right now median home prices are 40% higher than what they sold for last quarter.

Kearns Homes: Only 5 less homes sold in Kearns last quarter. Twice as many homes are actively listed and there is 6.14 months of inventory. Sales are down more than 10%.

Magna Homes: About half as many homes sold in Magna last quarter when comparing with the second quarter of 2008. Average price decreased 16.36% and median price decreased 15.49%. There are currently 174 active listings.

Midvale Homes: Midvale also witness a large decrease in number of homes sold. Current median price is about the same as what homes sold for in 2008. There is 14 months of inventory.

Riverton Homes: Riverton sold 9 less homes during the second quarter of ‘09, slipping 8.26%. Median sold price decreased 5.23% and average sold price went down 11.52% from the lower 300’s to the upper 200’s.

Salt Lake City Homes: The capital just barely only saw single digit decreases. The decrease in number of homes sold was very close to the double digits at 9.97% and the decrease in average price was at 9.4%. There is 6.8 months of inventory.

South Jordan Homes: South Jordan was one of the few to increase in number of homes sold and went up 13.33%. At the same time, median price dropped 20% and average price decreased 19%.

Taylorsville Homes: Median sold price went from the lower 200’s to the upper 100’s. Homes sold went from 91 to 77 and average sold price slipped 4%. There are about 100 more homes listed currently than what sold last quarter.

West Jordan Homes: 60 less homes were sold in West Jordan, dropping 18.52%. Average sold price went down 8.6% from $249,454 to$228,002 and median price slipped 9.8% from $239,900 to $216,400.

West Valley City Homes: Number of homes sold decreased about one quarter which puts West Valley about in the middle when comparing with other cities in the county. Inventory is at a healthy 8.64 months and median sold price decreased 9.23%.

These stats are not official.