Salt Lake City April 2007 Market Report
By Keith Jeppson - Salt Lake City Real Estate
(Everest Realty Group)
Salt Lake City March 2007 Home & Condo Sales Report Salt Lake City home sales declined 2.19% from March 2007 and 18.99% from April 2006. Home values declined 2.19% from March 2007 but were up almost 16% from their April 2006 levels. Days on market shortened by 7% from March and his holding strong at 36 days. 2006 2007Homes Sold 237192-18.99% Average Sold Price $248,297 $287,488 +15.78% Condos Sold 55 44-20% Average Sold Price $165,666 $241,370 +45.7% Average Days On Market 34 36 +5.88% Salt Lake City Condo values increased dramatically compared to April 2006. Some of this increase is due to the area of the city the sales were concentrated in.The decline in volume appears to be a continuing reaction to national fears of an economic decline. But, values remain fairly strong. ...