This is in no way a suggestion that the market has hit bottom in any of these areas, but in the fourth quarter of 2010 home prices were actually up in 6 Salt Lake County cities. We'll have to wait until we are into the Spring season to see if the trend continues in these areas and if it spreads to other communities in the county.
The 6 cities where values were up were:
- Draper (84020) - UP 7%
- West Jordan (84081) - UP 6%
- Sandy (84092) - UP 12%
- Herriman (84096) - UP 10%
- Salt Lake City (84103) - UP 18%
- Murray - UP 7%
Source: Salt Lake Board of REALTORS®
There are over 30 communities in Salt Lake County (There are 41 Standard Zip Codes). So, 85% of the market must have stayed even or taken a loss in Q4 2010.
These are all desirable areas, so it's not surprising that if any areas are up, these would be them. If you have any questions about these areas, don't hesitate to call or email me.
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