January 29, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah


Martin Plaehn

Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



Salt Lake Board of Realtors Reports Rising Home Prices

Press Release

January 29, 2013

Prices of single-family homes sold in the Salt Lake area in the last quarter of 2012 showed big gains as demand for housing increased, according to the Salt Lake Board of Realtors.

The median single-family home price in Salt Lake County increased to $223,000 in the fourth quarter, up 14 percent compared to $195,000 in the fourth quarter of 2011. Since April 2012, home prices in the Salt Lake area have risen every month year-over-year.

“In spite of rising home prices, housing affordability is at near record levels,” said Dave Frederickson, president of the Salt Lake Board of Realtors. “In 2012, the median sales price of a single-family home was up 6 percent, but 80 percent of homes sold in 2012 were affordable to families earning the median income level.”

The number of single-family homes sold in Salt Lake County in the October-November-December period totaled 2,628 sales compared to 2,373 home sales during the same period a year ago.

More people purchased single-family homes (192 sales) in the Kearns area (ZIP code 84118) in the fourth quarter than any other area along the Wasatch Front. Clearfield (84015) ranked No. 2 in the most single-family homes sold at 179 sales. Farr West ranked No. 3 at 170 sales. South Jordan (167 sales) and Lehi (167 sales) rounded out the top five highest sales areas.

Condominium sales in the Salt Lake area also showed gains, rising to 540 sales in the fourth quarter, up 14 percent compared to 473 sales year-over-year. The median condominium price fell 0.51 percent to $145,750, down from $146,500 a year ago.

Utah Business Social
UB Events View All
CEO of the YearUtah Business Event
Mar 20, 2015
Utah Business Magazine and Presenting Sponsors - Holland & Hart and Newmark Grubb ACRES - are pro...
Job Summit 2015Utah Business Event
Apr 10, 2015
Position your company as a Premier Employer in today's competitive job market! Utah Business maga...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business magazine and Snell and Wilmer are proud to announce the 18th annual 30 Women To Wat...
Community Events View All
CEH - Certified Ethical Hacker
Mar 6, 2015
Learn to hack like a pro, while pleasing the boss! The ethical hacker is usually a trusted employ...
Sandler Foundational Selling Strategies
Mar 10, 2015
How committed are you to improving your sales process, techniques and mindset? Sandler Trainin...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
* Event Description: