Bluffdale, Herriman and Riverton, making up zip code 84065 lead Salt Lake County in home value appreciation in 2007 with a 26.01% increase in the price of homes sold.  The rest of Salt Lake County saw real estate increases of:

1. Bluffdale/Herriman/Riverton       26.01%
2. South Salt Lake                        22.62%
3. Draper                                     21.83%
4. West Jordan                             21.28%
5. Kearns                                     20.29%
6. Sandy                                      19.27%
7. South Jordan                            18.97%
8. West Valley City                        18.91%
9. Salt Lake City                           18.66%
10. Magna                                     18.09%
11. Taylorsville                               17.55%
12. Murray                                     17.12%
13. Midvale                                    15.47%
14. Holladay                                   14.23%

Who would have thought that the perennial home value giant "Holladay" would be at the bottom of the pack. But, then can you complain about a 14% increase in home prices? And the top 5 cities in the valley above 20%? 

So, will the bubble burst?  Have we seen the crest of the curve and are we going to see a correction? I don't think so. This increase is a correction of our undervalued market. Keep in touch at http://www.saltlakespeaks.com/ and http://www.wemovesaltlake.com/ for more definitive information on the strength of the Salt Lake Valley Real Estate Market. 

Note: All statistics have been compiled from WFRMLS (Wasatch Front Regional Multiple Listing Service) as of 4/4/2007.  Numbers may change as the service updates its records.  For an additional source of statistics see the Salt Lake Board of Realtors Salt Lake County Housing Market Statistics