The Salt Lake Tribune reported on Jan. 28, 2011 that there are signs of improvement in Salt Lake Valley's residential real estate market, which has been mired in one of the worst downturns ever.
Although single-family homes for sale prices in Salt Lake County were down 4 percent in the fourth quarter, there were several cities that saw house price gains. They included: Draper homes for sale (84020) up 7 percent; West Jordan homes for sale (84081) up 6 percent; Sandy homes for sale (84092) up 12 percent; Herriman homes for sale (84096) up 10 percent; Salt Lake City homes for sale (84103) up 18 percent; Murray homes for sale (84107) up 7 percent.
This is great news for all homes for sale in Salt Lake City and surrounding areas. From great home prices and still low financing rates, conditions to buy a home for sale in Utah couldn't be better. We're optimistic this growth will continue here and around the Salt Lake vicinity.