The Northwood Group

Building Partner Investors

Utah – Unique Residential Market Update

August 3

Salt Lake City Commercial Real Estate Parallels Residential

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In recent months I have included a couple of updates on the residential real estate market.  I do so because although the residential and commercial markets are different, they are correlated and driven by many of the same factors.

Matt Green, Regional Director of Keller Williams Utah produces some very propriety and interesting breakdowns of the Utah market.  I have included an attachment to his assessment of the SLC market.  Breakdowns of Park City and of the Davis, Weber & Utah County markets are available upon request.

2015 – Q2 Market Report Graphs – Salt Lake County

A couple of the highlights of the report include:

  • Average days on market are lower that at anytime during the past 15 years excepting 2005, 2006, & 2007.
  • Median sales price is higher than at anytime during the last 15 years excepting 2007.

Please let me know if you have additional questions.