From Deseret News archives:

Utah: Home-sales numbers show bubble bursting

Published: Thursday, July 24, 2008 12:11 a.m. MDT
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Among the areas hit hardest by declining prices was Kaysville in Davis County, which saw its median sales price fall 23.2 percent year-over-year to $266,500. In Utah County, the median home sales price in Alpine fell nearly 27 percent from the second quarter of last year to the second quarter of this year.

The areas with the strongest growth were in Weber County. The Marriott/Slaterville ZIP code of 84401 had a median sales-price increase of 52.59 percent year-over-year. Following in a respectable second place was the South Ogden ZIP code of 84403, with a 20.74 percent median sales-price hike.

In Tooele County, sales of single-family homes in the second quarter increased 33 percent in the past year, with the median price of a single-family home up 2 percent to $183,300.

In the condominium market, the number of condos sold in Salt Lake County during the second quarter increased 25 percent from the first quarter in 2008. But condominium sales were down 32 percent when compared with the same period last year. Median sales prices for condominiums also declined by about 1 percent year-over-year, to $172,500.


E-mail: jlee@desnews.com

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