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  • Salt Lake City Urban Core 1st quarter 2010 real estate sales

    Posted on May 30th, 2010 admin No comments

    Median sales price of $215,000.

    By my own definition the urban core is described as a circle with a radius of 6 blocks centered at Temple Square.  I wanted to keep it walkable to downtown and inclusive of the free fare Trax zone.  Within this boundary lie most of the new successful condominium projects, shopping areas, restaurants, clubs and the new City Creek development.  Dollar per square foot rents and sales are often dramatically higher here than elsewhere in the city or valley.  Most of the data points are from condo sales as there are relatively few single family homes remaining in the city.

    I would be very interested to see how the sales of City Creek will effect this graph.  Unfortunately the sold price of these new construction high-end condos are not currently part of the multiple listing service.  Assumptions would have to be made on a ratio of asking price to sold price.  Given what we know about the roughly $600 per square foot listed price of these costly creatures, the statistical push would have to be considerably northward.  Moving on up Salt Lake!

    Urban Core 1st qt 2009-2010
    Urban Core 1st qt 1996-2010

  • Sugarhouse 1st quarter 2010 real estate sales

    Posted on May 30th, 2010 admin No comments

    Current median price of $261,000.

    Classic boundaries for this Salt Lake neighborhood.  500 East to 2300 East and 1700 South to roughly I-80.  If your property falls outside any of these defined neighborhoods, email me and request an analysis for your area.  Using your definitions of neighborhood.

    Nice solid gains and the trend is backed by a good number of data points.  Of course this Sale Lake neighborhood is always a perennial draw.
    Sugarhouse 1st qt 2009-2010
    Sugarhouse 1st qt 1996-2010

  • Rose Park 1st quarter 2010 real estate sales

    Posted on May 30th, 2010 admin No comments

    Current median price of $145,000

    Only 12% of the peak.  Holding its own against the east side.  And look at that long term growth.

    This near to downtown neighborhood really held its own during the last year.  For this graph, I used the more traditional Rose Park boundaries of 600 North to 1700 North and 900 West to Redwood.  An amazing price point for a location this close to downtown.
    Rose Park 1st qt 2009-2010
    Rose Park 1st qt 1996-2010

  • Olympus Cove 1st quarter 2010 real estate sales

    Posted on May 30th, 2010 admin No comments

    Current median price of $438,000.

    It could be worse.  You could have bought in Vegas.  This is a classic example of why real estate is a long term investment.  Just look what 10 years brings.
    Olympus Cove 1st qt 2009-2010
    Olympus Cove 1st qt 1996-2010

  • Upper Avenues 1st quarter 2010 real estate sales

    Posted on May 30th, 2010 admin No comments

    Current median price of $565,000.

    If you own a home above 9th Ave, you have to feel good about this.  Perhaps a bit premature to breath a sigh of relief with only 3 data points, but still…
    Upper Avenues 1st qt 2009-2010
    Upper Avenues 1st qt 1996-2010

  • Lower Avenues 1st quarter 2010 real estate sales

    Posted on May 30th, 2010 admin No comments

    Median price of $235,000.

    Salt Lake’s Avenues neighborhood is all too often lumped into one category, or worse yet, one zip code.  The lower historic Avenues in general have a different type of homes in size and age.  The smaller footprint of 19th century homes can give a much higher dollar per square foot.  You also tend to have a higher number of condominiums, which are included here.  I used 9th Ave as the cut-off although many would argue that 6th Ave is the true historic boundary.
    Lower Avenues 1st qt 2009-2010
    Lower Avenues 1st qt 1996-2010