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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

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