Salt Lake Luxury Home Sales | Salt Lake County Luxury Home Trends | Luxury Home Trends in Utah for 2009
Luxury home market trends for Salt Lake City, Utah, Salt Lake County, UT - Average Luxury Home Price, Number Luxury Homes Sold

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Salt Lake Luxury Property Trends for 2009

Residential sales trends for Salt Lake County

 

January 10, 2010Salt Lake Luxury Homes

Salt Lake luxury properties experienced a significant down swing during 2009. There were 95 luxury real estate transactions in Salt Lake during 2009, involving residential properties priced over $750,000. Only one property sold for more than $2.5 million. The highest priced property sold for just over $2.9 million. Over half of the luxury homes sold were less than $1 million dollar homes. In fact, the median luxury home sold price was less than 1.0 million. It took a median of 160 days on the market to sell these luxury properties. Generally, the higher the purchase price, the longer the market time.

The chart below displays a summary of luxury home sales in Salt Lake for 2009:

 

 

 

Luxury Home Market Summary Report 2009  

Salt Lake County, Utah

Sold Listings

List Price Range

# Listings 

 Median Days on Mkt

$750,000

 - 

$999,999

57

160

$1,000,000

 - 

$1,249,999

22

158

$1,250,000

 - 

$1,499,999

6

172

$1,500,000

 - 

$1,749,999

6

206

$1,750,000

 - 

$1,999,999

2

135

$2,000,000

 - 

$2,249,999

1

290

$2,250,000

 - 

$2,499,999

0

0

$2,500,000

 - 

$2,749,999

0

0

$2,750,000

 - 

$2,999,999

1

35

$3,000,000

 - 

$3,499,999

0

0

$3,500,000

 - 

$3,749,999

0

0

$3,750,000

 - 

$3,999,999

0

0

$4,000,000

 - 

$4,249,999

0

0

$4,250,000

 - 

$4,499,999

0

0

$4,500,000

 - 

$4,749,999

0

0

$4,750,000

 - 

$4,999,999

0

0

$5,000,000

 - 

and over

0

0

Total Listings Sold: 95

Median Price

Average Price

Low Price

High Price

Median Market Time

910,000

1,036,781

750,000

2,920,000

160

Source: WFRMLS and luxuryhomeUtah.com. This information is deemed to be reliable, however WFRMLS and luxuryhomeUtah.com do not guarantee accuracy.

 

Links to other reports:

Million Dollar Properties on the Utah Market

Luxury Residential Property Trends

Park City Home Values Increase Over the Past Ten Years

Luxury Home Amenities & Buyer Demands

Park City and Deer Valley Luxury Home Trends (Summit & Wasatch County Trends)

Utah Luxury Condo Market

Utah Luxury Home Market 2007 Statistics

 

 

 

 

Equity Real Estate Logo

 

Barry J. Preusz
REALTOR | Luxury Property Specialist

Equity Real Estate, 1218 East 7800 South, Salt Lake City, Utah 84094

Office: 801-993-0083



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