Utah Luxury Home Trends | Salt Lake Luxury Home Trends | 2007 Luxury Home Trends in Utah
Luxury home market trends for Salt Lake, Utah, Wasatch, Davis, Summit and Weber Counties, UT - Average Sold Price, Number Sold

utah luxury homes masthead

Home Search Market Services Communities Real Estate Resources Utah REALTOR Contact luxuryhomeutah.com
    Home > > Real Estate Market - Luxury Home Trends In Utah 2007
luxuryhomeutah.com logo
Luxury Real Estate TopPage Shadow Luxury Real Estate CornerPage Shadow

Luxury Home Sales Trends in Utah for 2007

Residential sales trends for five Salt Lake area counties - Davis, Salt Lake, Summit, Utah & Wasatch

 

January 19, 2008Utah Luxury Properties - Bath

There were 335 luxury real estate transactions last year involving residential properties priced over $800,000. Six of these luxury homes sold for over $5 million. The highest priced property sold for just under $8.5 million. Over 66% of the million dollar homes were priced between $1 million and $1.75 million. It took an average of 88 days on the market to sell these luxury properties. The higher the price, the longer the market time.

The chart below displays a summary of home sales in the five county Utah area:

 

 

 

 

 

 

 

2007 Luxury Home Market Summary Report

Davis, Salt Lake, Summit, Utah & Wasatch Counties

Sold Listings

List Price Range

# Listings 

 Avg Days on Mkt

$800,000

 - 

$899,999

1

48

$900,000

 - 

$999,999

17

75

$1,000,000

 - 

$1,249,999

110

85

$1,250,000

 - 

$1,499,999

66

89

$1,500,000

 - 

$1,749,999

40

58

$1,750,000

 - 

$1,999,999

24

98

$2,000,000

 - 

$2,499,999

37

93

$2,500,000

 - 

$2,999,999

14

101

$3,000,000

 - 

$3,999,999

7

171

$4,000,000

 - 

$4,999,999

3

120

$5,000,000

 - 

and over

6

162

Total Listings: 325

Median Price

Average Price

Low Price

High Price

Avg Market Time

1,372,500

1,650,213

880,000

8,455,000

88

 
 
 
 
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 home Market

 

 

 

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



Luxury Real Estate BottomPage Shadow Luxury Real Estate LowerCornerPage Shadow