December 2017 Salt Lake County Real Estate Market Video Update
Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.
Salt Lake County – Single Family Homes: Active inventory was down 21% from 2016 with 2,025 units on the market and down 17% from the previous month. The median listing price was $400,000. The average days on market was up 13% from 32 days in 2016 to 36 days in 2017. The median sales price was just over $330,000. The averages for units sold in the month of November decreased 8% for units sold year over year and decreased 15% month over month with a total of 985 units sold.
Salt Lake County – Condominiums: Active inventory was down 5% from 2016 with 595 units on the market and down 14% from the previous month. The median listing price was just under $270,000. The average days on market was down 3% from 33 days in 2016 to 32 days in 2017. The median sales price was just under $230,000. The averages for the month of December show an increase of 8% for units sold year over year and 29% change over the previous month with a total of 287 units sold.
To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update
Extraordinary Video of the Week
$6,500,000 | Salt Lake City, Utah | Summit Sotheby’s International Realty
661 N Saddle Hill Road, Salt Lake City, Utah
4 BD | 7 BA | 2 Partial BA | 14,879 SF | MLS #1323835
This dignified and impressive home combines modern luxury with a traditional ambiance. Its warm, inviting, open floor plan features spacious rooms with comfortable spaces that lend themselves to small family or personal gatherings, or to large parties that can flow from inside to outside, all the while enjoying the spectacular views of the valley and mountains. Built in 1997 and extensively remodeled fours years ago, this custom home features every imaginable amenity: rich cherrywood flooring, soaring ceilings, custom hand carved fireplace, bright airy rooms, custom Cottonwood cabinetry, spacious kitchen/great room and auxiliary Butler’s pantry, craft room, two personal offices, nanny’s quarters, Crestron audio/video/alarm systems, and four bedrooms, each with their own bathroom, including a spectacular Master Suite that boasts commanding views of the entire valley, yet still maintains complete privacy. The home was built by a local builder with red iron steel construction and a magnificent exterior made of Spanish granite imported specifically for this home. Other features include a dazzling pool, lavish grounds with year round waterfall/stream feature, outdoor play area, heated driveway and sidewalks, garages with heat and water, and many other extensive architectural details.