Utah Luxury Real Estate Homes, Cabins, Villas, Mansions, Estates, Condos, Townhouses, Distinctive Properties, Gated Communities - Equity Real Estate Realtor
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luxuryhomeUtah.com

Luxury houses in Utah, featuring luxurious real estate, the finest villas, large mansions, mountain cabins, magnificent estates, country style chateaus, canyon retreats, desert showcases, waterfront properties, million dollar homes, upscale condos, luxurious townhouses and resort living. Locate the most distinctive properties with the highest quality craftsmanship and the most unique designs in Utah. Find gated communities, country club properties, valley views, mountain vistas, riverfront properties, premium properties, extravagant comfort, exclusive properties, new construction and elegant living. Luxury MLS listings by your local Equity Real Estate Realtor.

Equity Real Estate Realtor providing MLS listings, professional luxury home searches, property listings, marketing services, seller services, buyer services and VIP services. Call us for fast professional real estate service in Utah: 801-253-6771.

Serving Utah in Alpine, Alta, American Fork, Bluffdale, Bountiful, Cedar Hills, Centerville, Cottonwood Heights, Daybreak, Deer Valley, Draper, Eagle Mountain, Emigration Canyon, Farmington, Fruit Heights, Heber City, Herriman, Highland, Holladay, Kamas, Layton, Lehi, Lindon, Midway, Murray, Ogden, Oakley, Orem, Park City, Pleasant Grove, Provo, Riverton, Saint George, Salt Lake City, Salt Lake County, Sandy, Saratoga Springs, Snowbird, South Jordan, South Ogden, South Salt Lake, Spanish Fork, Springville, Sundance, Summit County, West Jordan, Washington County, Woods Cross and Utah County. Nine offices to serve you for better results.

 

 

 

 

Utah Real Estate Market News & Trends



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, 2008

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 condo 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 Condo Market

 

 

 

 


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Utah Luxury Real Estate Homes, Cabins, Villas, Mansions, Estates, Condos, Townhouses | Distinctive Properties, Gated Communities | County Club Property - Realtor, Agent

Luxury houses in Utah, featuring luxurious real estate, the finest villas, large mansions, mountain cabins, magnificent estates, country style chateaus, canyon retreats, desert showcases, waterfront properties, million dollar homes, upscale condos, luxurious townhouses and resort living. Locate the most distinctive properties with the highest quality craftsmanship and the most unique designs in Utah. Find gated communities, country club properties, valley views, mountain vistas, riverfront properties, premium properties, extravagant comfort, exclusive, new construction and elegant living. Luxury MLS listings by Equity Real Estate Realtor.


Serving Alpine, Alta, American Fork, Bluffdale, Bountiful, Cedar Hills, Centerville, Cottonwood Heights, Daybreak, Deer Valley, Draper, Eagle Mountain, Emigration Canyon, Farmington, Fruit Heights, Heber City, Herriman, Highland, Holladay, Kamas, Kaysville, Kearns, Layton, Lehi, Lindon, Magna, Manti, Mapleton, Midvale, Midway, Murray, North Ogden, North Salt Lake, Ogden, Oakley, Orem, Park City, Payson, Pleasant Grove, Provo, Riverton, Salt Lake City, Salt Lake County, Sandy, Saratoga Springs, Snowbird, South Jordan, South Ogden, South Salt Lake, Spanish Fork, Springville, St. George, Sundance, Summit County, Taylorsville, Tooele, Washington, West Bountiful, West Jordan, West Valley, Woods Cross, and Utah County.

Equity Real Estate, 7090 Union Park Center, Midvale Utah, 84047                               Telephone: 801-253-6771