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
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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, 7090 Union Park Center, Midvale Utah, 84047

Office: (801) 253-6771



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