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Gary Kennard
Realtor
    Years of Experience: 4yrs

Direct: 801-403-4965

Office: 801-270-9110



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@Home Realty Network
7985 South 700 East
Sandy, Utah
801-270-9110


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West Valley City home prices more affordable

Friday, January 8th, 2010

One of the most affordable housing markets in the Salt Lake area has become even more so after a two-year slide in home values along the Wasatch Front.  Median home prices in West Valley City are down more than 12 percent from a peak of $191,540 in 2007, according to data from the Salt Lake Board of Realtors.  That means today’s median selling price of about $167,000 represents a price rollback to 2006 levels.  The price declines continue to make the area a haven for low-to-moderate-income buyers, many of whom are buying a home for the first time.  Because of its more affordable-price point, West Valley City is among several areas in which first-time buyers can find more homes they can actually afford, said Grant Whitaker, president of Utah Housing Corp.  Many families buy resale homes, but west-side builders are trying to lure buyers with lower prices and other incentives. (Lesley Mitchell, The Salt Lake Tribune)  I live and specialize in the West Valley area.  If you would like more information, give me a call.

Market Recap

  • Avg. Sales Price: $213,204

  • Avg. Days on Market: 99

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