Wednesday's Metro Business Report

Posted - May 14, 2003 at 11:55 a.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

THIS IS MICHAEL DE GROOTE FROM THE SALT LAKE CHAMBER, WITH YOUR METRO BUSINESS REPORT

According to the Utah Association of REALTORS®, there was a 15 percent overall increase in the number of single-family homes sold during the first quarter of 2003 in comparison to the same period last year. The average price of a home in Utah (excluding Park City) is $157,256 dollars—a four percent increase over last year. In the Salt Lake Area, there was a 20 percent increase in the number of homes sold during the first quarter of 2003. Condominium sales, however, were down 10 percent. The average price for a home in Salt Lake is $180,130 dollars. The average price of a condominium is $126,237 dollars. The average price of a home in Park City is $475,000. Park City home sales are up 39 percent over the same period last year and condos are up 25 percent.

Dr. Randal Ellsworth, recipient of the 2000 Utah Humanitarian of the Year Award, will speak at the Chamber’s next Breakfast of Champions tomorrow morning at 7:30 a.m. at the Shriner’s Hospital. Come hear Dr. Ellsworth’s fascinating story as part of the Rose Foundation, an organization that operates three schools in Guatemala that teach students to help themselves and break the cycle of poverty. Breakfast of Champions is a series of bi-monthly morning sessions designed to challenge and energize all who attend. To register call the Chamber at 328-5077 or see us on the web at saltlakechamber.org.

THIS IS MICHAEL DE GROOTE FOR KSL NEWSRADIO 1160.

SIGN UP FOR THE KSL.COM NEWSLETTER

Catch up on the top news and features from KSL.com, sent weekly.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast