Condo prices soaring in Salt Lake

Condo prices soaring in Salt Lake


Save Story

Estimated read time: Less than a minute

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 Information in the story may be outdated or superseded by additional information.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.

Tom Callan, KSL Newsradio If you own a condo in some Salt Lake City neighborhoods, odds are you're pretty happy right now.

The condo that sits at 54 B Street in Salt Lake's Avenues has a beautiful view of the Cathedral of the Madeleine across the street. To the west, the spires of the Salt Lake Temple can be seen. But is it really worth $1 million? "They're beautiful condos, but for that size there's no way I would pay $1 million," one woman said.

Average prices for condos in the Avenues shot upward 39 percent last year, but that's nothing compared to the condos in the Foothill/Parley's area. They increased by 103 percent.

Elsewhere in the city, owners received a modest 10 to 20 percent increase.

Most recent Utah stories

Related topics

STAY IN THE KNOW

Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Notice.
Newsletter Signup

KSL Weather Forecast

KSL Weather Forecast
Play button