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Salt Lake County, UT Business

Is Utah’s ‘fierce’ housing market cooling? Sales are slowing, but prices are still sky high

It appears Utah’s housing market may be slowing ever so slightly, according to the latest Salt Lake County home sale figures. But that doesn’t mean the market’s not still red-hot — only that 2020, the year the pandemic threw the national housing market into upheaval and spurred record-breaking home sales, especially in the West, is outpacing a still simmering 2021.
UTAH STATE
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Report: Rent prices in these Utah counties have skyrocketed — including one with a 66% jump

The average rental price in five major Utah counties has shot up a stunning 45% in just over a year and a half. That’s according to a new report released Monday by the Utah-based property management software company Entrata. The report comes as the Beehive State, which has been the fastest-growing state in the country over the past 10 years, continues to grapple with a housing shortage that’s fueling an affordable housing crisis and “insane” housing prices thanks in part to the COVID-19 pandemic, which threw the national housing market into upheaval.
UTAH STATE
Picture for Report: Rent prices in these Utah counties have skyrocketed — including one with a 66% jump
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Salt Lake Tribune

Salt Lake City apartments keep rising while rents show no sign of falling

If you’re searching for an affordable apartment in Salt Lake City right now, you may want to sit down before reading further. Dizzying new numbers show the market for available rentals in Utah’s capital is tighter than ever. Vacancies in and around the state’s main population center haven’t been this low in 20 years and are far enough below 2% that economists are now having difficulty measuring the rate at all.
utahbusiness.com

Mortgage and home loans: Is Utah’s housing market boiling or simmering?

Utah’s home real estate market flourished this past year due to record-low interest rates, government stimulus packages, and an influx of big-city escapees moving to Utah to take advantage of a work-from-anywhere lifestyle mixed with outdoor recreation and, for them, affordable housing. “We have just witnessed one of the biggest...
UTAH COUNTY, UT
Salt Lake Tribune

Utah school land trust to sell unprofitable 8,000-acre block near Powder Mountain

Editor’s note • This story is available to Salt Lake Tribune subscribers only. Thank you for supporting local journalism. An 8,107-acre tract of state-owned land in northern Utah is about to go on the auction block, marking the largest land sale in the history of the Utah School and Institutional Trust Lands Administration, or SITLA.
UTAH STATE
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West Jordan Journal

Copper Hills students raise and train lambs for a livestock show

Cali Frank’s lamb gets sheared before the livestock show and auction held Aug. 12–14. (Photo courtesy of Nikki Franc.) Three students from Copper Hills High School—Kendra Bradford, Lilly Newbold and Cali Franc—spent their summer preparing lambs for the Salt Lake County Livestock Show Aug. 12–14. “All three of my students...
SALT LAKE COUNTY, UT

The Bristol | NEXT LEVEL HOMES | MILLCREEK, UTAH | @THEACTORSELLINGHOMES

Millcreek is one of those places where you don't run into a lot of new construction, but when it's available, buyers pounce. As an area that has received a lot of interest especially from younger generations in recent years (Millennials, Gen Y, Gen Z), home prices have risen quite a bit. I have clients right now that are looking in these areas, with the intent to remodel, which is a very popular trend. But back to this new development. As mentioned in the video, this builder has been adding more homes - mostly in the Salt Lake valley - but will be adding a development up in Summit county, perfect for buyers looking up to Park City. This particular floor plan - The Bristol - was everything you could expect from a new production build with a modern contemporary design. Located in the heart of Millcreek, it is available at just under 900K...yes, that is pretty high for this home, and with practically no impressive lot size...then again, you're buying location in this instance.
MILLCREEK, UT
cityweekly.net

Done Deal

[Editor's note: In addition to verifiable fact and informed comment, the following article presents conclusions drawn by its author.]. Nothing has worked. Nothing has stopped the Utah Inland Port from going forward. The massive shipping, warehousing and manufacturing hub just keeps chugging along, pushed by its legislative enablers who are making plans, building buildings, and dismissing fears around the potential for devastating impacts on the water, air and health of Salt Lake County's living beings. All this despite lawsuits, protests and studies (or lack of them) aiming to dispel the seemingly official notion that the Inland Port is a gift from God.
SALT LAKE COUNTY, UT
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cityweekly.net

Home Dreams

Oh, the good ol' days of summer. Back in August of 2016, the median sales price of a home in Utah was $252,000. The humble abode was a median size of 2,192 square feet and sold for $113 per square foot, with four bedrooms and three baths and was only on the market 15 days.
SALT LAKE CITY, UT
slenterprise.com

SL County home sales down for second month

Fewer available listings and higher home prices slowed home sales for the second consecutive month in July in Salt Lake County. In July, there were 1,602 overall homes sold — including single-family, condominiums, townhouses, mobile and recreational — down 25 percent from 2,131 sales in July 2020, according to UtahRealEstate.com. July 2020 set a record for the most homes sold in a single month. In June, overall home sales fell 8 percent compared to June 2020.
SALT LAKE COUNTY, UT
ksl.com

County and Salt Lake County Library listed among best employers in Utah

The Salt Lake County Library's Kearns branch on Feb. 26. Forbes magazine recognized Salt Lake County Library Services and Salt Lake County for the second year in a row as two of America's Best-In-State Employers of 2021. (Laura Seitz, Deseret News) SALT LAKE CITY — Forbes magazine recognized Salt Lake County Library Services and Salt Lake County for the second year in a row as two ofAmerica's Best-In-State Employers of 2021, ranking fourth and 12th respectively within the state.
utahstories.com

Fall Foodie Friendly Events in Salt Lake and More

Look for the Bill White Farms + Ranches Farm Stand – currently located in Park City on Highway 224 – to move this fall. The Bill White Group has announced that the Farm Stand will be moving to the new and improved Windy Ridge Bakery. The current Farm Stand location will close on Saturday, September 4th. You’ll want to be sure and stock up on seafood, eggs, meat, prepared meals and more before the Farm Stand closure and relocation.
PARK CITY, UT
cityweekly.net

Paradise Lost

Fifty years ago, the rolling hills surrounding what is today Herriman City were dotted with large farms owned by people whose names are familiar even today—like "Butterfield," for whom the canyon that links Salt Lake and Tooele counties is named. As that ground was sold off, farms gave way to...
SALT LAKE COUNTY, UT
Salt Lake Tribune

‘The Rundown’: Utahns overwhelmingly say housing prices are too high

Good Wednesday morning Utah! Thanks for reading “The Rundown”. ✉️ Slide into my DMs! Send me an email or find me on Twitter @SchottHappens. I want to hear your feedback on this newsletter or anything else on your mind. Get this newsletter delivered to your inbox every weekday morning. Sign...
UTAH STATE
murrayjournal.com

Home built by Murray High students sells for almost $1 million

Murray High students built this 4,900-square-foot house near Wheeler Farm over a three-year period, which sold this spring. (Quin Drury/Murray High School) Sold signs are posted on homes before families have a chance to contemplate offers. Some buyers make bids, sight unseen. According to Salt Lake Board of Realtors’ website,...
MURRAY, UT