Salt Lake City Condos

The downtown area of Salt Lake is currently experiencing rejuvenation. Everywhere you look old buildings and shopping malls are being knocked down to make way for new buildings. The largest development currently underway is the $1.5 billion redevelopment incorporating 10 blocks, including the Crossroads and ZZMI malls. When complete the redevelopment will include retail and office use.

This resurgence is stimulating demand for Salt Lake Condos both for new condo developments and existing developments such as the Gateway complex. Just to the north of the downtown area is the historic Marmalade District. Here you will find the Marmalade Condos mixed use development, comprising of 50,000 square feet of retail space and 91 luxury condominiums.

The following table shows the number of condos sold and average price for the downtown zip code 84101 since 2004. You can see that Salt Lake Condo Prices have increased from just under $200,000 at the start of 2004 to over $300,000 in the second quarter 2007.

Quarter
Condos Sold
Average Price
Q1 2004
14
$196,342
Q2 2004
15
$251,919
Q3 2004
39
$194,709
Q4 2004
42
$268,261
Q1 2005
41
$232,643
Q2 2005
50
$260,276
Q3 2005
25
$221,649
Q4 2005
18
$209,850
Q1 2006
18
$255,161
Q2 2006
24
$291,987
Q3 2006
21
$257,903
Q4 2006
21
$299,433
Q1 2007
12
$274,150
Q2 2007
16
$312,507

Real estate agent Leslye Stratton specializes in helping people purchase and sell downtown condos. Explore an extensive list of condo listings by searching the Salt Lake Utah MLS.