In Depth: Year Over Year Statistics in Zip 84102

The best way to understand the future is with a sound understanding of the past. Zip Code 84102 covers the eastern part of downtown Salt Lake City, east to the University of Utah. This area is seeing MASSIVE declines in sales activity, and will likely be a place to find good value in the year ahead.

The following are year over year comparisons for 2006, 2007 and 2008 in 84102 covering January-June 15 in each year respectively. In 2006, 35% of all listed homes sold in 39 days for an average price of $261,000. In 2007 during the same period, 31% of listings sold in 39 days for an average price of $304,000. In 2008, 10% of all listings sold, IN 54 DAYS, for an average of $278,000. That's more than a 200% drop in percent of listings sold in 2008 while the total number of listed homes increased 22% from 2006, and 15% from 2007.

With figures like these, now may be a good time if you like this area of town.