Salt Lake City Utah real estate

Salt Lake City Utah Real Estate | An Interesting Report On Utah’s Economy*

An Interesting Report On Utah’s Economy*

Filed Under Utah economy, Utah real estate |

I just came across a very interesting report on Utah’s economy. Check out these first quarter 2007 numbers:

-1 in 4 new Utahans are Hispanic.

-6th = Utah’s ranking in the nation in rate of population growth.

Utah’s gross state product in 2006 was up 7.2% from 2005 (2nd in the nation behind Idaho), bringing the

current GSP in millions to $97,749

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Now this is really something:

-911 Billion = Proven reserve in barrels of oil in OPEC countries.

-1.5 Trillion = Projected number of barrels in shale oil under Utah, Wyoming, and Colorado.

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-19.1% = The increase in home values in the Salt Lake City area during first quarter 2007.

Salt Lake City was 3rd in the nation, Provo, Orem Utah was 2nd.

Utah was first in the nation in home appreciation, coming in at 17%.

-5267 = Number of housing permits issued in Utah in first quarter 2007, a 13% drop from the same period last

year.

-$286,175 = The average price of existing homes sold in Salt Lake County during first quarter 2007.

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First quarter home appreciation in the top 5 areas of the Wasatch Front:

Numbers from Utah CEO Magazine 3Q. 2007

1. Orem 66.2% increase $312,900 median price

2. Grantsville 57.8% increase $259,547 median price

3. North Salt Lake 43.4% increase $280,000 median price

4. Spanish Fork 42.8% increase $214,700 median price

5. West Valley City 35.0% increase $212,000 median price

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-33% = Increase in real estate agents in 2006.

*My service doesn’t stop here! In addition to maintaining The Salt Lake City Utah Real Estate Blog, I also help people buy and sell homes in Utah. When you need help with either of these, contact me!

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Related posts:

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