The latest appreciation rates show the Salt Lake market continues to be strong across the board with every zip code showing at gain of no less than 10% year-over-year, and many cities showing gains of more than 20%.
Of course reading the numbers only tells part of the story, and there are many factors that may contribute to an area gaining so rapidly. Many area’s numbers look incredible because of homes being bought, remodeled, and re-sold, which can give home’s a value increase of 50% or more in just a few months.
The overall picture is a brisk, strong real estate market that is now slowing because of the season and weather, but continues to be a very good investment.
