Salt Lake City, UTplace holderSalt Lake City, Utah, Real Estate: Neighborhoods To Knowplace holder
           

Salt Lake City, Utah, Real Estate: Neighborhoods to Know

By Annie Cutler, FrontDoor.com | Published: 10/17/2011

SLC neighborhoods enjoy outdoor amenities like the Liberty Park jogging path.

SLC neighborhoods enjoy outdoor amenities like the Liberty Park jogging path.

Though new development and construction remains in a virtual standstill, Salt Lake City's housing market is among the strongest in the country. The strong real estate market can be linked to the strong job market. Many large companies and corporations are moving their business and headquarters to Salt Lake City and that brings with it tons of jobs.

The first-time home buyer price range is less than $250,000 and strong in Salt Lake City. The majority of the city's inventory is within this price range, with the mid-range market also doing well. On the flip side are the homes listed in the $500,000+ range. There are many multi-million-dollar homes sitting empty just outside of the city limits in the suburbs.

Salt Lake City did not completely dodge the real estate meltdown in recent years. The foreclosure rate hovers around the 20 percent mark. But, many homes that are selling are bought for 90 percent of the original asking price.

Learn about five unique neighborhoods in SLC >>

           
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