BUSINESS

Wasatch Front’s most expensive areas include Huntsville, Alpine, Draper

Apr 29, 2022, 8:09 PM | Updated: 8:21 pm
A “for sale” sign is displayed outside of a house in Layton on Thursday, Oct. 14, 2021. The Sal...
A “for sale” sign is displayed outside of a house in Layton on Thursday, Oct. 14, 2021. The Salt Lake Board or Realtors report the Wasatch Front's most expensive areas are near outdoor recreation sites. Shafkat Anowar, Deseret News

SALT LAKE CITY — The Wasatch Front’s most expensive areas in the first quarter of 2022 were found near exclusive outdoor recreation sites, according to a Salt Lake Board of Realtors press release.

Wasatch Front’s most expensive areas

Huntsville (Weber County) tops the list, according to the press release, at a median price of $1.3 millions. Huntsville is near Pineview Reservoir, and a short drive from Snowbasin Resort. 

Second on the list is Alpine (Utah County) at $1.1 million. Draper (Salt Lake County) was third on the list at $932,500.

The top five most expensive areas are rounded out by The Avenues ($930,000) and Eden ($917,180).

According to the Salt Lake Board of Realtors, the cost of homes continued to soar by double-digit percentages during the first three months of the year. In Salt Lake County, the median single-family residence selling price increased to $585,000, which is up 27% from the first quarter of 2021. 

Utah County also saw home prices increase. Homes sold at $579,700, which is up 28% from the first three months of 2021. Davis County homes sold at a median price of $542,500, and that is up nearly 29% from a year ago. 

Multifamily housing

In regard to multifamily housing, prices increased to $432,250 in Salt Lake County. That’s an increase of 30.3% from the first three months of 2021. Utah County multifamily homes saw an increase of 37.4 %, with the median price coming in at $405,000. 

According to the press release, Davis, Tooele and Weber counties also saw an increase in the price of multifamily homes. 

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Wasatch Front’s most expensive areas include Huntsville, Alpine, Draper