Last week a couple of good friends sent me links to some great resources that I’d like to share with you. I also attended a meeting for the East Liberty Park Community Organization and want to pass on a few things that I learned about residential roof top solar from that meeting.
I’ll give you the highlights of each of the topics and will place the links to each of the web sites they came from at the end of this report.
The first one comes from the Salt Lake Tribune and shows the first quarter median home prices for 2016 compared to 2015 by zip code. It includes all the zip codes in Salt Lake, Davis, Weber, Utah and Tooele Counties. It also shows previous years results back to 2003.
In Salt Lake County, there were four zip codes that increased by more than 20%. 84124 (Holladay) increase 27% to $413,500, 84116 (Rose Park) increased 24.2% to $200,000, 84092 (Sandy) increased 22.7% to $399,900 and 84121 (Cottonwood Heights/Holladay) increased 22.4% to $370,887. The highest median priced neighborhood in Salt Lake County was 84103 (Avenues/Capitol Hill) at $451,000.
The second resource comes from the Washington Post and is titled “America’s great housing divide: Are you a winner or a loser?” This article presents the big picture across America from 2004, when the housing bubble was forming, to 2015.
This article also has a zip code search for 19,000 zip codes in this country and shows the change in home prices from 2004 to 2015. The Salt Lake County housing market has come back strong, but many parts of the country have not. Some of the poorest areas in the country haven’t recovered at all and many have decreased in value, widening the gap between the haves and the have nots. It’s an interesting article and worth reading. We’re lucky to have a strong economy here on the Wasatch Front.
The third resource I found on my own last Thursday when I attended the East Liberty Park Community Organization meeting. They had a panel of five people to discuss solar energy including two representatives from local companies that install solar panels, a local home owner that just had rooftop solar installed and two people from local clean energy non-profit organizations including HEAL Utah and Utah Clean Energy.
Here are a couple interesting facts I learned that night. There is a 30% federal tax credit available for residential solar until 2019. Also, the state of Utah is currently offering an incentive of up to $2,000 or 25% whichever is less. Pay back on roof top solar systems are in the 4 to 10 year range. Many of the systems are warranted for up to 25 years and can last 40 years. The cost of roof top solar has decreased by 75% since 2006.
Utah Clean Energy has a great web site, and a specific site just for solar that’s worth checking out if you’re considering roof top solar or just want to know more about it. The site includes a list of local contractors and much more.
Utah Clean Energy’s dedicated web site for Solar Energy:
http://www.solarsimplified.org
Utah Clean Energy web site:
Salt Lake Tribune median home prices and appreciation by zip code:
http://www.sltrib.com/money/homeprices
Washington Post article on housing values across the USA:
https://www.washingtonpost.com/graphics/business/wonk/housing/overview/?hpid=hp_hp-top-table-main_housing-divide%3Ahomepage%2Fstory
If you have any questions about buying or selling real estate in and around Salt Lake County or wonder what your home is worth, please contact me. Ninety percent of my business comes from friends, repeat clients and referrals.
Thanks for keeping me in mind!
Kev
Kevin Coyle
Realtor Broker MBA CRS
SLC Homes
M (801) 243-0699
Kevin@SLCHomeBuyer.com
