Market Research Monday : Taylorsville
Taylorsville is increasingly one of the most popular cities among my buyers in Salt Lake, and is considered by many to be very similar to West Jordan at a more affordable price. It is mostly residential, so it has a nice family feel, and still offers everything you need as far as shopping and commodities with easy access to the freeway for a quick commute to other areas of the valley.
Geography & Demographics
Taylorsville consists of 10.7 square miles according to the United States Census Bureau, roughly encompassing the area between 4000 W to the Jordan River, and 3900 S to 6500 S.
Map via www.maptechnica.com
As of the census of 2010, there were 58,657 people, 19,121 households, and 13,477 families residing in the city. The population density was 5,415 people per square mile. There were 20,049 housing units at an average density of 1,851.2 per square mile (692.6/km²). The racial makeup of the city was 78.2% White, 1.9% African American, 0.9% Native American, 3.9% Asian, 2.2% Pacific Islander, 9.5% from other races, and 3.4% from two or more races. Hispanic or Latino of any race were 18.6% of the population. The median income for a household in the city was $54,881, and the median income for a family was $62,023. (Table via Wikipedia)
History & Development
Mormon settlers began developing the land in this area in 1851, and by 1860 Harker’s Settlement (as it was then called) has 178 residents. The first business in Taylorsville was a small store located near the school and a blacksmith‘s shop across the street in the 1860′s; the blacksmith doubled as their mailman delivering mail once a week. By the 1920s two canals were built to carry water to farms farther and farther west. Redwood Road was finally rebuilt using concrete making it faster and easier to travel for the mixture of automobiles, wagons and horses that used it.
After the attack on Pearl Harbor in December 1941, the War Department purchased 5,000 acres of land on the west side of the valley, establishing Camp Kearns. Taylorsville received a huge boost provided by Camp Kearns’ 40,000 residents and the developments made there as the camp installed a large water pipe delivering water from the east side of the valley and the first sewer treatment plant in the area.
In the 1980′s the intersection of 5400 S and Redwood Rd began it’s development into a retail center and there was rapid growth throughout the area. This led to Taylorsville being incorporated in 1996 by a 70% approval vote.
Today Taylorsville is largely residential – both shades of yellow, light green, orange, and brown in the map below show residential areas on the current city plan.
Map via Taylorsvilleut.gov
Taylorsville is in the Granite School District, and most kids attend the following schools:
Prince of Lutheran Church & School (Private)
Success Charter School (Private)
One of the reasons Taylorsville is so popular is because of the relatively low crime rate. It experiences slightly more reported crimes than the West Jordan area, but considerably less than most areas on the north east side of the valley and it’s neighbor to the east, Murray.
Map via Trulia
Real Estate Market
Currently there are 85 active properties on the market in this area, 60 of which are single family homes. There are 149 homes currently under contract, and 71 have sold in the last 30 days. Single family homes right now range from $145,000- $510,000, with an average price of $213,000.
Below are two graphs generated with data from the Wasatch Front MLS to show home sales in Taylorsville. The green line is the number of homes listed, the black is number of homes sold, and the blue is the average sales price.
Home Sales 2011-2016 by Quarter
Below is the past 20 years of Taylorsville home sales – you can see that this area had a large increase in home sales in the late 1990′s during it’s growth stage, and has more than recovered from the recent market crash, with the average sold price now at $213,000.
Homes Sales 1996- 2016 in the 1st Quarter
A Few of My Favorite Homes on the Market
2641 W 3935 S | Listed at $199,900
3 Bedrooms | 1 Bath | 1810 Sq Ft | 0.19 Acre
5987 S Cayenne Dr | Listed at $279,900
5 Bedrooms | 2 Baths | 2160 Sq Ft | 0.16 Acre
6132 S Sierra Grande Dr | Listed at $315,000
6 Bedrooms | 3 Baths | 3712 Sq Ft | 0.20 Acre
4725 S Sugarhill Dr | Listed at $479,900
4 Bedrooms | 3 Baths | 3706 Sq Ft | 0.23 Acre