The Salt Lake City Avenues neighborhood offers a variety of benefits due to its central location and proximity to many amenities.
Salt Lake City Avenues Real Estate Guide
The Beck Team Insider Real Estate Guide
Salt Lake City Avenues
Real Estate and Neighborhood Guide
Nestled amidst the foothills of the majestic Wasatch Mountains, The Avenues stands as a testament to Salt Lake City's enduring heritage and vibrant spirit. This captivating neighborhood, often fondly referred to as "The Aves" by locals, exudes a unique blend of urban sophistication and neighborhood charm, drawing residents who seek a harmonious balance between city life and a sense of community. The Salt Lake City Avenues offers a variety of benefits due to its central location and proximity to many amenities. Here are some of the key advantages of living in this vibrant neighborhood:
Central Location and Easy Commuting: The Avenues is situated just east of downtown Salt Lake City, providing easy access to the city's core attractions, employment centers, and major transportation routes.
Urban Convenience: The Avenues is a smaller, convenient neighborhood, with many shops, restaurants, cafes, and other amenities located within close proximity of most homes.
Proximity to Parks and Recreation: The Avenues is surrounded by a variety of parks and recreation areas, including Memory Grove Park, Liberty Park, and Emigration Canyon Park.
Access to Cultural and Educational Institutions: The Avenues is close to several cultural institutions, including the Eccles Theater, the Utah Museum of Fine Arts, and the Salt Lake City Public Library. The neighborhood is also close to the University of Utah, offering access to its libraries, museums, and cultural events.
Diverse Community and Vibrant Atmosphere: The Avenues is a diverse community with a strong sense of neighborhood pride. Residents come from various backgrounds, creating a rich tapestry of cultures and perspectives.
Proximity to Nature and Outdoor Activities: The Avenues is situated at the base of the Wasatch Mountains, providing easy access to hiking trails, biking paths, and stunning mountain views.
Historic Charm and Architectural Beauty: The Avenues is a historic district known for its beautiful architecture, with many homes dating back to the late 19th and early 20th centuries.
Thriving Culinary Scene and Independent Shops: The Avenues offers a diverse culinary scene, with restaurants ranging from casual eateries to upscale dining establishments. The neighborhood is also home to a variety of independent shops, boutiques, and art galleries.
Variety of Housing Options: The Avenues offers a variety of housing options, from historic Victorian homes to modern apartments and condominiums.
The Avenues, with its rich history, stunning architecture, vibrant community, and abundance of amenities, stands as a compelling choice for those seeking a well-rounded urban living experience. Whether you're seeking a vibrant cultural scene, a friendly environment, or are drawn to historic charm and a sense of community, The Avenues offers a unique blend of city life and neighborhood charm that has captivated residents for generations.
Buying or selling a home in the Avenues area can be intimidating, especially because of its popularity. Some properties can sell at a higher premium than others, which can be challenging to market.
To get personal advice on buying or selling in the Salt Lake City Avenues neighborhood, contact Jennifer, Erin or Phil with The Beck Team, one of Salt Lake City's best Realtor teams.
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Salt Lake City Avenues Neighborhood
Situated on the east side of downtown Salt Lake City, Utah, and just west of the University of Utah campus, the Avenues neighborhood is a charming and historic district known for its tree-lined streets, grand Victorian homes, and abundance of parks and green spaces. The Avenues is a popular choice for everyone, offering a quiet and peaceful atmosphere while still being close to all the amenities of downtown.
Table of Contents
1. Real Estate Home Sales and Market Statistics
2. Avenues Best Realtor Insights
3. Photographs
4. Salt Lake City Avenues Real Estate Market
5. Maps and Location
6. Smaller Avenues Communities and Neighborhoods
7. More about The Avenues
1. Real Estate Home Sales and Market Statistics
The overview below shows real estate activity from January 2024 to May 2024. You will see data comparisons between May and the previous month, the last three months and May 2023.
Average & Median Sales Price
The median sales price in May 2024 was $804,450, up 5.85% from $760,000 from the previous month and 3.53% higher than $777,000 from May 2023. The May 2024 median sales price was at its highest level compared to May 2023 and 2022. The average sales price in May 2024 was $1,232,770, up 22.21% from $1,008,762 from the previous month and 48.06% higher than $832,611 from May 2023. The May 2024 average sale price was at its highest level compared to May 2023 and 2022.
Sales Price / List Price Ratio
The sales price/list price ratio is the average sale price divided by the average list price for sold properties expressed as a percentage. If it is above 100%, homes are selling for more than the list price. If it is less than 100%, homes are selling for less than the list price.The May 2024 sales price/list price ratio was 98.76%, down from 101.33% from the previous month and equal to May 2023.
Number of Properties Sold & Absorption Rate
The number of properties sold in May 2024 was 42, up 50.0% from 28 from the previous month and 13.51% higher than 37 from May 2023. The May 2024 sales were at its highest level compared to May 2023 and 2022. Absorption rate is the avg number of sales per month divided by the total number of available properties.
Average Days on Market
The average days on market (DOM) is the number of days a property is on the market before it sells. An upward trend in DOM tends to indicate a move towards a buyer's market, a downward trend tends to indicate a move towards seller's market. The DOM for May 2024 was 45 days, down -25.00% from 60 days from the previous month and 2.27% higher than 44 days from May 2023. The May 2024 DOM was at its highest level compared with May 2023 and 2022.
Average Sales Price per Square Foot
The average sales price per square foot is a more normalized indicator for the direction of property value. The sales price per square foot in May 2024 was $415, up 6.14% from $391 from the previous month and 14.96% higher than $361 from May 2023.
Inventory & MSI (Months Supply of Inventory)
The number of properties for sale in May 2024 was 104, up 26.83% from 82 from the previous month and 65.08% higher than 63 from May 2023. The May 2024 inventory was at its highest level compared with May 2023 and 2022. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2024 MSI of 2.48 months was at its highest level compared with May 2023 and 2022.
New Listings
The number of new listings in May 2024 was 55, down -5.17% from 58 from the previous month and 44.74% higher than 38 from May 2023. The May 2024 listings were at its highest level compared to May 2023 and 2022.
Historical Data by Year (YTD) - Median Sales Price and Number of Homes Sold
2. Avenues Best Realtor Insights
- Avenues real estate is located near downtown Salt Lake City and the University of Utah. Many options for culture and entertainment are close by.
- Varried architectural styles, and homes from varying times, create an eclectic mix of properties.
- The Avenues continue to have excellent appreciation, due to the continued popularity of the neighborhood
- Avenues homes sizes range from 1,000 to over 10,000 square feet.
- Lot sizes are typically from .05 to .5 acres.
- Prices for Avenues homes and condos range widely, from the $250,000s to up to $8,000,000.
- Avenues homes are part of the Salt Lake City School District.
- Higher Cost of Living: The median home value in The Avenues exceeds the citywide median
- Limited Parking: On-street parking can be challenging, especially during peak hours.
3. Salt Lake City Avenues Real Estate Market
Single Family Homes in the Avenues
Avenues single-family homes usually have small to mid-sized lots. Lot sizes in the neighborhood range from as small as .05 acres to more than .5 acres.
Single-family home sizes vary greatly in the Avenues. Sizes range from around 1,000 square feet on the small end, up to 12,000 feet. Smaller homes have as few as 1 to 2 bedrooms. Many larger and more expensive Avenues properties can have as many as 6 to 7 bedrooms, or even more.
Prices for Avenues homes start at around the low $400,000 for smaller and older properties that need some work. Higher end homes will sell for many millions, and are listed as high as just under $8,000,000.
Luxury Homes in the Avenues
Avenues single-family homes usually have small to mid-sized lots. Lot sizes in the neighborhood range from as small as .05 acres to more than .5 acres.
Single-family home sizes vary greatly in the Avenues. Sizes range from around 1,000 square feet on the small end, up to 12,000 feet. Smaller homes have as few as 1 to 2 bedrooms. Many larger and more expensive Avenues properties can have as many as 6 to 7 bedrooms, or even more.
Prices for Avenues homes start at around the low $400,000 for smaller and older properties that need some work. Higher end homes will sell for many millions, and are listed as high as just under $8,000,000.
Condos and Townhomes in the Avenues
Condo and townhome sizes vary widely in the Avenues. Sizes range from 400-500 square feet for a small studio or one bedroom condo, up to 5,000 feet or more for larger townhomes and luxury units.
Prices for Avenues condos and townhomes start at around $250,000 for the very small studio or one bedroom condos in older properties. Higher end condos and townhomes will sell for over a million.
New Construction in the Avenues
Condo and townhome sizes vary widely in the Avenues. Sizes range from 400-500 square feet for a small studio or one bedroom condo, up to 5,000 feet or more for larger townhomes and luxury units.
Prices for Avenues condos and townhomes start at around $250,000 for the very small studio or one bedroom condos in older properties. Higher end condos and townhomes will sell for over a million.
Multi-Family Homes and Investment Properties in the Avenues
Condo and townhome sizes vary widely in the Avenues. Sizes range from 400-500 square feet for a small studio or one bedroom condo, up to 5,000 feet or more for larger townhomes and luxury units.
Prices for Avenues condos and townhomes start at around $250,000 for the very small studio or one bedroom condos in older properties. Higher end condos and townhomes will sell for over a million.
The Beck Team are Avenues Real Estate Experts
The Beck Team are top Realtors in the Salt Lake City Avenues neighborhood. Please contact us if you would like to see any homes, condos, or townhomes, or to learn more about properties that could be a fit for you!
5. Maps and Location
6. More about the Avenues
Demographics & Quality of Life
The median household income in The Avenues significantly surpasses the citywide average, reflecting the neighborhood's affluent status. The Avenues are an attractive place to call home with an abundance of high-quality educational institutions nearby and the neighborhood's overall friendly atmosphere.
- The Avenues is a large chunk of the zip code 84103. About 23,000 people live in here.
- Median Age is 36, with 51% male/49% female
- Almost 33% have a Graduate or Professional degree
- Median Household Income is $73,373
- Commute time: 40.3% of the residents commute for less than 15 minutes, 42.7% commute for 15-30 minutes. (US Census)
- Walkability: The Avenues has an overall walkability score of 3.8 out of 5. (Maponics)
- The Avenues score 68/100 on the AARP Livability Index
- Maybe Jan and June temps (20-36) (62-91)
Avenues Area Schools
The Avenues are located in the Salt Lake City School District. The district serves over 23,000 students in 63 schools. The district's mission is to provide all students with the knowledge and skills they need to succeed in college, career, and life. The district has been recognized for its commitment to equity and inclusion. The district has also been recognized for its innovative programs and initiatives.
Rankings and Reviews: The Salt Lake City School District has been ranked in the top 10% of school districts in the United States by U.S. News & World Report. Wasatch Elementary School, Ensign Elementary School, Salt Lake Center for Science Education - Bryant, and West High School have all been rated as "Excellent" schools by GreatSchools.org
To receive an updated list of all Salt Lake City Avenues real estate located within the boundaries to any specific public school, please send an email to The Beck Team at thebecks@utahspot.com with the school, property preferences and budget that you’re working with, or call 801-455-6020.
Note: For more detailed information on specific schools zoned to different Salt Lake areas, please email us! We are happy to help.
Note: School zoning tends to change from year to year. The information provided above is accurate but not guaranteed. Please double-check by visiting the school district's and individual school's websites.
Parks and Outdoor Recreation
An Oasis of Tranquility amidst Urban Living: The Avenues seamlessly integrates urban living with an abundance of green spaces, providing residents with ample opportunities for outdoor recreation and relaxation. In the Avenues are several beautiful parks that offer a variety of recreational activities for people of all ages. Here are some of them:
Memory Grove Park: This tranquil park is located at 300 N Canyon Rd and offers a serene setting for reflection and remembrance. With its winding paths, towering trees, and tranquil creek, Memory Grove is a popular spot for picnics, walks, and quiet contemplation.
Kay Rees Park: This mini park is located at the top of H Street at 14th Ave, with a multi-use field and access to trails leading into the foothills.
11th Avenue Park: This neighborhood park is located at 581 Terrace Hills Dr and offers a variety of amenities for both active and passive recreation. There are tennis courts, a soccer field, a playground, and plenty of open space for running around. 11th Avenue Park is also a great spot to catch some shade on a hot day.
Lindsey Gardens Park: This charming park is located at 426 M St E and offers a delightful blend of natural beauty and recreational activities. With its meandering paths, mature trees, and spacious lawn, Lindsey Gardens is a popular spot for picnics, walks, and leisurely strolls. The park also features a playground and a wading pool for children to enjoy.
Popperton Park: This hidden gem is located at 1400 Popperton Park Way and offers stunning views of the Salt Lake Valley. With its elevated location and expansive vistas, Popperton Park is a popular spot for picnics, sunsets, and stargazing. The park also features a playground and a walking path, making it a great place to get some exercise and enjoy the outdoors.
Reservoir Park: This park is located at 42 University St, just outside the Avenues, with a great playground and picnic tables, as well as a couple of tennis courts and multi-purpose fields.
Entertainment, Arts & Culture
Arts and Culture: The Avenues has a vibrant arts and culture scene, captivating the imagination and enriching the lives of its residents. Art galleries, independent shops and restaurants, each with its unique character, add to the neighborhood's eclectic charm, offering a delightful array of cultural, culinary and retail experiences. The City Creek Center, the Gateway, and Trolley Square are all close by, with many other shops and dining options. Some nearby cultural options:
Salt Lake Art Center: This contemporary art museum is located at 200 E 500 S and offers a variety of exhibits, classes, and events.
Eccles Theater: This performing arts center is located at 131 S Main St and hosts a variety of Broadway shows, concerts, and other performances.
Capitol Theatre: This historic theater is located at 80 W 200 S and hosts a variety of concerts, movies, and other events.
Utah Film Center: This independent film center is located at 120 S Main St and offers a variety of screenings, classes, and events.
This Is the Place Heritage State Park: This park is located at 2070 E 300 S and tells the story of the Mormon pioneers. The park features a variety of exhibits, gardens, and historic buildings.
Red Butte Garden and Arboretum: This botanical garden is located at 300 Wakara Way and features a variety of plants, flowers, and trees. The garden also hosts a variety of concerts, classes, and events.
Tracy Aviary: This bird zoo is located at 500 S 1100 E and houses a variety of birds from around the world. The zoo also offers a variety of classes, programs, and events.
Hogle Zoo: This zoo is located at 2630 E Sunnyside Ave and houses a variety of animals from around the world. The zoo also offers a variety of rides, classes, and events.
Utah Museum of Fine Arts: This museum is located at 151 S Main St and houses a collection of over 15,000 works of art. The museum also offers a variety of classes, programs, and events.
Natural History Museum of Utah: This museum is located at 301 Wakara Way and features a variety of exhibits about the natural world. The museum also offers a variety of classes, programs, and events.
These are just a few of the many arts and entertainment options located near Salt Lake City's Avenues neighborhood. With its variety of museums, theaters, shops and dining options, there something for everyone to enjoy.
The Beck Team Insider Real Estate Guide
Salt Lake City Avenues
Real Estate and Neighborhood Guide
We LOVE the Avenues. The Avenues proudly showcases an eclectic array of housing options, catering to a diverse range of lifestyles and preferences. From stately Victorian mansions adorned with intricate details to sleek modern apartments and condominiums, the neighborhood's architectural landscape is a mesmerizing tapestry of styles. Many of these homes, lovingly preserved by their owners, stand as testaments to the neighborhood's rich heritage and enduring appeal.
The Avenues traces its roots back to the late 1850s, emerging as one of Salt Lake City's first neighborhoods. Its founders, guided by a vision of order and harmony, meticulously laid out the area in a grid pattern, with numbered avenues running east-west and lettered streets traversing north-south. This distinctive layout, largely unchanged since its inception, lends The Avenues its distinctive character, a harmonious blend of modern convenience and a deep connection to the past.
The Beck Team are the best real estate agents working in the Salt Lake City Avenues neighborhood. Please contact us if you would like to see any homes, condos, or townhomes, or to learn more about properties that could be a fit for you!
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2180 S 1300 E, #140 - Salt Lake City, Ut 84106 - Jenn 801-455-6020 - Erin 801-518-0226
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