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WVC home prices more affordable

(Salt Lake Tribune) One of the most affordable housing markets in the Salt Lake area has become even more so after a two-year slide in home values along the Wasatch Front.

Median home prices in West Valley City are down more than 12 percent from a peak of $191,540 in 2007, according to data from the Salt Lake Board of Realtors. That means today's median selling price of about $167,000 represents a price rollback to 2006 levels.

The price declines continue to make the area a haven for low-to-moderate-income buyers, many of whom are buying a home for the first time.

"For as little as $150,000 to $180,000 you can get a nice home in the West Valley City area that doesn't need a whole lot of work," said Realtor Aaron Marshall. Three years ago, those homes were going for $215,000 to $250,000, he said.

Robert Stock and his wife, Casie, just closed on a nearly 2,500-square-foot rambler in West Valley City. While the couple work near downtown Salt Lake City, they elected to buy a west-side home because of how far their home-buying dollars would go. "We got more for our money in West Valley," Robert Stock said.

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