Single Family Home Sales: Down 25.5%
Condominium Sales Down: Down 6.3%
Average Sold Price: Up 9.6%
2007 Statistics
Number of Single Family Homes Sold: 4,475
Number of Condos Sold: 1,292
Average Single Family Home Price: $289,311
Median Single Family Home Price: $240,000
Average Sold Condo Price: $172,248
Average Days on Market: 51
2006 Statistics
Number of Single Family Homes Sold: 6,013
Number of Condos Sold: 1,408
Average Single Family Home Price: $261,396
Average Sold Condo Price: $152,245
Average Days on Market: 50
The Utah Valley Trend is very consistent with the state as a whole. Number of Home sales is substantially down, but home prices continue to climb in Utah county. As of January 3rd there were 3,505 single family homes listed on the MLS in Utah County. At the 2007 pace of homes sold, if no additional properties were listed it would take nine months to liquidate all Utah County houses for sale.
The average price of houses on the market is $415,664, with a median price of $320,000, exactly $80,000 more than the average median sold price of 2007. Homes on the market right now have already been on for an average of 90 days.
Alpine Houses Sold:62
Average Sold Price: 808,430
Median Sold Price: 615,000
American Fork Houses Sold: 233
Average Sold Price: 280,041
Median Sold Price: 240,000
Cedar Hills Houses Sold: 85
Average Sold Price:388,000
Median Sold Price: 350,000
Eagle Mountain Houses Sold: 364
Average Sold Price: 242.000
Median Sold Price: 218.000
Highland Houses Sold: 141
Average Sold Price: 562,062
Median Sold Price: 516,465
Lehi Houses Sold: 691
Average Sold Price: 309,000
Median Sold Price: 269,000
Lindon Houses Sold: 56
Average Sold Price: 418,000
Median Sold Price: 370,000
Mapleton Houses Sold: 59
Average Sold Price: 415,000
Median Sold Price: 389,000
Orem Houses Sold: 529
Average Sold Price: 261,000
Median Sold Price: 225,000
Payson Houses Sold: 227
Average Sold Price: 222,000
Median Sold Price: 200,000
Pleasant Grove Houses Sold: 242
Average Sold Price: 307,000
Median Sold Price: 257,000
Provo Houses Sold:580
Average Sold Price: 252,700
Median Sold Price: 206,000
Santaquin Houses Sold: 115
Average Sold Price: 226,000
Median Sold Price: 215,000
Spanish Fork Houses Sold: 429
Average Sold Price: 243,000
Median Sold Price: 218,000
Saratoga Springs Houses Sold: 252
Average Sold Price: 301,000
Median Sold Price: 270,000
Springville Houses Sold: 309
Average Sold Price: 237,000
Median Sold Price: 208,000
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