Utah County Home Sales Statistics for '07

By
Real Estate Agent with Boomerang Leads

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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Rainmaker
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Alan Barker
Boomerang Leads - Smithfield, UT
I hear that foreclosure Filings in Provo, Orem, American Fork, and Spanish Fork are also up in Utah County.
Jan 16, 2008 03:17 AM #1
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Rainmaker
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