May 29, 2009

Here are a few stats to give you an idea of how the real estate market is doing in Utah County. I have only included a few cities, so if I missed your city, feel free to email me or say so in “comments”. I would be happy to get any city in Utah County for you.

 

 

Orem

2007  
  Units Sold Median Price Average Price  
1st Quarter 176 $201,500 $235,800  
2nd Quarter 215 $210,000 $225,605  
3rd Quarter 211 $211,000 $233,493  
4th Quarter 129 $212,000 $236,564  
Total Year 731 $210,500 $232,866  
Change -32% 17% 13%  
     
2008  
  Units Sold Median Price Average Price  
1st Quarter 118 $183,000 $219,213  
2nd Quarter 162 $205,000 $230,721  
3rd Quarter 200 $194,700 $211,271  
4th Quarter 36 $200,100 $211,289  
Total Year 516 $197,400 $218,124  
Change -29% -6% -6%  
     
2009  
  Units Sold Median Price Average Price  
1st Quarter 92 $194,400 $230,449  
2nd Quarter        
3rd Quarter        
4th Quarter        
Total Year 92 $194,400 $230,449  
Change -82% -2% 6%

 

 

Provo

 

2007
  Units Sold Median Price Average Price
1st Quarter 242 $177,240 $197,262
2nd Quarter 328 $187,000 $212,114
3rd Quarter 269 $185,000 $254,807
4th Quarter 149 $189,900 $208,301
Total Year 988 $186,000 $218,121
Change -23% 9% -4%
   
2008
  Units Sold Median Price Average Price
1st Quarter 133 $200,000 $220,661
2nd Quarter 220 $195,000 $221,163
3rd Quarter 251 $188,250 $221,635
4th Quarter 45 $195,000 $211,225
Total Year 649 $195,000 $218,671
Change -34% 5% 0%
   
2009
  Units Sold Median Price Average Price
1st Quarter 132 $200,000 $248,034
2nd Quarter      
3rd Quarter      
4th Quarter      
Total Year 132 $200,000 $248,034
Change -80% 3% 13%

 

Alpine

 

2007  
  Units Sold Median Price Average Price  
1st Quarter 14 $615,000 $648,071  
2nd Quarter 23 $573,185 $783,607  
3rd Quarter 17 $853,950 $932,606  
4th Quarter 6 $580,000 $658,735  
Total Year 60 $597,500 $755,755  
Change -35% -5% 14%  
 
2008  
  Units Sold Median Price Average Price  
1st Quarter 5 $473,621 $441,546  
2nd Quarter 14 $439,000 $514,579  
3rd Quarter 17 $567,500 $605,255  
4th Quarter 1 $350,000 $700,000  
Total Year 37 $456,311 $565,345  
Change -38% -24% -25%  
 
2009  
  Units Sold Median Price Average Price  
1st Quarter 15 $522,750 $678,900  
2nd Quarter        
3rd Quarter        
4th Quarter        
Total Year 15 $522,750 $678,900  
Change -59% 15% 20%

 

Lindon

 

2007
  Units Sold Median Price Average Price
1st Quarter 15 $311,250 $385,817
2nd Quarter 16 $438,000 $430,006
3rd Quarter 15 $502,000 $496,413
4th Quarter 11 $309,500 $310,536
Total Year 57 $374,625 $405,693
Change -16% 10% 16%
   
2008
  Units Sold Median Price Average Price
1st Quarter 8 $310,000 $324,887
2nd Quarter 10 $331,650 $356,395
3rd Quarter 12 $285,353 $315,701
4th Quarter 6 $336,400 $311,367
Total Year 36 $320,825 $327,088
Change -37% -14% -19%
   
2009
  Units Sold Median Price Average Price
1st Quarter 5 $372,500 $306,200
2nd Quarter      
3rd Quarter      
4th Quarter      
Total Year 5 $372,500 $306,200
Change -86% 16% -6%


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