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% |