Wasatch Front Quarterly Market Reports 2017 Year End Wasatch Front Market Report - Page 5

UTAH COUNTY
Utah County is home to community-focused neighborhoods , high-tech companies , and entrepreneurial start-ups . Utah county includes Alpine , American Fork , Cedar Hills , Draper , Eagle Mountain , Elk Ridge , Highland , Lehi , Lindon , Mapleton , Orem , Payson , Pleasant Grove , Provo , Salem , Santaquin , Saratoga Springs , Spanish Fork , Springville , Woodland Hills .
$ SINGLE FAMILY HOMES
$ CONDOMINIUMS
Average and Median Sales Price Average and Median Sales Price
$
TOWN HOMES
Average and Median Sales Price
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
AVG MED
$ 100 K $ 200 K $ 300 K $ 400 K
5,104 UNITS $ 256 K $ 230 K
5,388 UNITS $ 238 K $ 272 K
6,274 UNITS $ 292 K $ 265 K
6,615 UNITS $ 314 K $ 284 K
6,503 UNITS $ 341 K $ 309 K
$ 100 K $ 200 K $ 300 K $ 400 K
523 UNITS $ 142 K $ 127 K
582 UNITS $ 141 K $ 131 K
781 UNITS $ 139 K $ 150 K
825 UNITS $ 158 K $ 152 K
1,036 UNITS $ 179 K $ 178 K
$ 100 K $ 200 K $ 300 K $ 400 K
886 UNITS $ 167 K $ 163 K
1,025 UNITS $ 184 K $ 179 K
1,239 UNITS $ 193 K $ 189 K
1,306 UNITS $ 211 K $ 206 K
1,491 UNITS $ 233 K $ 231 K
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017
2013 2014 2015 2016 2017
2017 single family homes
2017 single family homes
2017 condominiums
2017 condominiums
2017 town homes
2017 town homes
AVERAGE SALES PRICE
MEDIAN SALES PRICE
AVERAGE SALES PRICE
MEDIAN SALES PRICE
AVERAGE SALES PRICE
MEDIAN SALES PRICE

8 % 9 % 14 % 17 % 11 % 12 %

$ 340,746 $ 309,250 $ 179,463 $ 177,658 $ 233,151 $ 230,573
* Percentage change compared to the same time previous year i
Takeaway : From 2016 to 2017 , Utah County saw strong appreciation across all property types . However , similarly to Salt Lake County , Utah County saw an increase in the number of condominiums and town homes sold and a slight decrease in number of single family homes sold . Between affordability of single family homes , scarcity of vacant homesites , and an increase in first time home buyers , it ’ s not surprising that many buyers are turning to condominiums and town homes over single family homes .
YEAR END
2017
All statistics are based upon Wasatch Front Regional MLS data for the period of 1 / 1 / 17 to 12 / 31 / 17 .
© 2018 BHH Affiliates , LLC . An independently owned and operated franchisee of BHH Affiliates , LLC . Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America , Inc .® Equal Housing Opportunity . Information not verified or guaranteed .
UTAH COUNTY Utah County is home to community-focused neighborhoods, high-tech companies, and entrepreneurial start-ups. Utah county includes Alpine, American Fork, Cedar Hills, Draper, Eagle Mountain, Elk Ridge, Highland, Lehi, Lindon, Mapleton, Orem, Payson, Pleasant Grove, Provo, Salem, Santaquin, Saratoga Springs, Spanish Fork, Springville, Woodland Hills. $ Average and Median Sales Price AVERAGE 8% $340,746 2016 2017 2017 single family homes MEDIAN SALES PRICE 9% $309,250 TOWN HOMES Average and Median Sales Price 2014 2017 condominiums AVERAGE MEDIAN SALES PRICE 2013 2014 2017 town homes AVERAGE SALES PRICE 2015 2016 MED $163 UNITS 2017 2017 condominiums SALES PRICE K 2016 2015 2013 2015 2017 single family homes SALES PRICE 2014 2013 CONDOMINIUMS $ Average and Median Sales Price SINGLE FAMILY HOMES $ 2017 2017 town homes MEDIAN SALES PRICE 14% 17% 11% 12% $179,463 $177,658 $233,151 $230,573 *Percentage change compared to the same time previous year i Takeaway: From 2016 to 2017, Utah County saw strong appreciation across all property types. However, similarly to Salt Lake County, Utah County saw an increase in the number of condominiums and town homes sold and a slight decrease in number of single family homes sold. Between affordability of single family homes, scarcity of vacant homesites, and an increase in first time home buyers, ]8&\›\\[]X[H^Y\\H\[ۙZ[][\[ۈY\ݙ\[H[Z[HY\˂[]\X\H\Y\ۈ\]۝Y[ۘ[S]H܈H\[و KKM LKM˂QPTS M°H NY[X]\ˈ[[\[[HۙY[\]Y[\YHوY[X]\ˈ\\H]]^HYT\X\[H\\H]]^BYT\X\[X\HY\\Y\XHX\وYT\X\و[Y\XK[˰\]X[\[ܝ[]K[ܛX][ۈ\YYY܈X\[YY