Wasatch Front Quarterly Market Reports 2018 Q1 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 5,282 UNITS $264 K $233 K 5,710 UNITS $279 K $248 K 6,504 UNITS $298 K $270 K 6,614 UNITS $322 K $290 K 6,732 UNITS $352 K $315 K $100 K $200 K $300 K $400 K 564 UNITS $141 K $130 K 593 UNITS $142 K $133 K 818 UNITS $151 K $143 K 846 UNITS $165 K $156 K 1,092 UNITS $185 K $180 K $100 K $200 K $300 K $400 K 913 UNITS $171 K $167 K 1,111 UNITS $188 K $183 K 1,237 UNITS $197 K $193 K 1,361 UNITS $215 K $210 K 1,542 UNITS $237 K $231 K 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2018 single family homes 2018 single family homes 2018 condominiums 2018 condominiums 2018 town homes 2018 town homes AVERAGE SALES PRICE MEDIAN SALES PRICE AVERAGE SALES PRICE MEDIAN SALES PRICE AVERAGE SALES PRICE MEDIAN SALES PRICE 9% 9% 12% 16% 10% 10% $352,148 $315,000 $184,552 $180,297 $236,565 $231,000 *Percentage change compared to the same time previous year, rolling 12 month format. i Takeaway: Utah County has had significant price appreciation in all property types. The county saw an increase in the number of properties sold across all property types over the last 12 months. This trend has continued for the last five years in Utah County, with the quantity of properties sold outpacing the year before. Overall, buyers are continuing to move to Northern Utah County and we expect continued strong property sales, especially in the Lehi and Saratoga Springs areas. FIRST QTR 2018 All statistics are based upon Wasatch Front Regional MLS data for the period of 4/1/2017 to 3/31/2018. © 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 9% $352,148 2017 2018 2018 single family homes MEDIAN SALES PRICE 9% $315,000 TOWN HOMES Average and Median Sales Price 2018 condominiums AVERAGE MEDIAN 2018 town homes AVERAGE 2016 2017 2015 2014 MED UNITS 2018 2018 condominiums SALES PRICE K 2017 2016 2015 2014 AVERAGE 2016 2018 single family homes SALES PRICE 2015 2014 CONDOMINIUMS $ Average and Median Sales Price SINGLE FAMILY HOMES $ 2018 2018 town homes MEDIAN SALES PRICE SALES PRICE SALES PRICE 12% 16% 10% 10% $184,552 $180,297 $236,565 $231,000 *Percentage change compared to the same time previous year, rolling 12 month format. i Takeaway: Utah County has had significant price app XX][ۈ[[\H\\ˈH[H][[ܙX\H[H\و\Y\Xܛ[\H\\ݙ\H\ L[۝ˈ\[\۝[YY܈H\]HYX\[]Z[K]H]X[]Hو\Y\]X[HYX\YܙKݙ\[ ^Y\\H۝[Z[[ݙHܝ\]Z[H[H^X۝[YYۙ\H[\\XX[H[HZH[\]H[\X\˂[]\X\H\Y\ۈ\]۝Y[ۘ[S]H܈H\[و Ǩ M Ǩ N TU NH 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