Wasatch Front Quarterly Market Reports 2018 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.
$
Average and Median Sales Price
2016
2018
single family homes
AVERAGE
SALES PRICE
8%
$379,717
2017
2018
2018
single family homes
MEDIAN
SALES PRICE
9%
$342,450
Average and Median Sales Price
2014
2018
condominiums
AVERAGE
MEDIAN
SALES PRICE
8%
8%
$199,931
$195,000
2014
2015
2018
town homes
AVERAGE
SALES PRICE
10%
$260,670
2016
2017
MED
1,025
2018
2018
condominiums
SALES PRICE
$200
2017
2016
2015
2015
TOWN HOMES
2014
CONDOMINIUMS
$
Average and Median Sales Price
SINGLE FAMILY HOMES
$
2018
2018
town homes
MEDIAN
SALES PRICE
11%
$257,000
*Percentage change compared to the same time previous year
i
Takeaway: Utah County saw a slight increase in the number of single family homes sold in 2018 vs 2017. Town homes were
the most sought-after property type in 2018 with an almost 10% increase in number of properties sold in 2018 vs 2017.
Across all property types, Utah County saw increases of 8% - 11% in the median and average sales prices in 2018. We expect
appreciation to continue in Utah County, especially in housing under $400K.
All statistics are based upon Wasatch Front Regional MLS data for the period of 1/1/18 to 12/31/18.
YEAR END
2018
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