Wasatch Front Quarterly Market Reports 2019 Q2 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.
UNITS
6,130 6,492
6,532
6,696
6,922
2019
single family homes
AVERAGE
SALES PRICE
9%
$393,036
2019
single family homes
MEDIAN
SALES PRICE
9%
$355,000
2015
2016
2017
Average and Median Sales Price
2018
2019
664 837 901 1,009 901
2019
condominiums
2019
condominiums
AVERAGE
MEDIAN
SALES PRICE
SALES PRICE
2016
2018
2017
MED
2015
2019
TOWNHOMES
2018
2017
2016
$
Average and Median Sales Price
2015
CONDOMINIUMS
$
Average and Median Sales Price
SINGLE FAMILY HOMES
$
2019
1,204 1,204 1,433 1,533 1,798
2019
townhomes
AVERAGE
SALES PRICE
12% 13% 11%
$210,899 $207,400 $271,728
2019
townhomes
MEDIAN
SALES PRICE
12%
$269,900
*Percentage change compared to the same time previous year, rolling 12 month format.
i
Takeaway: Utah County experienced a substantial increase in the total number of townhomes sold over the past 12 months
and a decrease in the number of condominiums sold. With townhome construction in the area increasing, this trend is likely
to continue. As Utah County’s population continues to grow, median sales price increased across all property types between
8.5%-13%. Buyers find value in the area and we anticipate a continued strong market in Utah County.
Q2
19
All statistics are based upon Wasatch Front Regional MLS data for the period of 7/1/18 to 6/30/19.
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