Wasatch Front Quarterly Market Reports 2019 Q3 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
8%
$399,127
2018
2019
7,160 7,470 7,823
2019
single family homes
MEDIAN
SALES PRICE
8%
$360,000
TOWNHOMES
Average and Median Sales Price
MED
$192 2017
2019
single family homes
SALES PRICE
UNITS 6,915 7,200
2016
$
Average and Median Sales Price
2015
CONDOMINIUMS
$
Average and Median Sales Price
SINGLE FAMILY HOMES
$
2015 2016 2017 2018 2019 2015 2016 2017 2018 2019
815 874 1,035 1,038 1,090 1,342 1,344 1,645 1,755 2,051
2019
condominiums
2019
condominiums
AVERAGE
MEDIAN
SALES PRICE
2019
townhomes
AVERAGE
2019
townhomes
MEDIAN
SALES PRICE SALES PRICE SALES PRICE
10% 12% 10% 10%
$212,501 $210,000 $276,934 $274,000
*Percentage change compared to the same time previous year, rolling 12 month format.
i
Takeaway: Utah County has continued to deliver new townhomes to the market as townhome sales increased almost 17%. The
median sales price of townhomes also rose 10% compared to last year. Consumers need affordable housing and Utah County
continues to approve new projects to provide options. The median sales price for single family homes, condominiums and
townhomes have all increased a minimum of 8% over the past year as consumers continue to pour into Utah County.
Q3
19
All statistics are based upon Wasatch Front Regional MLS data for the period of 10/1/18 to 9/30/19.
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