Welcome to the SoldByDenise.com Blog

2019-11-30 17:55:04
Utah County November Housing Market Update
Daily Herald Link

Home prices in Utah County continue to rise, although the market is changing, according to the Wasatch Front Multiple Listing System.

Still, the typical four-bedroom, three-bath home with just under 2,500 square feet sold for a median average of $323,785 over the last 12 months. During that same period Utah County prices for all types of homes rose 7.7%. About 850 homes sold on a median average every month. Homebuyers who paid a median price of $302,000 in November 2018 will now pay a median price of about $333,000 with a price per square foot of $133.

Time on the market is just under 30 days.

However, looking at different price ranges the market varies. In the Provo/Orem area the median price for a single-family home rose from $300,500 12 months ago to $312,250 in October, an overall median average of about $341,000, an increase of just under 4%. A median average of just fewer than 110 homes sold monthly.

The typical Provo/Orem home had 4.3 bedrooms and 2.75 baths and sold in about 26 days, for 106% on the asking price. Price per square foot had a median average of $155.

The north county area from Lindon to Cedar Fort saw more activity with a median average of 322 homes selling monthly at a median average of $407,062 and a 10.7% increase in price over the last 12 months. The typical home in that area is more than 3,200 square feet, $138 a square foot with 4.3 bedrooms and 3.25 baths taking nearly 40 days to sell.

Looking south, from Springville to Goshen a median average of 149 homes sold monthly in the last 12 months for a median average of $370,786, up more than 14%. Sellers walked away with a median average of 107% of their asking price. The typical home in that area has more than 3,000 square feet, 4.3 bedrooms and 3.25 baths, selling in 36 days. Price per square foot is about $135.

In Suncrest, primarily a mountainous region of Draper in Utah County, a median average of just over six homes sold each month during the last 12 months for a median average price of $529,889, 107% over asking price. The typical homes at that price measures nearly 3,900 square feet with four bedrooms and three baths at $138 a square foot and selling in 23 days.

In October seven homes sold in a median average of 47 days at a median price of $550,000, while a month earlier it took only a average median of 12 days to sell 11 homes at an average median price of $557,859 indicating a change in the market.

Not every home is selling during the typical listing period, generally six months. More than 3,200 listings were either canceled or expired over the last 12 months, around 266 per month. Sellers and their agents still need to price their homes according to the market to get a timely sale or get it sold at all.

Blog Archive
2020-01-23 20:21:32
Are homes still affordable?

2020-01-13 21:58:41
How purchasing a home early significantly increases your wealth

2019-12-26 20:34:36
How to improve your curb appeal

2019-11-30 17:55:04
Utah County November Housing Market Update

2019-11-25 20:23:16
Real Estate Terms We Should Retire in 2019

2019-11-22 18:32:21
With Mortgage rates so low, now is the time to buy

2019-11-21 20:08:32
Why I love Real Estate

2019-11-18 14:55:50
2 Myths Holding Back Home Buyers

2019-11-08 18:47:59
2019 Homes are Still Selling Quickly (Infographic)

2019-10-26 13:05:25
Best and Worst Remodel Projects

2019-10-18 10:25:51
2019 Ends with homes selling quickly

2019-10-01 08:54:02
How to choose a home inspector

2019-09-23 08:51:18
What Buyers Need to Know About HOA

2019-07-16 11:43:14
Why live in Utah? It is a great place!

2019-07-07 18:33:48
Salt Lake Metro still one of the hottest real estate markets

2019-07-07 18:25:43
Where are the most expensive places to live in Utah?

2019-06-20 17:08:25
What is Private Mortgage Insurance?

2019-05-03 11:54:12
Utah Driver's License Renewal

2019-05-02 12:43:38
Orem Garage Sales Codes and Regulations

2019-04-25 17:38:23
What is the best time to sell a home in Utah

2019-04-13 20:46:10
How is Utah County Property Tax Distributed

2019-04-13 20:39:33
Salt Lake Metro is 7th Fastest Price Increase

2018-09-28 09:16:28
October 2018 is a Great Time to Buy

2018-09-27 21:42:07
How Are Utah Property Taxes Used?

2018-09-06 13:42:03
Home Sales Cool Summer of 2018

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.