Utah County 2nd Quarter 2007 Home Prices
The numbers below hide a slowdown in the Utah County real estate market. While most regions appear to show double digit growth, the last few months have seen a drastic decrease in the number of homes sold. For example, Saratoga Springs saw 148 homes sold in June 2006, but in June 2007 only 81 homes were sold. This is forcing inventory up and putting pressure on home prices.
The table below shows the median price, percentage change (compared to same time last year) and units sold for each of the cities in Utah County.
| City | Median Price | Days on Market | Percentage Change |
|---|---|---|---|
| Alpine - 84004 | $573,185 | 23 | down 18.1% |
| American Fork - 84003 | $314,700 | 107 | down 4.3% |
| Cedar Fort - 84013 | $223,750 | 3 | up 39.93% |
| Cedar Hills - 84062 | $315,000 | 109 | up 19.34% |
| Eagle Mountain - 84043 | $273,900 | 212 | up 27.4% |
| Elk Ridge - 84651 | $220,500 | 76 | up 29.71% |
| Goshen - 84633 | $132,787 | 4 | up 22.99% |
| Highland - 84003 | $314,700 | 107 | down 4.3% |
| Lehi - 84043 | $272,950 | 212 | up 26.95% |
| Lindon - 84042 | $438,000 | 15 | up 84.81% |
| Mapleton - 84664 | $404,900 | 24 | up 31.46% |
| Payson - 84651 | $220,500 | 76 | up 29.71% |
| Pleasant Grove - 84062 | $315,000 | 109 | up 19.34% |
| Salem - 84653 | $345,900 | 14 | up 43.56% |
| Santaquin - 84655 | $207,000 | 38 | up 20% |
| Saratoga Springs - 84043 | $273,900 | 212 | up 27.4% |
| Spanish Fork - 84660 | $223,500 | 124 | up 22.87% |
| Springville - 84663 | $208,700 | 107 | up 19.6% |
| Vinyard - 84058 | $221,023 | 49 | up 21.31% |
| Woodland Hills - 84653 | $345,900 | 14 | up 43.56% |