I have listed the various sectors of the
market and compiled research, graphs and commentary. My
name is Paul Teasdale with Team Teasdale Realty. I have been in the business since
1995 and have sold over 1,200 homes in Utah County. I
believe less than 20 Realtors in Utah County out of
2,200 have sold this many homes.
I have been watching
and studying the Utah County Real Estate Market for
almost two decades. If you have any questions or would
like to speak to me about my current opinion don't be
shy. Call me!
Utah County Sold Homes
2014 - The number of homes sold
in 2013 was quite high. We had 368 homes sell sell alone in
November 2013.
Utah County Sold
Homes - 2014
Utah County Percentage of Listings SOLD
2014 - The Utah County Real
Estate market went nuts in 2012. The buyer's returned to the market and
the percentage of homes sold broke out above 19%. The percentage of
homes sold hit a record high of 22%. This means the average home was
taking a little over four months to sell compared to an earlier 20
months to sell in 2008. In 2013 this trend slightly climbed up to 29% of
the homes selling in May of 2013.
Percentage of Utah County
Listings Sold - 2014
Utah County Average Sold Price
2014 - The Utah County Real
Estate Market was stable in 2013. The average price of a home rose
to nearly $250,000 in 2013. Our Utah County Real Estate Market has
changed from a buyer's market to a seller's market.
Utah
County Average Sold Price - 2014
Utah County Active Condos
2014 - The
inventory of condos in Utah County remained between
150-250 in 2013. The Utah County Real Estate Market really
boomed in 2012 and 2013. Buyer's came back to the market and
started to really buy condos again. The prices on condos
for the first time in five years started going up again.
Had we hit the bottom of the market? Most likely this
was the bottom. In fact, the bottom of the market
appears to be the 4th quarter of 2011.
See the updated graph and more info:
Utah County Active Condos
Graph - 2014
Utah County Sold Condos
2014 - The
entire Utah County Real Estate market drastically
improved in 2012-13. However, condos did not take off like
land and homes. Condos seemed to slowly move. The market
was still trying to digest the large inventory. Many
buyer's left condos when prices crashed and moved up
into a home.
Are you looking to buy a condo in Utah
County? Contact Paul Teasdale of Team Teasdale Realty.
Paul has been selling condos in Utah County since 1995.
Be sure to check out our website specifically made for
Provo Utah Condo
Buyers - 2014.
Utah County Condos Sold
Graph - 2014
Utah County Active & Sold Home Priced Between $250k-$500k -
Graph
The number of Utah County homes sold priced between
$250k-$500k has been climbing since the begining of
2012. In fact, we had 143 homes in this price range sell
in November of 2013. This was our highest number of homes selling over the
past four years. Sold Homes Priced
Between $250k-$500k - 2014
Utah County Active & Sold Home Priced Over $500k - Graph
The number of Utah County homes sold priced over $500k hit
a record high July of 2007. As you can see many people did not realize
we were on the edge of a cliff in the first two quarters of 2007. The
homes sold in this price range dropped from 50 a month in July of 2007
down to 9 in October of 2007. What a huge decline! The number of homes
selling in this price range averaged around 20 per month in 2013.
Sold Homes Priced
Over
$500k+ - 2014
Paul Teasdale on Google+