Utah Real Estate Market Conditions

From 2000-2006, the number of Kearns homes sold almost doubled.  Since that time, the number of homes sold almost cut back in half.  Kearns Real Estate sales price spent a few years in the low 100s before prices took a jump to the mid 100s where they currently stand.

From 2000-2004, Real Estate in Holladay experienced small changes in price and the number of homes sold.  In 2005, the number of Holladay homes sold started to take off.  Price followed suit in 2006 then slowly started to decrease. Holladay Real Estate increased last year in both average price and the number of homes sold. 

Despite recent market conditions, homes in Herriman sold only decreased took a big drop for one year and is now at an all time high.  That being said, Herriman Real Estate prices have continued to decrease and are currently still above the estimated appreciation since 2000.

Over the past ten years, Draper Real Estate went from selling under 500 homes to selling close to 1,000 homes to selling just under 700.  Draper homes sold prices increased steadily for several years then took a drop.  Currently, the median price of homes is in the low 300s.  The decrease in price over the past few years may have something to do with the fact that the number of sold homes in Draper increased last year.

Established a s a city in 2005, only a few homes in Cottonwood Heights sold before then.  Since that time, numbers have skyrocketed.  On the other hand, sold price of Cottonwood Heights Real Estate has been decreasing on average and is way off of the estimated appreciation established from the sold price in 2000.  It may have something to do with the fact that homes were selling in the 400s during that time period.

Bluffdale Real Estate tripled from 2002 to 2003 and has stayed somewhat close to 100 since.  Sold price of homes in Bluffdale over the past ten years dropped then skyrocketed and is currently right where the appreciation line would put it.

Sold Price of homes in Woods Cross had steadily increased until just last year.  The number of Woods Cross homes sold on the other hand, has been up and down.  Woods Cross is part of a group of about five other cities in the county that experienced an increase in the number of homes sold last year. 

The number of homes in West Point sold more than doubled from 2000 to 2006.  Since that time, numbers have steadily fallen, while prices have dropped to where the 4% appreciation would put them.  West Point Real Estate had an average sold price in the low 200s last year.

In seven years, Syracuse homes sold more than quadrupled.  In the three years following, that number was almost cut in half.  Prices for Syracuse Real Estate has been higher than the estimated appreciation shows, but is still very reasonable for current conditions.