Both Utah County and Davis County continued their upward trend in the 2nd quarter 2016. Median sales prices were up and homes sold a lot faster than the same time last year.
Another strong quarter for Davis County single family home prices saw the median sales price climb 11.60% to $267,000, which were the biggest gains across Salt Lake, Utah and Davis County. These price increases were driven by strong home sales which climbed 6.74%. Homes also sold fast, really fast, taking a median of just 8 days to go under contract.
Below are the best and worst performing southern Davis County areas:
Best Performing AreasClearfield – 84015 – Up 13.61% – $217,000Layton – 84040 – Up 12.51% – $294,900
Worst Performing AreasCenterville– 84014 – Down 2.2% – $288,500Bountiful – 84010 – Up 5.81% – $275,000
For a more detailed breakdown please visit our Davis County Home Sales page.
Utah County returned another strong quarter with median sales prices returning a 7.55% increase, with the new median sales price for a single family home now standing at $285,000. All this was despite a drop in the sales volume, which declined slightly, dropping 1.69%. The median number of days it took to put a home under contract dropped over 40%, taking just 13 days, which while not the single figure levels seen in other counties, still points to a very strong sellers market.
Below are the best and worst performing northern Utah County areas:
Best Performing AreasAmerican Fork – 84003 – Up 22.69% – $368,000Mapleton – 84664 – Up 16.24% – $388,250
Worst Performing AreasLindon– 84042 – Down 7.76% – $350,500Alpine – 84004– Down 3.55% – $475,000
For a more detailed breakdown please visit our Utah County Home Sales page.