PROVO/OREM REAL ESTATE MARKET SECOND BEST IN COUNTRY
Orem, Utah — 2008 President of the Utah County Association of Realtors® Kenny Parcell is pleased but not surprised by recent national reports that many Utah housing markets are defying national trends and remain healthy and robust.
Business Week recently announced the best housing markets for the third quarter with Provo/Orem coming in at a solid number two. They compared markets across the U.S. that performed the best in terms of price appreciation in the third quarter of 2007 compared with the same period in 2006. Also in the top five were Ogden-Clearfield at number four and Salt Lake City at number five.
According to Parcell, Broker in the RE/MAX Results Spanish Fork office, “We continue to enjoy a stronger market than many national areas because our economic fundamentals like a healthy job market, population growth, increasing wages, and low interest rates, to name a few, show that while slower than last year, our market is stable and represents a great buyers market.”
The Utah County Association of Realtors® reports that the third quarter average sales price for Utah County homes was $301,065 with condos coming in at $175,167. This is a rise of 5.78% for homes and 17.41% for condos from the 3 rd quarter average sales price of 2006. In addition, existing home sales show the average ‘days on market’ are only one percent longer than this same time in 2006.
“One of the factors that makes a difference for our local market is population growth. Growth indicates that demand for homes will continue into the future,” stated Association CEO Taylor Oldroyd. According to the U.S. Census Bureau, Utah is the third fastest growing state in the country.
“With the national media indicating almost daily that the housing market is in trouble, I want all potential buyers to know the facts,” said Parcell. “The fact is our market is strong. Hey, we’re the second best market in the entire country.”
From the Utah County Association of Realtors Jan. 11, 2008
About Heidi
- Heidi
- Utah County, Utah, United States
- Heidi currently works as a realtor in Utah! Heidi has had several careers that range from business owner to radio talk show host. But her first love and interest is homes. Now she is fulfilling a life long dream of being a realtor. She is friendly, honest, helpful and reliable. You can count on her to do what she says she will do! Heidi's area of expertise is primarily in the Utah County area where she has lived and raised her family for 15 years: Alpine, Highland, Cedar Hills, American Fork, Pleasant Grove, Lindon, Orem, Provo, Spanish Fork, and Payson. Heidi takes home ownership seriously and she won't pressure you to buy a home so that she can 'make a sale'! Heidi believes that a home isn't just four walls... it is where you live, learn, love, laugh and grow. It is a place for traditions and family gatherings. She will take time to get to know you and find a home to fill your wants and needs!