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Alan Barker - Utah Homes

Pleasant Grove, UT - 2nd Quarter 08-09

There was an 11.5% increase in Pleasant Grove homes sold. Pleasant Grove was also the only major city in the county that had an increase in sold price. Median price was up $20,000 and average sold price was up about $5,000. Surprisingly, current median price is 5.88% lower than what sold price was. Pleasant Grove inventory is 10.55 months.

Payson, UT - 2nd Qtr 08-09

Payson Real Estate was actually part of the minority in Utah County with a decrease in number of homes sold. At the same time, only 7 less homes sold and prices decreased close to 3% which is much better than what many other cities experienced. Inventory is high at 14 months and there are 138 Payson homes for sale.

Orem, UT - 2nd Quarter 08-09

Orem went from selling 119 homes to 123 homes, increasing 3.36%. Median sales price of Orem Real Estate declined 12.91% and average sales price decreased 14.72%. Even though there were decreases, they weren't as large as in '07-'08. There are currently 9 months of inventory and around 380 houses in Orem for sale.

Lehi, UT - 2nd Quarter 08-09

Lehi was yet another city that had a small increase in number of homes sold. That being said, Lehi Real Estate sold prices had large decreases of over 15%. Homes is Lehi are now priced 20% more on average but will most likely continue the trend and decrease. 478 single family Lehi homes can be found on the MLS.

Highland/Alpine, UT - 2nd Quarter 08-09

Sold homes in Highland and Alpine increased 30%. Median sold price slipped down to the upper 300's and average decreased $50,000 to the upper 400's. Current listed median and average priced homes in Alpine and Highland are over one-half million dollars. Inventory is over 14 months so there are plenty of homes to choose from.