There are many moving parts when you’re buying and selling real estate. In addition to understanding how local property values affect home values, it’s also essential to know how location factors into a home’s resale value. Knowing a little more about the community where your property is located makes selling your house much more manageable.
Knowing the amenities and property values is also crucial to ensure you’re making a wise investment if you’re looking to purchase.
Utah has a very competitive housing market. It offers an array of climates and backdrops that will appeal to nearly any buyer. The state provides easy access to various outdoor activities, entertainment, fine dining, and Broadway-caliber plays. This unassuming state ranked number 3 on U.S. News’s list of Best States to live in 2022.
Utah County is home to 665,000 people. The county stretches from Alpine to the north and Colton in the south. Utah County extends west to Cedar Fort and east to Soldier Summit. The county also includes parts much of the Uinta National Forest and parts of the Manti-La Sal National Forest.
Utah County is the second-most populous county in the state and includes the Provo-Orem metro area. The geography of Utah county is unique as it contains large mountain ranges and large lakes. Utah County is home to Utah Lake. Utah County provides access to popular recreation areas like Utah Lake State Park, Mount Timpanogos, and The Uinta National Forest.
Utah County gets less snow than Salt Lake County, averaging around 45.8 inches per year. Utah County averages approximately 17.3 inches of precipitation per year. You can expect the hottest temperatures to hit in July and August (sometimes hitting over 100 degrees Fahrenheit) and the lowest temperatures in December and January.
At publication, the average sales price for a home in Utah County is $505,000, increasing 27.7% from the same time in 2021. The average home is on the market for around 18 days. This same time last year, the average sales price for a home in the county was $395,500, and homes were listed for approximately 16 days. When looking at sales prices from the last five years, Utah County has seen a substantial increase in property values.
In December 2016, the average sale price for a Utah County home was $291,500, with homes staying on the market for 44 days.
The best months to sell homes in Utah County are June through August. The months with the lowest number of home sales are January and February. While more homes sell during the summer months, there’s generally less competition during the colder months of the year.
Residents and visitors can find plenty of activities to enjoy, whether they’re looking for an outdoor experience or were prefer to enjoy indoor entertainment. Utah County borders Salt Lake County, so popular attractions in that area are just a quick drive away. Some of the most popular attractions in Utah County including:
Outdoor Activities (Skiing, Hiking, etc.)
Museums, Zoos, and Parks
Sports
Entertainment
Government and Cultural Sites
Hospitals in Utah County
There are several large hospitals in Utah County, including:
Universities and Colleges in Utah County
Utah County is home to several universities and technical schools, including
Understanding the neighborhood where you’ll buy or sell a property is critical. The real estate industry has a well-known phrase: location, location, location
Knoxville is home to more than 187,000, the city borders the Tennessee River in the eastern part of the state. The city has a storied history and served as the first state capital.
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While 2.5% may not sound like a lot, if the buyer asks you to cover their portion of the agent fees, you could be out 5% of the sale price. If you sell your home for $450,000, that’s a $22,500 fee.
Wake County, North Carolina, is home to the most considerable portion of the state’s population. Wake is one of the fastest-growing areas in the country.
Brick specializes in providing fast Cash Offers to help homeowners in Ogden, Utah.
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