Here are the results from the Wasatch Front Regional MLS on 6/17/18 for Heber City, Midway, Charleston, and Wallsburg combined.
In 2015, 81 homes were listed at 1 million dollars or over and 24 were sold.
In 2016, 101 homes were listed at 1 million dollars or over and 42 were sold.
In 2017, 135 homes were listed at 1 million dollars or over and 55 were sold.
In 2018, as of 6/17/18, 79 homes have been listed at 1 million dollars and over and 31 have sold.
In 2015 in the Heber Valley, the median selling price was $1,360,000 and in 2017 it rose to $1,800,000. So far the median selling price in 2018 is $2,000,000.
It looks as if the Heber Valley is experiencing a significant rise in million dollar home sales as well. Adam Kirkham, the current president of the Salt Lake Board of Realtors stated, "A roaring economy and wealthy transplants are fueling million-dollar home sales." That is very true, although the numbers for the Heber Valley show even more growth and a stronger housing market than those on the Wasatch Front - Their median sales price in 2017 was $1,330,000 which is where ours was in 2015. Their statistics also show that "it remains a challenge to sell a home above $1.5 million, even in today's strong economy." The median selling price for homes over 1 million dollars in our valley is currently $2 million so prices are climbing pretty steeply with some amazing homes on the market.
I enjoy looking at housing marking statistics and all information regarding real estate. I like to stay up to date on the market trends, especially here in Utah. If you have any questions about our housing market or what your home may be worth, I'd be happy to chat with you about your questions and send you some housing report statistics. My number is 801-631-3430. Give me a call.
Brought to you by Heath @ HeathsHomes.com
No comments:
Post a Comment