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Oct 15, 2021
7:14:52am
mokelembembe Truly Addicted User
Ouch....I knew real estate was rising in Utah...but I always get whiplash seeing the #'s....

I'd be pooping a brick if I were in my 20's(not that it's a great thing for any of us that want to hang around because that upgrade house just gets farther away too).  Also, I like Park City but I've never been impressed with the housing stock there. That would suck to drop a mill on a house there. 



In the second quarter of 2021, Utah's housing prices increased a staggering 28.3% from 2020, ranking No. 2 in the nation for year-over-year percent increase. Idaho saw a jaw-dropping increase of 37.1%.


If you guessed Summit County, which includes Park City, perhaps one of the most desirable ski resort destinations in Utah and the West, you're on the money. The area remains Utah's most expensive community. The median sales price of homes there jumped from $801,274 in 2020 to $1.15 million in 2021, a 43.5% increase in just one year.


Look south, at rural Sevier County, near Fishlake National Forest and Manti-La Sal National Forest, home to Richfield, Salina and Monroe. Homes aren't nearly as expensive there, but the area saw an even higher percent change in the median sales price of homes in the same time period, from $185,000 in 2020 to $275,000 in 2021 — a 48.6% increase, according to the report.


 




 


This message has been modified
Originally posted on Oct 15, 2021 at 7:14:52am
Message modified by mokelembembe on Oct 15, 2021 at 7:26:29am
mokelembembe
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mokelembembe
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Related Threads Children:
Has compensation improved much to match crazy house prices? (greatbam, Oct 15, 2021 at 8:16am)

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