Utah County Real Estate
Utah County History
Lined by the Wasatch Mountain Range on the east, with Utah Lake to the West, Utah County lies at the center of the breathtakingly beautiful Utah Valley. Located just 43 miles south of Salt Lake City, Utah County is the second-most populous county in Utah with Provo, the county seat, being the third largest city in the state.
The name “Utah” comes from the Native American “Ute” tribe which term is interpreted to mean ‘people of the mountains’. Between 1825 and 1847 the valley was frequented by trappers and mountain men. The first settlers, however, were Mormon pioneers that had been sent to Utah Valley by their leader Brigham Young from Salt Lake Valley in 1849. Provo was the first of these settlements and was soon followed by Alpine, American Fork, Lehi, Pleasant Grove, Payson and Springville.
Geneva Steel was built during World War II and was a major employer for Utah County for many years. The valley became a national entrepreneurial hot spot starting in the 1980s and continued through the 1990s. Today, Utah county is a Magnet for high-tech and computer related companies. Orem, in particular, is the technological and commercial center for Central Utah and along with other Utah County Cities, is one of the fastest-growing metropolitan areas in the United States.
Today, Utah County’s population is a vibrant, young, healthy, and well-educated. Citizens bask in the benefits of a low crime rate, and solid economy.
Utah County Quick Facts
Population: 560,974 (2014 estimate)
Population density of 234.1 people per square mile.
The county seat is the city of Provo.
The elevation in the valley ranges between 4,480 – 4,700 feet above sea level. The highest point is Mt. Nebo at 11,928 ft. and the lowest point is at the Jordan River Floodplain at 4,480 ft.
The county is 2,142 square miles, 2.45% of the State of Utah and 16th largest in area in the state.
The average winter temperatures are a maximum of 37 degrees and a minimum of 14 degrees.
The average summertime temperatures are a maximum of 92 degrees and a minimum of 54 degrees.
The cities within Utah County are:
Utah County Real Estate Value Boosters
Two of the most significant Value Boosters in Utah County are Brigham Young University which is located in Provo and Utah Valley University in Orem. BYU was established in Provo in 1875 and it quickly grew to a point at which it now enrolls approximately 34,000 students each year, majorly influencing the real estate in and around Provo. Not to be overshadowed, UVU is growing quickly in enrollment and in academic acclaim. Both of these Universities create an advantageous market for investment real estate with an ever-present demand for housing from the throng of students and employees.
Utah County is the home of a variety of major businesses and corporations that bring value, employment, and business to the county. Some of these influential companies include Nu Skin, Adobe, Microsoft, Ancestry.com, Novell, and Vivint. Each of these companies provide thousands of jobs which bolsters the economy and housing market. Lehi City is particularly expanding in business and opportunity with the recent development of the Thanksgiving Point business park and Adobe campus.
Utah County Lifestyle
People are drawn to Utah Country for a variety of reasons that span from educational and employment opportunities to the remarkable beauty and recreational pursuits provided by the Wasatch Mountains. Utah, and Utah County in particular, is a Mecca for outdoor enthusiasts. With Utah Lake on the West side of the County and the Wasatch Mountains containing canyons, the Uinta National Forest, as well as various ski resorts on the East of the valley, there are endless opportunities for recreation and fun! Residents of Utah County enjoy easy access to snow sports, water sports, golfing, mountain biking, rock climbing, hiking, camping, hunting and fishing, not to mention the breath-taking views in every direction!
Utah Valley boasts many other recreational and entertainment opportunities that are provided by major landmarks and venues such as Robert Redford’s Sundance Resort, Peaks Ice Arena and Water Park, Thanksgiving Point, and Timpanogos Cave National Monument. There are also abundant opportunities to shop at a variety of malls across Utah Valley such as University Mall in Orem and the Outlets at Traverse Mountain in Lehi.
Access to all of these opportunities and adventures is easy with the I-15 and the Frontrunner, Utah Transit Authority’s commuter rail, running straight through Utah County.
The Culture of the Valley is enriched with many museums, galleries, festivals and celebrations ranging from the Museum of Art and Bean Museum at BYU to Provo’s “America’s Freedom Festival” which is the largest 4th of July celebration in the United States, as well as the Festival of Colors hosted by the Krishna’s at the Krishna Temple. Furthermore, with its strong emphasis on the arts, Springville proudly upholds the name of “Art City”.
Not only are the communities within Utah Valley edified by the arts, but the valley has a unique and desirable family friendly culture. Each city holds a festival during the summer months and there are a variety of family oriented venues and activities scattered throughout the valley. This culture of family values is one of the major reasons why Forbes rated Orem as the 5th best place to raise a family and why Orem, Provo and American Fork are consistently listed in CNN Money magazine’s Best Places to Live list.
Utah County Housing Market
Real Estate in Utah County is thriving! Consistent statistics show that population is on the rise, people love utah county and are looking to buy, making a great situation for sellers. On the other hand, listing inventory has also been climbing which is also a prime situation for buyers since high inventory can often create a level of competition that lowers housing prices. The average home price in Utah County is at an exceptional range between $240-$250k. Furthermore, a home that is priced well and in good condition will sell in about 30 days.
In all, Utah County Real Estate is healthy and an opportunity that shouldn’t be missed. Not only is the market doing well, but it is blossoming. The National Association of Home Builders recently included Salt Lake and Provo on its Improving Markets Index. This index analyzes recovery and increase from troughs in housing permits, employment, and house prices in metropolitan areas. Let us help you take advantage of this excellent time to invest in Utah County Real Estate!
Utah County has a unique dynamic where there are older established communities as well as plenty of space that is ripe for development and expansion. All of the following Utah Home Builders are establishing new communities and properties in Utah County, and many are offering advantageous incentives to new home buyers. Contact us for more information on building in Utah County.
Garden Gate Homes
Richmond American Homes
Mountain Vista Homes
Down Payment Assistance and Grants for Utah County
When planning to buy a home, It is important to be aware of all of the resources that are available to save you money and assist you in getting into your new home. Our team is highly informed of the down payment assistance programs and grants that are available in and around Utah County. Contact us now so we can help you get the most assistance possible as you take this important step of buying a home.
We Can Help
Whether you are buying or selling a home in Utah County, we can help you! The Canovo group has been working in the Utah County real estate market for years and has had great success in assisting their clients in reaching the best possible outcomes. Our team has the experience and expertise to help you have a stress-free, friendly, and positive experience in buying or selling your home in Utah County. Contact the Canovo Group today!