The Averaged Priced Home in Springville, Utah sold for $175,120 in 4thq 2010.

In 2010 the average priced home experienced a 12% decline from 2009.  In 2005 and 2006 Springville was experiencing about 500 homes sold each year.  In 2007 this number dropped to 400.  In 2008, 2009 and 2010 the amount of homes sold has been hovering in the 200's.  It is about half of what it was in the boom time.

The average priced sold home in Springville:

2005 was $172,141
2006 was $204,413
2007 was $217,782
2008 was $200,327
2009 was $205,996
2010 was $181,489

The surge of an increased average price in 2009 is because of the high-end short sale and foreclosure homes.  Most of this larger inventory was dumped in 2009.  This is why we are starting to see a new low in the average price.  I believe 2011 will see a new lower average. 

The Springville, Utah market is actually quite healthy.  Prices are still slowly trickling down.  However, many buyers are buying.  I don't think we are quite at the bottom of the Springville market.  It is hard to predict the exact bottom. 

I purchased a rental home in Springville in January 2011 and would like to buy another one.  Prices are great and Springville is not only a nice city to live in but a great city to buy a rental.  Rates are extremely low too!  You can read more information about Springville, Utah here:, Info, Facts, Schools, SOLD data.

Search for Springville, Utah homes on www.UtahCountyListings.com or on www.TeamTeasdale.com

Springville
Residential Unit Sales
All data is from the Wasatch Front Regional Multiple Listing Service.
It does not include transactions in which a REALTOR was not involved.
2005
	Units Sold	Median Price	Average Price
1st Quarter	81	$143,400	$164,929
2nd Quarter	122	$145,101	$161,303
3rd Quarter	168	$145,000	$172,208
4th Quarter	116	$159,900	$190,122
Total Year	487	$145,051	$172,141
2006
	Units Sold	Median Price	Average Price
1st Quarter	107	$171,650	$179,676
2nd Quarter	137	$171,995	$180,875
3rd Quarter	129	$171,000	$249,863
4th Quarter	94	$174,200	$207,239
Total Year	467	$171,823	$204,413
Change	-4%	18%	19%
2007
	Units Sold	Median Price	Average Price
1st Quarter	82	$183,900	$214,578
2nd Quarter	127	$199,900	$216,911
3rd Quarter	117	$199,950	$235,467
4th Quarter	60	$199,900	$204,171
Total Year	386	$199,900	$217,782
Change	-17%	16%	7%
2008
	Units Sold	Median Price	Average Price
1st Quarter	47	$181,900	$203,583
2nd Quarter	69	$186,500	$199,061
3rd Quarter	95	$183,000	$204,221
4th Quarter	26	$181,000	$194,444
Total Year	237	$182,450	$200,327
Change	-39%	-9%	-8%
2009
	Units Sold	Median Price	Average Price
1st Quarter	31	$188,500	$218,594
2nd Quarter	78	$184,900	$218,116
3rd Quarter	84	$185,000	$194,219
4th Quarter	83	$174,250	$193,054
Total Year	276	$184,950	$205,996
Change	16%	1%	3%
2010
	Units Sold	Median Price	Average Price
1st Quarter	55	$164,000	$173,127
2nd Quarter	97	$167,525	$187,737
3rd Quarter	64	$169,500	$189,970
4th Quarter	58	$167,000	$175,120
Total Year	274	$167,263	$181,489
Change	-1%	-10%	-12%

If you would like help finding a home in Springville, Utah let me know.  I would be happy to assist you.  I have been living in the Springville/Mapleton area for about 12 years.  I specialize in locating awesome deals on short sales and bank foreclosures in the Springville, Utah area.


Welcome to my Utah County Real Estate blog!  We are located  in Mapleton, Utah.  Our team combines proven traditional real estate practices and represents the leading edge in the future of real estate marketing by merging internet technologies, service, communication, information and analysis with those traditional practices to provide our clients with an exceptional real estate experience and superior marketing.

Paul Teasdale, Principal Broker
ABR, CRS, e-PRO, QSC, Finance  BYU
16 Years Experience, 850+ Homes Sold
Team Teasdale Realty, Utah County Real Estate
Phone: 801-491-7653