Springville UT Real Estate Stats for 2009:

This information is deemed reliable as of December 16th, 2009. 

Active Listing Statistics YTD for Springville, Utah:

There are currently 208 Active Springville Utah Real Estate listings on the MLS, Out of those active listings in Springville, Utah the low price is $40,000 and the high list price is $5,950,000 for a custom luxury estate in the Hobble Creek Canyon with over 14,000 sq ft...WOW. 

Average list price on the market right now is $278,791 with the majority of homes being listed between $140,000 and $300,000 in Springville, Utah.  The average days on market for active listings is 127 days.

Homes currently Under Contract in Springville, Utah:

There are currently 37 homes under contract in Springville, UT.  That equates to a 17% absorbtion rate.  The low price of a listing that is currently under contract in Springville Utah is $100,000 and the high price for a property that is currently listed as under contract is $375,000.  The average market time for days on the market of this group of Springville homes is 98 days.  This goes to show you that listing at the right price will be a great step in getting your Springville home sold (note the difference in days on market for the listings vs the under contract properties).

Home sales statistics for Springville Utah in 2009:

The low price for sold listings in 2009 was $21,000 and the high price was $1,450,000.  The average days on market for sold listings was 89 days and the average price of Springville homes sold in 2009 was $203,023.  There were 293 total listings sold in 2009. 

Overall the real estate market in Springville, Utah is showings signs of recovery, but the market has not completely stabilized.  There are still many short-sales and foreclosures in the mix of inventory and defaults for the market are still consistent which is continuing to contribute to the market values staying soft.  Interest rates in Utah county for lending are excellent and if you're looking to buy a home in Springville, Utah you'll find some excellent bargains that are sure to appreciate over time.  Springville has great amenities and a wonderful community atmosphere.  I personally love calling Springville, Utah my  home.

Steven Bond