Some (We) Like It Hot

How big is the housing market in Utah? Well, for the second quarter of 2006, median home prices on the Wasatch Front rose 14% over last year.  And how hot is Lehi, ancestral home of The Chris Jones Group?  Lehi prices are up 28% on more home sales than any zip code in Utah Valley.  Or any zip code in Salt Lake County.  Or Weber County.  If it weren’t for Clearfield, there would be no zip code in the STATE that sold more houses.  For straight appreciation, though, you have to go to American Fork (exactly 270 yards from here) to find the champs – a flat unbelievable 51.4% increase in price compared to this time last year.  And this isn’t on sales of 10 houses, either; almost 180 houses were sold there from April to June.

Wow.

Markets are flat.  Not much happening in the summer doldrums.  No economic news due out until Friday.