Jun 29, 2017
Ryan Poelman and Sean Walker talk about two more hot Utah markets, Draper and Orem.
Draper- median home price (listed)- $658,000
Draper- median home price (sold): $450,000
Difference may be people not getting their asking prices OR prices are rising very rapidly in Draper- probably the latter
Out on the west side of Draper, all the new office buildings will bring jobs into the area and that will increase housing demand.
Orem- median home price- $368,000
The highest price home listed now is $5.9mil while the lowest is a $33,000 mobile home. That's a pretty good variety.
Trader Joe's is coming to Orem and that will be a game changer for the area. There is a huge amount of retail growth in the area that will help neighborhoods.