Imagine a city that offers beautiful surroundings, an abundance of recreational activities, celebrity sightings and the country's largest church-affiliated university. Provo is this ideal city. The community is located between the scenic Wasatch Mountains and Utah Lake and as a result offers a host of leisurely opportunities all year long. In addition to its ideal setting, Provo is home to Brigham Young University and the Sundance Resort, the home of Robert Redford's annual Sundance Film Festival. Not only does Provo offer all of the above to its approximate 105,000 residents, this city also offers a strong business community and charming affordable housing. Real estate options consist of single-family homes, condominiums and townhouses. Located in the heart of Utah Valley, right off of Interstate 15 and approximately 45 miles to the south of Salt Lake City, Provo also has easy access to the surrounding cities. The Provo City School District offers residents an excellent choice of schools and a quality staff that strives for excellence. Staff members have been recipients of numerous state and national awards. Eighty-four percent of the district?s elementary students read at or above grade level as measured by the Utah State Core Tests. In addition to the public schools, there are numerous well-respected private schools and academies in the city. Bordered by Utah Lake and majestic Mount Timpanogos, Provo provides a variety of opportunities for recreation and leisure. Provo's central location puts it a half-day's drive away from 15 national parks, monuments and recreational areas.
Condominiums and townhouses can be found for about $90,000 and run up to approximately $1 million or more for properties loaded with amenities. Single-family homes begin in the $120,000s for older models with limited space. Newer properties start at about $150,000 and run up to $1 million plus for large estate homes with fantastic views and amenities. Ranch properties with equestrian facilities and land for custom homes are also available for purchase.
Provo Real Estate Stats and Trends for the week of February 14th, 2020: homes priced around $490,925 compared to $494,675 the previous week, for a slight decrease of less than -1%. For Sunday, February 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.