Cedar Hills: Nestled in the foothills of Mount Timpanogos, Cedar Hills' real estate and homes personify the best of small-town life. Although the community has more than tripled its population in recent years, Cedar Hills retains its homegrown atmosphere. Named after the many cedar-covered hills in the area, Cedar Hills was originally discovered by American Fur Company trappers. Mormon pioneers settled the area in 1850, making a living through livestock and trapping. Many of Cedar Hills?s downtown businesses are still located in their original Old West-style buildings. The Provo/Orem area - which includes Cedar Hills - has been ranked by Money magazine as one of the top 20 places to live in the nation, and Employment Review magazine has also recognized the area as an excellent place to live and work. In addition, the FBI has reported that Utah County has the second lowest violent crime rate in the nation. Cedar Hills offers accessibility to an abundance of recreation and entertainment opportunities. Bridal Veil Falls is a popular area for hiking and biking. The Thanksgiving Point resort features an 18-hole golf course designed by Johnny Miller, as well as the largest dinosaur museum in the world. Cedar Hills?s central location is also a significant advantage. Salt Lake City, Sundance Ski Resort, fifteen national parks and excellent universities, such as the University of Utah and Brigham Young University, are all within an easy drive of Cedar Hills. A multitude of attractions, a quaint, old-fashioned atmosphere and a high quality of life make Cedar Hills an ideal destination for new residents.
The Cedar Hills real estate market is diverse and affordable. Condominiums and townhouses are available in Cedar Hills from approximately $115,000 to more than $200,000, many including features such as hill/mountain views, central air conditioning, fireplaces and attached parking. Single-family detached homes are available in the Cedar Hills area from approximately $110,000 to more than $650,000 for large estate properties. Beautiful four- or five-bedroom homes are available from the mid-$100,000s to more than $425,000. Styles available include rambler/ranch, stucco, conventional, two-story and modern. Many homes have large lots or horse property. Almost all homes feature stunning and scenic lake, hill, mountain, canyon and/or valley views. Available amenities include landscaping, secluded yards, French doors, and outdoor storage buildings. Newly built properties are readily available. Land for custom homebuilding is plentiful and is priced from approximately $45,000 to more than $150,000. Many sites have excellent views.
Cedar Hills Real Estate Stats and Trends for the week of April 19th, 2020: homes priced around $514,698 compared to $401,031 the previous week, showing a increase of more than +22%. For Sunday, April 19th, 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%.
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