July 2007 was the end of the bubble for the homes over $500,000. It was like falling off a cliff after July of 2007. Our market has gone from about 40-50 homes selling in the peak of 2007 to between 10-15 per month in 2009. It is hard to believe but we only have between 10-15 homes selling over $500,000 in Utah County right now. On a positive note the 2009 sales have somewhat stabilized. I sold a few homes in 2009 that were once close to a million dollars for between $390,000 to $450,000. I think this price range was inflated due to the loan fraud, false appraisals and real estate scams. Click Here if you would like to see more current statistical information about the Utah County Real Estate Market.