Farmington Condo Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$185,000 |
| Average Condo Price
(Sold) |
$189,866 |
| Low Condo Price
(Sold) |
$171,000 |
| High Condo Price
(Sold) |
$222,178 |
| Number of Condos Sold |
15 |
| Average Days on Market Until Sold |
50 |
________________________________________________________
|
Demand
|
Condo demand in
Farmington, UT has
risen by 20% since
2008 when only 12
condos sold. Over the
past year, 15 condos
sold in Farmington.
The average number
of days a condo was
listed on the market
until sold was 50
days, 40 days less
than the state
average.
|
|
Supply
|
At the time of this
report there were 15
Farmington condominiums
listed on the market
for sale. That
represents a 1 year supply,
favoring condo
Buyers. |
|
Price
|
The median price
for condos sold in
Farmington during 2009 is $185,00,
down from 2008's
$193,450.
while the average
sold price is
$189,030. Condos in
Farmington
cost an average of
$16,243 more than
the state average.
The
margin between the
highest price condo
and the lowest price
condo is $51,178. |
|
Conclusion
|
The Farmington condo market
currently is
a Buyers market. You can
compare our 2009
study with our 2008
study by clicking on
the following link:
Farmington Condos 2008. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2008 Farmington Condo Statistics
________________________________________________________
Search for Farmington Condos
Barry J. Preusz,
REALTOR®, Downtown Salt Lake City Condo Specialist,
Equity Real Estate,
7090 Union Park Center, Midvale Utah, 84047
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.com
All Rights Reserved
|
