Herriman Condominium Market
Semi-Annual Report:
2009
| Median Condo Price
(Sold) |
$189,900 |
| Average Condo Price
(Sold) |
$193,751 |
| Low Condo Price
(Sold) |
$157,500 |
| High Condo Price
(Sold) |
$252,400 |
| Number of Condos Sold |
48 |
| Average Days on Market Until Sold |
39 |
| Dominate Price Range |
$100,000 - $199,999 |
| Dominate Price Range % of Total |
63% |
________________________________________________________
|
Demand
|
Herriman sold 33
condos over the past
year, down
significantly from
our last study. Herriman is
located in the
southwest corner of
Salt Lake County and
is rich in horse
properties and great
valley views.
Much of the housing
growth in the county
is concentrated in
the south west of
the county. Condos in Herriman
average only 70 days
listed on the market
until sold. Herriman
condos take an average
of 20 days less to
sell than the
average for the
state.
|
|
Supply
|
The
supply of condos in
Herimman has been
steady. There
are currently 29
condos on the market
in Herriman for a
10.5 month supply. |
|
Price
|
The average price of
a sold condo in
Heriman was
$159,686. The lowest
priced condo was
$124,000 and the
highest priced condo
was only $199,900.
This makes the
Herriman condo
market very
affordable.
|
|
Conclusion
|
The Herriman condo
market is very
affordable, offering
a good supply and
low prices. Prices
are an average of
$23,714 below the
state average. Many
of the condos in
Herriman are newer
having been built
during the past few
years. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007 - 2008 Herriman Condo Market
________________________________________________________
Search for Herriman 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
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