Murray Condominium Market
Annual Report:
2009
| Median Condo Price
(Sold) |
$150,000 |
| Average Condo Price
(Sold) |
$155,288 |
| Low Condo Price
(Sold) |
$84,500 |
| High Condo Price
(Sold) |
$330,000 |
| Number of Condos Sold |
152 |
| Average Days on Market Until Sold |
74 |
________________________________________________________
|
Demand
|
Murray
condo demand
increased
significantly, 152
sold in 2009.
That represents 8%
of all condos sold
in Salt Lake County.
However, the average
number of days a
condo stays on the
market in Murray
until sold has
jumped to 74 days. |
|
Supply
|
Murray has a good
supply of condos
currently listed on
the market for an
8.5 month supply.
|
|
Price
|
Condo prices in
Murray have risen
slightly. There is a
significant
difference between
the lowest condo
sold price ($84,500)
and the highest
condo sold price
($330,000). The
average condo sold
price is more than
$28,000 lower than
the state average. |
|
Conclusion
|
The Murray condo
market favors
buyers. There is a
great supply and
prices are rising
slowly, protecting
the investment of
buyers. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Murray Condo
Market Trends
________________________________________________________
Search for Murray 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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