Payson Condominium Market
Annual Report:
2009
| Median Condo Price
(Sold) |
$131,750 |
| Average Condo Price
(Sold) |
$131,278 |
| Low Condo Price
(Sold) |
$98,500 |
| High Condo Price
(Sold) |
$179,700 |
| Number of Condos Sold |
19 |
| Average Days on Market Until Sold |
111 |
| Dominate Price Range |
$100,000 - $199,999 |
| Dominate Price Range % of Total |
96% |
________________________________________________________
|
Demand
|
Payson
condo demand
declined in 2009 to
only 19 condos sold.
It took an average
of 111 days for a
condo to sell after
being listed on the
market. To get a
Payson condominium
sold, it took an
average of 21 more
days more than the
state average. |
|
Supply
|
Supply in Payson
in approaching
equilibrium. There
are 10
current listings for a
6.3 month supply.
|
|
Price
|
The average price
for a Payson sold
condo in 2009 was
$131,278. This
average price is
$52,122 less than
the state average.
The lowest price
sold was $98,500. |
|
Conclusion
|
The Payson condo
market is
slowly shifting
towards a sellers
market due to lower
supply. However,
demand and prices
have both declined
making it a mixed
market at present.
|
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Payson Condo
Trends
________________________________________________________
Search for Payson 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
|
