Riverton Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$206,248 |
| Average Condo Price
(Sold) |
$214,089 |
| Low Condo Price
(Sold) |
$169,900 |
| High Condo Price
(Sold) |
$320,000 |
| Number of Condos Sold |
27 |
| Average Days on Market Until Sold |
65 |
________________________________________________________
|
Demand
|
Riverton, UT condo
demand is falling.
Riverton sold 27
condos during 2009. Condos in Riverton
average 65 days
listed on the market
until sold. Riverton
condos sell faster
than the state
average by 25 days.
|
|
Supply
|
There
are currently 18 condos
for sale listed on the market in
Riverton. This
represents an 8
month supply. |
|
Price
|
Riverton condo price
fell in 2009. The
average sold price
for a condo in
Riverton was
$191,173, nearly
$8,000 above the
average state sold
condo price. |
|
Conclusion
|
The
Riverton condo
market is currently
struggling with
decreasing prices
and lower demand.
Supply has remained
constant in 2009 and
will likely do so in
2010. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
July 1, 2007 - June 30, 2008
Riverton Condo Market
________________________________________________________
Search for Riverton 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
|
