St. George Condominium Market
Semi-Annual Report:
2009
| Median Condo Price
(Sold) |
$121,000 |
| Average Condo Price
(Sold) |
$132,357 |
| Low Condo Price
(Sold) |
$40,500 |
| High Condo Price
(Sold) |
$350,000 |
| Number of Condos Sold |
50 |
| Average Days on Market Until Sold |
99 |
________________________________________________________
|
Demand
|
Saint George,
UT condo
demand rose
slightly in 2009 and
are making a slow
rebound.
Condos in Saint George
are taking a
little longer to
sell now with an average
99 days listed on
the market until
sold. Condos sold in
Saint George
represent 78% of the
total sold in
Washington County. |
|
Supply
|
There is a good selection of
condos on the market
in St. George with a
current listing count of
57. It will take and
estimated 14 months
to sell these
condos. |
|
Price
|
Condo prices in St. George
are still declining.
The 2009 average
sold condo price was
$132,357, which is
$51,000 less than
the state average.
The highest priced
condo sold for
$350,000. |
|
Conclusion
|
The
St. George Condo
market currently
favors Buyers.
Condo demand is
rising, but prices
are falling and
supplies are high.
Condo prices have a
good chance to level
off in 2010, but are
not likely to
increase with such a
high supply. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
July 1, 2007 - June 30, 2008
Saint George Condo Market
________________________________________________________
Search for Saint George 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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