Centerville Condominium Market
Semi-Annual Report: July 1, 2007 - June 30, 2008
| Median Condo Price
(Sold) |
$162,000 |
| Average Condo Price
(Sold) |
$169,824 |
| Low Condo Price
(Sold) |
$73,000 |
| High Condo Price
(Sold) |
$336,900 |
| Number of Condos Sold |
38 |
| Average Days on Market Until Sold |
46 |
| Dominate Price Range |
$100,000 - $199,999 |
| Dominate Price Range % of Total |
79% |
Search for Centerville Condos
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|
Demand
|
Centerville, Utah
residential home demand is
down slightly the first
six months of 2008
compared with the
same period in 2007.
The number of
residential
properties sold
decreased by 12%.
The condos sold in
Centerville
constitute 13% of
the condos sold in
Davis County. It takes an
average of 38 days
to market a condo
until it is sold.
This is an average
of 9 days less to
sell a condo in Centerville
than for the Davis
County average.
There are 7 condo
sales currently
pending. |
|
Supply
|
Centerville has 13 condos
currently listed on
the market. This
constitutes a 4.1
month
supply of condos on
the market.
Townhouses make up
85% of the current
condos listed. The
current listings
have been on the
market an
average of 52 days. |
|
Price
|
Centerville home prices are
rising.
The average
residential price
increased by over $113,500
the first half of
2008 compared with
the same period in
2007. That
is a 5%
increase. The average
condo sold price is
$162,000. Current
condo listings range
in price from $129,900 to $346,480. |
|
Financing
|
The majority of
financing is by
conventional loans,
constituting 72.6%.
Cash purchases 8.2%
while FHA makes up
15.1% of home
financing in Centerville. |
|
Conclusion
|
The Centerville, UT real
estate market is
still on the sellers
side. Demand is
slipping only
slightly so far
while prices are
still increasing.
The current supply
of condos on the
market will take
less than 6 months
to sell. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
________________________________________________________
Search for Centerville 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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