Holladay Condominium Market
Semi-Annual Report: July 1, 2007 - June 30, 2008
| Median Condo Price
(Sold) |
$156,000 |
| Average Condo Price
(Sold) |
$185,778 |
| Low Condo Price
(Sold) |
$68,520 |
| High Condo Price
(Sold) |
$530,000 |
| Number of Condos Sold |
96 |
| Average Days on Market Until Sold |
41 |
| Dominate Price Range |
$200,000 - $299,999 |
| Dominate Price Range % of Total |
46% |
________________________________________________________
|
Demand
|
Holladay, UT sold 96
condos over the past
12 months. Condos in
Holladay average 41 days
listed on the market
until sold--4 days
less on average than
Salt Lake County. Condos
sold in Holladay
makeup 4.2% of the
county sold condos
total.
|
|
Supply
|
There
are currently 71
condos on the market
in Holladay for a
9
month supply. Half
of all the condos
currently listed in
Holladay are townhouses. The average
number of days on
market for current
listings is 76 days.
|
|
Price
|
The
average residential
sold price
in Holladay is
currently at
$311,614 as measured
from the
year-to-date figures
for 2008. During the
first 6 months of
2007 the average
price was $363,663.
That is a whopping
decrease of $52,048! The Holladay
median condo
sold price of $156,000
is $8,000 less than
the state median.
|
|
Financing
|
Conventional
loans account for
over 72.8% of home
financing in
Holladay.
Cash purchases
represent 8.2% of the
transactions. FHA
loans are at 9.5%.
|
|
Conclusion
|
The Holladay condo
market is doing
slightly better than
the county as a
whole. The current
price decrease
offers some bargain
opportunities for
savvy Buyers. The excellent
selection of
townhouses make
Holladay a great
market to shop for
condos. Current
condo listings range
in price from a low
of $79,900 for 575
square foot condo in
Aix La Chapelle to $799,000
for a 1988 condo
with nearly 6,000 square
feet, 4 bedrooms, 4
baths, 3 car garage
in Casto Pine.
|
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
________________________________________________________
Search for Holladay 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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