Pleasant View,
Utah Condo Market
Semi-Annual Report: July 1, 2007 - June 30, 2008
| Median Condo Price
(Sold) |
$242,665 |
| Average Condo Price
(Sold) |
$232,469 |
| Low Condo Price
(Sold) |
$116,000 |
| High Condo Price
(Sold) |
$307,000 |
| Number of Condos Sold |
21 |
| Average Days on Market Until Sold |
184 |
| Dominate Price Range |
$200,000 - $299,999 |
| Dominate Price Range % of Total |
71% |
________________________________________________________
|
Demand
|
Pleasant View, Utah condo
demand is down by
30% the first
six months of 2008
compared with the
same period in 2007.
Marketing time
for Pleasant View
condo to change
"for sale" status to
"sold" is
very long at
an average of 184 days.
At four additional
months to sell than
the average for
Weber County, this
is the longest
average days on
market in the
County. There are
currently 3
condos with pending
sales transactions. |
|
Supply
|
Pleasant View has 15 condos currently listed
on the market for
sale. This
figure constitutes an
8.6 month supply of condos on
the market.
Townhouses
constitute 53% of the current
condos listed. The
current listings
have spent an
average of 123 days
on the market. |
|
Price
|
Residential prices are
falling in Pleasant View.
The average
residential price
declined by $10,925
in zip code 84414
the first half of
2008 compared with
the same period in
2007. That
represents a 5%
decrease. The
dominate price range
is at $200,000 to
$299,999, the
highest in Weber
County. The median
condo sold price is
$242,665. Current listings
prices range between
$169,900 and $294,900. |
|
Financing
|
The majority of
financing in zip
code 84414 for
Pleasant View is by
conventional loans,
constituting 53.4%.
Cash purchases are
at 6.3% while |
|
Conclusion
|
The Pleasant View, UT real
estate market is
currently a buyers
market. Demand for
homes is decreasing
home prices are
falling.
The long marketing
time also favors buyers. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
________________________________________________________
Search for Pleasant View 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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