Taylorsville Condominium Market
Semi-Annual Report: July 1, 2007 - June 30, 2008
| Median Condo Price
(Sold) |
$132,500 |
| Average Condo Price
(Sold) |
$142,731 |
| Low Condo Price
(Sold) |
$81,000 |
| High Condo Price
(Sold) |
$292,000 |
| Number of Condos Sold |
132 |
| Average Days on Market Until Sold |
39 |
| Dominate Price Range |
$100,000 - $199,999 |
| Dominate Price Range % of Total |
90% |
________________________________________________________
|
Demand
|
Taylorsville
condo demand is
very high.
The
average number of
days a condo stays
on the market in
Taylorsville until
sold is only 39
days--the third
lowest in
Salt Lake County. Taylorsville
sold 132 condos over
the past 12 months.
|
|
Supply
|
Supply is low
in Taylorsville with
only 38 current listings
on the
market, representing
a 3.5 month supply.
The current condo
listings have an average of
67 days
on the market. Of the
currently listed
condos, 74% are
the more desirable townhouse
style.
|
|
Price
|
Taylorsville
condos and
townhouses have a
median sold price $132,500
and an average sold
price of $142,731.
The median sold
price is $31,500
lower than the
state. Current
listing prices range
from $100,000 to
$318,540.
|
|
Financing
|
Conventional
loans account for
approximately 56% of home
financing in
Taylorsville. FHA
loans currently make
up a growing 28.1%. Cash
purchases are at 4.8%. |
|
Conclusion
|
The
Taylorsville condo market
currently favors
sellers. The
low
number of days on
market for both
listed and sold
properties and the
low inventory
support sellers with
buyer who are
looking to buy
within the
Taylorsville market.
The low prices in
Taylorsville should
also attract buyers,
particularly
first-time buyers,
from more expensive
markets. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
________________________________________________________
Search for Taylorsville 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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