West Jordan Condominium Market
Semi-Annual Report: July 1, 2007 - June 30, 2008
| Median Condo Price
(Sold) |
$184,950 |
| Average Condo Price
(Sold) |
$184,892 |
| Low Condo Price
(Sold) |
$79,000 |
| High Condo Price
(Sold) |
$310,000 |
| Number of Condos Sold |
213 |
| Average Days on Market Until Sold |
52 |
| Dominate Price Range |
$100,000 - $199,999 |
| Dominate Price Range % of Total |
71% |
________________________________________________________
|
Demand
|
West Jordan
condo demand is
mild.
The
average number of
days a condo stays
on the market in
West Jordan until
sold is 52
days--5 days less than
the state average.
During the past 12
months, West Jordan
sold 213 condos, 9%
of Salt Lake
County's total.
|
|
Supply
|
Supply in West
Jordan is at a 7.1 month supply.
There are
currently 126 condos
listed on the
market. The current condo
listings have an average of
75 days
on the market.
Townhouses
constitute 73% of
the current
listings.
|
|
Price
|
Residential prices
in
West Jordan
are trending
downward. Home
prices are lower on
average by $5,768
from the same
year-to-date period
of a year ago.
Current listing
prices range from
$119,900 to
$360,825. |
|
Financing
|
Conventional
loans account for
63.2% of home
financing in
West Jordan. FHA
loans are
popular in West Jordan,
currently at 23.7%. Cash
purchases are at 4.3%. |
|
Conclusion
|
The
West Jordan condo market
favors buyers
slightly. Current inventory
is above six months
and prices are
falling. West
Jordan's central
west location makes
it a good market for
Salt Lake County
commuters. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
________________________________________________________
Search for West Jordan 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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