Lehi Condominium Market
Semi-Annual Report:
2009
| Median Condo Price
(Sold) |
$170,500 |
| Average Condo Price
(Sold) |
$171,004 |
| Low Condo Price
(Sold) |
$117,500 |
| High Condo Price
(Sold) |
$246,000 |
| Number of Condos Sold |
75 |
| Average Days on Market Until Sold |
72 |
________________________________________________________
|
Demand
|
Condo demand in Lehi
has risen with 75
condos sold in 2009.
The average
number of days a
condo stays on the
market until sold
in Lehi is 72,
unchanged from our
last study. Ten
percent of the
condos sold in Utah
County occurred in
Lehi. |
|
Supply
|
Condos for sale in Lehi
are down to 40,
representing a 6
month supply.
|
|
Price
|
Condo
prices in Lehi
are down by around
$10,000. Lehi
condos have a
median price of
$170,500 and an
average price of
$171,004. The
average condo sold
price is lower than
the state average by
$12,396.
|
|
Conclusion
|
With prices moving
up and supply moving
down, the Lehi condo
market is moving
towards a Seller's
market. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Lehi Condo
Statistics
________________________________________________________
Search for Lehi Condos
Barry J. Preusz,
REALTORŪ, 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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