Provo Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$160,000 |
| Average Condo Price
(Sold) |
$165,158 |
| Low Condo Price
(Sold) |
$64,900 |
| High Condo Price
(Sold) |
$580,168 |
| Number of Condos Sold |
215 |
| Average Days on Market Until Sold |
104 |
________________________________________________________
|
Demand
|
Provo condo demand
has fallen sharply
in 2009. Provo sold
215 condos and
thereby still leads
Utah County in
condos sales,
achieving 28% of the
total condos sold.
It took an average
of 104 days on the
market for a condo
to sell. |
|
Supply
|
Supply is
great
in Provo.
There is a good selection of
condos on the market with a
current listing count of
167 for a 9.3 month
supply.
|
|
Price
|
Although demand for
condos has fallen in
Provo, condo
prices have held
steady except for
luxury condos. The
highest priced condo
sold for $580,168.
The average condo
price in Provo, Utah
is $165,158. |
|
Conclusion
|
The Provo condo
market is
maintaining the
average price
for condos sold.
Luxury condos are
currently at a
bargain. Prices are
expected to show a
slight increase as
pent up demand for
first-time buyers
continues to
increase and as more
loan programs become
available. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Provo Condo Market
Trends
________________________________________________________
Search for Provo 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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