South Salt Lake Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$141000 |
| Average Condo Price
(Sold) |
$135,499 |
| Low Condo Price
(Sold) |
$60,000 |
| High Condo Price
(Sold) |
$209,990 |
| Number of Condos Sold |
16 |
| Average Days on Market Until Sold |
85 |
________________________________________________________
|
Demand
|
South Salt Lake
condo demand has
fallen sharply.
Only 16 condos sold
in 2009. The
average number of
days a condo stays
on the market until
sold is 85 days
in South Salt Lake.
|
|
Supply
|
Condo supply in
South Salt Lake is
significantly lower
than in our last
study. Currently
there are 10 condos
for sale listed on
the market for a 7.5
month supply. |
|
Price
|
South Salt Lake
condo prices
are falling. The
average condo price
sold is $135,499.
The median condo
price dropped
$20,000 from our
previous study. The
lowest price condo
sold for $60,000. |
|
Conclusion
|
The South Salt Lake
condo market favors
buyers. Condo prices
are expected to
level off in 2010
for South Salt Lake. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
South Salt Lake Condo Trends
2007-2008
________________________________________________________
Search for South Salt Lake 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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