Sundance Condominium Market
Annual Report:  2009
| Median Condo Price
(Sold) |
$555,000 |
| Average Condo Price
(Sold) |
$495,000 |
| Low Condo Price
(Sold) |
$435,000 |
| High Condo Price
(Sold) |
$555,000 |
| Number of Condos Sold |
2 |
| Average Days on Market Until Sold |
263 |
________________________________________________________
|
Demand
|
Sundance
condo demand
declined in 2009 to
only 2 sold. It took
an average of 263
days to sell a condo
listed on the
market, 173 days
more than the state
average. |
|
Supply
|
Condo supply is
high
in Sundance.
There are 13
condos
currently listed
on the Sundance
market for over a 6
1/2 year supply.
Sundance has the
second highest
supply of condos in
our study within the
state. |
|
Price
|
Sundance condo
prices are falling
in every category -
the average price
sold, median price
sold, and highest
price sold except
one - lowest price
sold. The lowest
priced condo sold
for $435,000. For
2009, the average
Sundance condo price
sold was $435,000
which is $311,000
above the state
average. |
|
Conclusion
|
The Sundance condo
market is declining.
Demand is down,
prices are down and
supply is very high. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007 - 2008
Sundance Condo Market Trends
________________________________________________________
Search for Sundance 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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