Salt Lake City Condominium Market
Annual Report:
2009
| Median Condo Price
(Sold) |
$165,000 |
| Average Condo Price
(Sold) |
$191,427 |
| Low Condo Price
(Sold) |
$33,250 |
| High Condo Price
(Sold) |
$2,859,823 |
| Number of Condos Sold |
768 |
| Average Days on Market Until Sold |
91 |
|
Current Supply |
563 |
|
# Months Supply |
8.8 |
Search for Downtown Salt Lake City Condos
Downtown Luxury Condo For Sale
________________________________________________________
|
Demand
|
Salt Lake City is
the leading condominium
market in Utah. Salt
Lake City condo
sales achieved 768
sold in 2009,
showing a decline in
demand. It takes and
average of 91 days
to sell a condo in
Salt Lake. |
|
Supply
|
There
are currently 563 condos
for sale listed on the market in
Salt Lake City for
nearly a 9 month
supply. |
|
Price
|
Condo prices are
experiencing a
downward slide.
Average condo prices
sold are $191,427 in
Salt Lake City.
Currently there are
great bargains for
downtown luxury
condos. |
|
Conclusion
|
The
Salt Lake City condo
market favors
buyers. Many new
condo developments
will likely continue
to keep prices low
through 2010. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
July 1, 2007 - June 30, 2008
Salt Lake City Condo Market
________________________________________________________
Search for Salt Lake City Condos
Barry J. Preusz,
REALTORŪ, Downtown South Jordan Condo Specialist,
Equity Real Estate,
7090 Union Park Center, Midvale Utah, 84047
© 2007 - 2011 CondosUtah
.com
All Rights Reserved
|
