West Valley City Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$141,000 |
| Average Condo Price
(Sold) |
$139,321 |
| Low Condo Price
(Sold) |
$56,500 |
| High Condo Price
(Sold) |
$265,000 |
| Number of Condos Sold |
92 |
| Average Days on Market Until Sold |
83 |
________________________________________________________
|
Demand
|
West Valley City
condo demand is
fallen sharply. Only
92 condos sold in
2009. It took an
average of 83 days
marketing time to
sell a West Jordan
condo. |
|
Supply
|
West Valley condo
supply has increased
with 69 condos for
sale currently
listed on the
market. It will take
an estimated 9
months to sell the
current inventory. |
|
Price
|
West Valley City
condo prices have
slipped in 2009. The
average condo price
sold was $139,321
which is $44,079
less than the state
average. The lowest
priced condo sold
was $56,500. |
|
Conclusion
|
The
West Valley condo market
highly favors
buyer. Supply is up,
demand is down and
prices are down.
Prices are likely to
decrease slightly in
2010. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 West Valley Condo
Market
________________________________________________________
Search for West Valley City 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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