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condosUtah.com > > Utah Condominium Trends 2007 > > Utah Condo News & Trends
Utah Condominium Trends
November 6, 2007
So far in 2007,
Utah has sold 5,004 condos, according to the Wasatch
Front Regional Multiple Listing Service data. The
average price for a sold condo was $196,226. The
condominiums averaged 47 days on the market until
sold. A total of over $981 million dollars has been
spent year-to-date on a condo purchase.
 Currently
there are 2,811 condos listed on the market. Of
those currently listed, 1,276 are priced below
$200,000. Some of the condos priced below $200,000
are time-shares, mostly concentrated in the Park
City area. There are 296 condos priced above
half-million dollars and only 42 priced above
1-million dollars. The highest priced condo
currently on the market is in Park City, Belle Arbor subdivision for $4,295,000. It has 4 bedrooms, 4.5
baths, 2 car garage, hardwood and carpet floors and
was built in 2004. The monthly HOA fee is $111.
So far this year,
24 condos have sold that were priced above
1-million. The highest priced condo sold was in Deer Valley for $3.5 million. It has 4 bedrooms, 2 full
baths, 2 three-fours baths, one half-bath and a 2
car garage. This Empire Canyon property sold in
July.
The chart below
shows current trends for counties in the Salt Lake
area:
|
Rank |
County |
# Condos Sold |
% Change from 2006 |
Condo Average Price |
% Change from 2006 |
Average Days On Market Until Sold |
% Change from 2006 |
|
1 |
Salt Lake |
2,426 |
-15.35 |
$192,096 |
19.06 |
36 |
16.13 |
|
2 |
Utah |
1,171 |
-2.09 |
$172,296 |
16.23 |
50 |
0 |
|
3 |
Davis |
298 |
-12.35 |
$164,451 |
17.49 |
43 |
0 |
|
4 |
Weber |
425 |
-8.01 |
$133,060 |
13.38 |
50 |
-12.28 |
|
5 |
Summit |
317 |
0.32 |
$463,703 |
15.73 |
89 |
21.92 |
|
6 |
Wasatch |
55 |
-23.61 |
$276,681 |
-22.11 |
86 |
26.47 |
|
|
All Utah |
5,004 |
-10.75 |
$196,226 |
16.9 |
47 |
6.82 |
(Source: Wasatch Front Regional Multiple Listing Service and
condosUtah.com)
Utah Condominium Resources
Search Utah Condos - Current condominium listing in Utah.
Search Utah Townhouses - Condo Townhouses for sale in Utah.
Search Utah Ski Condos - Ski Condos for sale in Utah: Alta, Brighton, Deer Valley, Park City, Snowbird, Solitude, & Sundance.
Utah Condo Trends - 2007 Condominium market sales, including condo prices, condo demand, and condo supply.
Utah Condominium Update - 2008 Condos for sale in Utah, including condo and townhouse sales and statistics.
Utah Condo Report - 2009 Condominium market trends, including condo demand, condo prices, and condo supply.
Utah Condominium Update - 2010 Condo & Townhouse market update.
Utah Condo REALTOR - Condominium real estate specialist for Utah.
Salt Lake City Map
Barry J. Preusz,
REALTORŪ, Downtown Salt Lake City Condo Specialist,
Equity Real Estate,
7090 Union Park Center, Midvale Utah, 84047
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