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BYU Student Condo Real Estate
BYU Condominium prices
are showing an upward trend
again. The median BYU condo
price increase by $2,750 in 2010
over the median price of 2009,
representing a 2% increase.
Fewer BYU condos sold in 2010
than in 2009 by 12 condo units,
representing 21% decrease in
demand. Current supply of
BYU
Condos as of March 2011 is 62
condo units listed for sale. It
will take approximately 16
months to sell the current
supply of BYU student condos
listed for sale on the market.
Below is a market summary:
Price:
Up (2% increase)
Supply:
High (16 month
inventory)
Demand:
Low (21% decrease)
Conclusion: The BYU
Condo real estate market favors
buyers. Demand is still low with
a high inventory of BYU approved
condos listed on the market.
Below is a six year study
completed by
condosUtah.com of
BYU
Condo Sales in the
Provo,
Utah market area. Data source
for the study is the Wasatch
Front Regional Multiple Listing
Service.
BYU Condo Sales Statistics 2005 - 2010
(Source: WFRMLS and condosUtah.com. Information is deemed reliable but not guaranteed.)
BYU Condominium Search for
current condo listings for sale
in Provo, Utah.
_____________________________________________
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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