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Condo Sales Report – Utah County 2007
Sales Trends for Condos in
Utah County
December 31, 2007
Condo sales in Utah County reached 1,291 sold in
2007. The average days a condo remained on the
market until sold was 51 days. On December 31, 2007,
there were 568 condos currently active on the market
with an average market time of 98 days. The median
condo price is $184,900 while the average condo
price is $220,426.
The upper 10% of the condo market falls in the price
range above $300,000. Currently there are 58 condos
priced in the upper tier. There were a total 38
condos sold in 2007 in the upper tier.
In the charts
below, the number of condos sales on the market, the
number of new condo listings, the average price
sold, the average price listed and the average days
a condo is listed on the market until sold are
displayed:
|
Price Class |
Condo Sales |
* New Listings |
|
|
|
|
$0 - $49,999 |
0 |
29 |
|
|
$50,000 - $74,999 |
3 |
12 |
|
|
$75,000 - $99,999 |
43 |
67 |
|
|
$100,000 - $119,999 |
53 |
75 |
|
|
$120,000 - $139,999 |
271 |
498 |
|
|
$140,000 - $159,999 |
263 |
798 |
|
|
$160,000 - $179,999 |
209 |
999 |
|
|
$180,000 - $199,999 |
182 |
1,373 |
|
|
$200,000 - $219,999 |
109 |
1,177 |
|
|
$220,000 - $239,999 |
72 |
1,417 |
|
|
$240,000 - $259,999 |
29 |
1,167 |
|
|
$260,000 - $279,999 |
12 |
1,095 |
|
|
$280,000 - $299,999 |
7 |
950 |
|
|
$300,000 - $349,999 |
8 |
1,668 |
|
|
$350,000 - $399,999 |
16 |
1,342 |
|
|
$400,000 - $449,999 |
8 |
821 |
|
|
$450,000 - $499,999 |
3 |
721 |
|
|
$500,000 - $749,999 |
2 |
1,544 |
|
|
$750,000 or Over |
1 |
663 |
|
|
Total Units |
1,291 |
16,416 |
|
|
Average Price |
$172,283 |
$342,138 |
|
|
Dollar Volume |
$222,418,367 |
$5,616,551,217 |
|
|
* Figures in the "New Listings" column
are based upon the listing price of each
property. All other data is based upon
property's selling price. |
|
|
Days on Market |
|
1 - 30 |
2,415 |
|
31 - 60 |
1,349 |
|
61 - 90 |
737 |
|
91 - 120 |
438 |
|
121 or Over |
575 |
|
Average |
51 |
|
Days on Market
is calculated by counting
the days between the Listing
Date and the Contract Date
(the date the home goes
under contract). |
|
|
Source: WFRMLS and
condosUtah.com.
Information deemed reliable buy not guaranteed.
_____________________________________________
Salt Lake City Map
Barry J. Preusz,
REALTOR®, Downtown Salt Lake
City Condo Specialist,
Equity Real Estate,
7090 Union Park Center, Midvale
Utah, 84047
© 2007 - 2008 CondosUtah
.com
All Rights Reserved
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