Condo prices in Utah are increasing in two key cities - Bountiful and Ogden while falling in Park City.
Heber City, Provo, Saint George, Salt Lake City and Tooele saw condominium prices remaining flat.
These findings come from a study looking at condo sales in eight key cities in Utah. This study examined figures collected the past 365 days from May 31, 2008.
Each city is located within separate counties.
Tooele has the lowest median condo price at $134,900 and Park City with the highest at $325,000. Bountiful has the shortest selling time with an average of only 37 days. Heber City has the longest selling time at 150 days but also has the fewest selling condos at only 6 condominiums for the past year.
The chart below shows current condominium trends for major Utah counties:
City
County
Condo Median Price
Condo Price Change +/-
Condo Ave Market Time
Condo Sales as % of Residential Property
Sold
Bountiful
Davis
$148,200
+
37
28%
Heber City
Wasatch
$195,000
same
150
4%
Ogden
Weber
$111,500
+
51
11%
Park City
Summit
$325,000
-
118
56%
Provo
Utah
$160,000
same
68
40%
Saint George
Washington
$170,000
same
74
27%
Salt Lake City
Salt Lake
$169,200
same
39
23%
Tooele
Tooele
$134,900
same
51
4%
* Median sold price for single family homes and condos past 365 days.
Average market time report in number of
days to sell property listing.
(Source: Wasatch Front Regional Multiple Listing Service and
condosUtah
.com.
Information deemed reliable but not guaranteed.)
Utah Real Estate Pulse - Condos and Townhouse Trends
Utah condo prices are increasing in Bountiful and Ogden while remaining flat in most areas. Study examines real estate trends and statistics for Park City, Ogden, Bountiful, Heber City, Provo, Saint George, Salt Lake City and Tooele.
Topics: Utah condos, Utah condominiums, condo pricing, days on market, Park City, Ogden, Bountiful,
Heber City, Provo, Saint George, Salt Lake City, Tooele, statistics, trends,
real estate, salt lake county, Utah county, Tooele County, Davis County, Wasatch
County, Summit County, Washington county, Utah, UT
Heber City, Provo, Saint George, Salt Lake City and Tooele saw condominium prices remaining flat.
These findings come from a study looking at condo sales in eight key cities in Utah. This study examined figures collected the past 365 days from May 31, 2008.
Each city is located within separate counties.
