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Condos For Sale in Utah
Utah Condo Sales Up, Prices Down 2010 July 6, 2010
Condos sales have gone up in Utah so far in 2010 compared with the same period in 2009. The first six months saw 1,389 condos and townhouses sell, an increase of 36%. Meanwhile, condo and townhouse prices remain low. Median prices are below the median sold prices of 2007 through 2009, but above the 2006 prices. The median condo/townhouse price is $152,491. Square foot prices have slipped by $5 from last year, confirming that the current condo market in Utah is still a buyer's market. Utah Condominium Sales Trends for First Half of 2010____________________________________________________________________________________________________________________________________
Utah Condo HOA Fees June 4, 2010 Condo Home Owner Association (HOA) fees provide for many important services that make living in a condominium enjoyable. HOA fees often cover swimming pools, tennis courts, exercise facilities, club house, RV parking, gated access, parks, playgrounds, utilities, water, sewer, garbage pickup, TV cable, Internet, snow removal, landscape and grounds keeping, and other benefits. Before purchasing a condo, it is important to find out the monthly HOA fee and what the fee provides. Knowing the fee and the services upfront, gives the condo buyer a better view of the true value and cost of the condo they intend to purchase. Salt Lake City Condominium HOA Fee Survey____________________________________________________________________________________________________________________________________
Utah Condo Market 2009 January 6, 2010 Condo supply is up and condo demand is down for Utah during the past year. This real estate trend resulted in lower prices for Utah condominium buyers. Many condo owners lowered their prices in order to sell, resulting in significant savings for many condo buyers. Utah Condo Market 2009 Real Estate Trends ____________________________________________________________________________________________________________________________________
Orem & Provo Condo Market
September 30, 2009 Orem and Provo have a strong student population which favors condo living. Many who graduate and choose to stay in the area go on to purchase their first home, often an condo. The condo market in Orem and Provo is strong. Over 275 condos have sold so far this year. The average condo price sold was $158,803. The lowest price sold was at $64,900 while the highest price sold was $580,168. This condo was a luxury unit in the Country Club Villas. It had 2,268 square feet, four bedrooms and a two car garage. Although sales are still strong, it is taking much longer to sell a condo. The average market time was 102 days in the Provo-Orem market. Seventy-six condos or 27% sold in the price range $120,000 to $139,000, making the area very affordable.
Source: WFRMLS and condosUtah.com
South Jordan Condo Market
June 30, 2009 The condo market in South Jordan has cooled significantly so far this year. Only 21 condos have sold with the highest price at $250,000. The median price was $177,950. The lowest price sold was $155,500. On the positive side is the short time these condos were on the market until sold. The average market time until the condo was under contract was 61 days. Daybreak in South Jordan accounted for 14 of the condos sold or 67%. The median price sold for Daybreak condos was $175,900, slightly less than the South Jordan median. Ten of these condos sold in the price range $160,000 to $179,999. The average market time for a Daybreak condo until sold was only 40 days.
Source: WFRMLS and condosUtah.com
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Downtown Salt Lake City Condo Market
January 14, 2009 The downtown condo market is feeling the effects of the national economic downturn. The number of condos sold in 2008 in downtown Salt Lake City (SLC) is down by nearly 13% from 2007. This decrease pales in comparison with single family homes which fell by 29%. In 2008, the downtown area saw more condos sold than single family homes! There were 315 condos sold to 312 single family homes. Prices have also slightly decreased for downtown condos. The average condo in 2008 sold for nearly $5,500 less than in 2007 representing a 2.5% decrease. Condos are easier to sell currently on the market with an average downtown SLC condo price of $219,826 compared with an average single home price of $391,050.
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Equity Real Estate - Burgundy Canyons Group
7090 Union Park Center, Ste. 650, Midvale, Utah 84047 Telephone: 801-253-6771
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