Cottonwood Heights Condo Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$182,450 |
| Average Condo Price
(Sold) |
$216,764 |
| Low Condo Price
(Sold) |
$114,900 |
| High Condo Price
(Sold) |
$640,000 |
| Number of Condos Sold |
33 |
| Average Days on Market Until Sold |
75 |
________________________________________________________
|
Demand
|
Condo
demand for Cottonwood
Heights, UT has
significantly
decreased the past
year.
Condos in Cottonwood Heights
average 75 days
listed on the market
until sold. Over the
past year, 33 condos
sold in Cottonwood Heights.
|
|
Supply
|
It is a buyers'
market for
Cottonwood Heights
condominiums.
At the time of this
report there were 23 Cottonwood
Heights condos
listed on the market.
This constitutes an 8 month supply. It is taking nearly
twice as long to
sell a Cottonwood
Heights condo
than it did in
our study in 2008. |
|
Price
|
The medium price for
a Cottonwood Heights
condominium
currently
for sale is $269,000
while the median
sold price is
$182,450. Condos in
Cottonwood Heights
cost an average of
$33,364 more than
the state average.
There is a
significantly wide
margin between the
highest price condo
and the lowest price
condo - $525,100. |
|
Conclusion
|
The Cottonwood
Heights condo market
currently favors
buyers. Current
buying activity is
in the lower price
ranges. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Cottonwood Heights Condo Statistics
________________________________________________________
Search for Cottonwood Heights Condos
Barry J. Preusz,
REALTOR®, 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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