Draper Condo Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$189,030 |
| Average Condo Price
(Sold) |
$199,643 |
| Low Condo Price
(Sold) |
$137,500 |
| High Condo Price
(Sold) |
$329,143 |
| Number of Condos Sold |
119 |
| Average Days on Market Until Sold |
97 |
________________________________________________________
|
Demand
|
Condo demand in
Draper, UT has
remain steady since
our last report.
Condos in Draper
average 97 days
listed on the market
until sold. Over the
past year, 119 condos
sold in Draper.
|
|
Supply
|
At the time of this
report there were 52
Draper condominiums
listed on the market
for sale. That
represents a only a
5 month supply,
nearly half of the
state's average.
However, it is taking
an average of seven
days longer to sell
a condo
listing in Draper compared
with the state. |
|
Price
|
The median price
for condos sold in
Draper during 2009 is $199,643
while the average
sold price is
$189,030. Condos in
Draper
cost an average of
$16,243 more than
the state average.
The
margin between the
highest price condo
and the lowest price
condo is $191,643. |
|
Conclusion
|
The Draper condo market
currently is
shifting towards a
Seller market. Many
of Draper's condos
have spectacular
views of the valley
making them a great
buy. Draper also
offers easy access
to Salt Lake and
Provo areas. You can
compare our 2009
study with our 2008
study by clicking on
the following link:
Draper Condos 07-08. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Draper Condo Statistics
________________________________________________________
Search for Draper 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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