Logan Condominium Market
Semi-Annual Report:
2009
| Median Condo Price
(Sold) |
$160,050 |
| Average Condo Price
(Sold) |
$152,872 |
| Low Condo Price
(Sold) |
$63,000 |
| High Condo Price
(Sold) |
$260,000 |
| Number of Condos Sold |
74 |
| Average Days on Market Until Sold |
101 |
________________________________________________________
|
Demand
|
Logan,
UT condo
demand is down
significantly.
Only 74 condos
sold last year. Condos in Logan
average only 101
days listed on the
market until sold.
That figure has more
than double since
our last study.
Sixty percent of the
condos sold in Cache
County are in Logan. |
|
Supply
|
There
are currently 38 condos
on the market in
Logan. This
constitutes a 6
month supply of
condos for sale.
|
|
Price
|
The average
condo sold price in
Logan has remained
stable. The median
condo sold price is
$111,750. |
|
Conclusion
|
The
Logan condo
market has moved
from one of the
strongest in the
state to a lack
luster market.
Supply is
approaching a
Seller's market
designation but is
not quite there yet.
Buyers can expect
some great deals
with average prices
$63,000 below the
state average.
|
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Logan Condo
Statistics
________________________________________________________
Search for Logan 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
All Rights Reserved
|
