Midvale Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$160,000 |
| Average Condo Price
(Sold) |
$176,046 |
| Low Condo Price
(Sold) |
$102,000 |
| High Condo Price
(Sold) |
$333,000 |
| Number of Condos Sold |
125 |
| Average Days on Market Until Sold |
75 |
________________________________________________________
|
Demand
|
Midvale
condo demand has
decreased in 2009,
with 91 condos sold.
It took an
average of 75
marketing days
for a Midvale condo
to sell which is
significantly longer
compared with our
previous study. It
takes an average of
15 days less to sell
than the state
average. |
|
Supply
|
The supply of Midvale is
is at nearly 7
months with a
currently listing
count of 52.
Townhouses are the
predominate condo
listing in Midvale. |
|
Price
|
Midvale
condo prices
are flat although
the highest priced
condos have fallen
in price
significantly. Condo
prices are around
$19,000 less than
the state average. |
|
Conclusion
|
The
Midvale condo market
favors buyers.
Prices are flat,
supply is good and
many sellers are
anxious for an offer. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Midvale Condo
Trends
________________________________________________________
Search for Midvale 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
|
