Salt Lake City Condominium Market
Annual Report:
2009
| Median Condo Price
(Sold) |
$170,000 |
| Average Condo Price
(Sold) |
$204,491 |
| Low Condo Price
(Sold) |
$54,000 |
| High Condo Price
(Sold) |
$1,250,000 |
| Number of Condos Sold |
841 |
| Average Days on Market Until Sold |
45 |
| Dominate Price Range |
$100,000 - $199,999 |
| Dominate Price Range % of Total |
54% |
________________________________________________________
|
Demand
|
Salt Lake City is
the leading condominium
market in Utah. Salt
Lake City condo
sales achieved 768
sold in 2009,
showing a decline in
demand. It takes and
average of 91 days
to sell a condo in
Salt Lake. |
|
Supply
|
There
are currently 563 condos
for sale listed on the market in
Salt Lake City for
nearly a 9 month
supply. |
|
Price
|
Condo prices are
experiencing a
downward slide.
Average condo prices
sold are $191,427 in
Salt Lake City.
Currently there are
great bargains for
downtown luxury
condos. |
|
Conclusion
|
The
Salt Lake City condo
market favors
buyers. Many new
condo developments
will likely continue
to keep prices low
through 2010. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
July 1, 2007 - June 30, 2008
Salt Lake City Condo Market
________________________________________________________
Search for Salt Lake City Condos
Barry J. Preusz,
REALTOR®, Downtown South Jordan Condo Specialist,
Equity Real Estate,
7090 Union Park Center, Midvale Utah, 84047
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.com
All Rights Reserved
|
