Spanish Fork Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$143,000 |
| Average Condo Price
(Sold) |
$144,731 |
| Low Condo Price
(Sold) |
$90,000 |
| High Condo Price
(Sold) |
$215,000 |
| Number of Condos Sold |
16 |
| Average Days on Market Until Sold |
101 |
________________________________________________________
|
Demand
|
Spanish Fork
condo demand
declined in 2009
resulting in 16
condos sold. It took
nearly twice as long
to sell a condo in
2009 with an average
time on market of
101 days, 11 days
higher than the
state average. |
|
Supply
|
Condo supply in Spanish Fork
favors buyers. There
are 13
current listings for a
10 month supply.
|
|
Price
|
Condo
prices are
falling
in Spanish Fork. The
average condo
price (sold) in
Spanish Fork is
$144,731. The
highest price condo
sold for $215,000
while the lowest
price condo sold for
$90,000. |
|
Conclusion
|
The Spanish Fork condo
market is
currently a buyer's
market. Supply
is above 6 months,
prices are
lower and demand is down.
|
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Spanish Fork Condo
Market
________________________________________________________
Search for Spanish Fork 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
|
