Springville Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$147,000 |
| Average Condo Price
(Sold) |
$149,299 |
| Low Condo Price
(Sold) |
$88,000 |
| High Condo Price
(Sold) |
$234,900 |
| Number of Condos Sold |
38 |
| Average Days on Market Until Sold |
102 |
________________________________________________________
|
Demand
|
Springville condo
demand has fallen
sharply. Only 38
condos sold in 2009.
It took nearly twice
as long to sell a
condo in Springville
with an average of
102 days on market
until sold. |
|
Supply
|
Springville
condo supply is down
with only 16
currently listed on
the market for sale.
There is only a 5
month supply. |
|
Price
|
Condo
prices are
decreasing
in Springville. The
average condo
price (sold) in
Springville is down
to $149,299 for
2009. The condo
median price sold
and highest price
sold are also down. |
|
Conclusion
|
The Springville
condo market is
currently a buyers
market. Supply
is currently low and
is expected to halt
the price decline in
2010.
|
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Springville Condo
Market
________________________________________________________
Search for Springville 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
|
