Cedar Hills Condominium Market

Median Condo Price (Sold)	$175,000
Average Condo Price (Sold)	$187,155
Low Condo Price (Sold)	$165,000
High Condo Price (Sold)	$255,900
Number of Condos Sold	11
Average Days on Market Until Sold	67

 

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Demand	Cedar Hills condominium demand declined significantly. Average prices sold have fallen by more than $40,000 from the average in June 2008. The number of condos sold during 2009is 11. However, on the positive side, the average number of days a condo stays on the market until sold in Cedar Hills is 67, which is 11 days less. This decrease in the amount of time it takes to sell a condo in Cedar Hills can be mostly attributed to the low number of condos listed on the market. Currently there are no condo sales pending in Cedar Hills.
Supply	Supply in Cedar Hills is down. Currently there are 3 condos for sale listed on the market. This means there is only a 3 month supply. This factor favors condominium sellers.
Price	Condo prices have fallen in Cedar Hills. The average condo price (sold) is $187,155 over the past year.
Conclusion	The Cedar Hills condo market is beginning to shift to a seller's market. Supply is short and prices are continuing to fall which should stimulate more demand. As demand increases, buyers can expect higher condo prices.

Source:  Wasatch Front Regional Multiple Listing Service and condosUtah.com. Figures are deemed reliable but not guaranteed.

2007-2008 Cedar Hill Condo Statistics

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Cedar Hills Condo Development List and Approximate Location

Bridgestone (9560N/4425W)
Cedars Townhomes 3800N/10400W)
Falcon Ridge (10600N/3800W)
The Cedars (10357N/3800W)