Orem Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$132,250 |
| Average Condo Price
(Sold) |
$145,104 |
| Low Condo Price
(Sold) |
$95,000 |
| High Condo Price
(Sold) |
$285,000 |
| Number of Condos Sold |
136 |
| Average Days on Market Until Sold |
94 |
________________________________________________________
|
Demand
|
Orem
condo demand
has declined in 2009
with only 136 condos
sold. It took and
average of 94 days
for a condo listing
in Orem to sell.
Orem condo sales
represented 17% of
the condos sold in
Utah County. |
|
Supply
|
There are currently
84 condos for sale
listed on the market
in Orem. This
represents a 7 month
supply. |
|
Price
|
Orem condo prices
are declining. The
average sold price
in 2009 was
$145,104. The lowest
price condo sold for
$95,000 while the
highest price condo
sold for $285,000. |
|
Conclusion
|
The Orem condo
market favors
buyers. Condo prices
are declining and
supply is high. |
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007 - 2008 Orem Condo
Market Trends
________________________________________________________
Search for Orem Condos
Barry J. Preusz,
REALTORŪ, Downtown Salt Lake City Condo Specialist,
Equity Real Estate,
1218 East 7800 South, Salt Lake City, Utah 84094
© 2007 - 2013 CondosUtah
.com
All Rights Reserved
|