Sandy Condominium Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$195,700 |
| Average Condo Price
(Sold) |
$208,582 |
| Low Condo Price
(Sold) |
$104,650 |
| High Condo Price
(Sold) |
$1,350,000 |
| Number of Condos Sold |
96 |
| Average Days on Market Until Sold |
105 |
________________________________________________________
|
Demand
|
Sandy
condo demand has
fallen to 96 sold
condos in 2009. It
is taking nearly
twice as long to
sell a condo now
with an average 87
days. |
|
Supply
|
Condo supply is high
in Sandy.
There is a very good selection of
condos on the market with a
current listing count of
105. It will take
approximately 13
months to sell the
current inventory.
|
|
Price
|
Condo prices
in Sandy are
slipping. The
average condo sold
price was $208,582.
Sandy condo prices
are $25,000
above the state
average. The highest
priced condo sold
for $1,350,000.
|
|
Conclusion
|
The
Sandy condo market
currently favors
buyers. Current
sellers should be
highly motivated to
negotiate with
buyers due to the
long average market
time and
high supply.
|
Source:
Wasatch Front Regional
Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Sandy Condo Trends
________________________________________________________
Search for Sandy Condos
Barry J. Preusz,
REALTORŪ, Downtown Salt Lake City Condo Specialist,
Equity Real Estate,
1218 East 7800 South, Salt Lake City, Utah 84094
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