Utah Condominium Market 2009

 

Utah CondominiumsUtah Condo Supply and Demand - Condo supply is up and demand is down for 2009. Condominium buyers enjoyed lower prices and a great selection to choose from. Salt Lake County Condos saw the highest price paid for a condo as well as the lowest price paid at $2,859,823 and $10,000 respectively. A Condo in Park City also posted the highest price at $2,450,000. In this annual report, Salt Lake County ended the year with the highest inventory of condos listed on the market with nearly half of the state total. Salt Lake County also had the highest number sold, more than half the sales within the state. Wasatch County has the highest average number of days it takes to sell a condo at 143 and the highest number of months of supply at 30.7 months. Weber County offers the best prices for condos with a 2009 median price of $119,900.

The chart below displays details for the Salt Lake Area Condo sales and market activity for 2009. Items highlighted in yellow are category leaders.

Utah Condo Sales Trends

  Number Sold Median Price Average Price Low Price High Price Supply # of Months Supply Average Days on Market
Utah 3,714 $155,000 $183,400 $10,000 $2,859,823 3002 9.7 90
Salt Lake County 1,864 $165,000 $179,713 $10,000 $2,859,823 1338 8.6 86
Utah County 778 $147,000 $154,822 $64,900 $580,168 486 7.5 93
Davis County 313 $161,100 $163,539 $51,000 $402,281 181 6.9 83
Weber County 270 $119,900 $130,765 $32,500 $440,000 243 10.8 91
Summit County 270 $325,000 $472,145 $19,000 $2,450,000 428 19.0 114
Cache County 123 $134,650 $130,658 $64,000 $235,000 52 5.1 98
Washington County 64 $121,000 $133,250 $40,500 $417,900 70 13.1 90
Wasatch County 34 $155,000 $218,985 $85,680 $699,000 87 30.7 143
Tooele County 33 $139,900 $145,878 $99,000 $205,000 41 14.9 73

 

Source: Wasatch Front Regional Multiple Listing Service and condosUtah.com.

 

 

 

 

 

Utah Condominium Resources

 

Search Utah Condos - Current condominium listing in Utah.

Search Utah Townhouses - Condo Townhouses for sale in Utah.

Search Utah Ski Condos - Ski Condos for sale in Utah: Alta, Brighton, Canyons, Park City, Snowbird, Solitude, & Sundance.

Park City Condos - Condominium condo prices, condo demand, and condo supply in Park City, Utah.

Utah Condominium Synopsis - 2008 Condos for sale in Utah, including condo sales and statistics.

Utah Condominium Report - 2009 Condominium market activity, including condo demand, condo prices, and condo supply.

Utah Condominium Update - 2010 Condo & Townhouse market activity.

Utah Condo Real Estate Specialist - Condo real estate agent for Utah condominiums.

 

 

 

 

 






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Barry J. Preusz
REALTOR | Residential Specialist


Equity Real Estate, 1218 East 7800 South, Salt Lake City, Utah 84094
Office: 801-993-0083