Utah Condos  > > Salt Lake City Downtown Condominium Review for 2011

 

Downtown Salt Lake City Condos

 

Salt Lake City Condo - Canyoun Road Towers
Downtown Condominium sales were up in 2011, experiencing a 6% increase for the year. While demand is up, prices are down. Condominium prices for downtown fell by 3%. Comparing downtown condos with the rest of the state, downtown condo prices experienced higher demand (difference 5.8%) and a smaller price decrease (difference of 5%). Downtown condos offer more price stability and greater demand. The supply of condos is evenly matched between downtown and the rest of the state at a 10 month supply. A supply figure above 6 months is considered to favor buyers. While the supply is evenly matched between Utah Condos and Downtown Salt Lake Condos in the comparison, it took less time to sell a downtown condo than a condo in the rest of the state by 25 days. Below is a summary of Downtown Salt Lake City Condo statistics for 2011 compared with Utah Condo statistics for the previous seven years. A similar chart for all condos and townhouses sold in Utah is also provided for your review.

 

Price

 

Utah Condos/Townhouses

Down 8%

Downtown SLC Condos/Townhouses

Down 3%

 

Utah Condos/Townhouses

$134,950

Downtown SLC Condos/Townhouses

$183,475

 

Demand

 

Utah Condos/Townhouses

Up 0.3%

Downtown SLC Condos/Townhouses

Up 6%

 

Supply

 

Utah Condos/Townhouses

10 month supply

Downtown SLC Condos/Townhouses

10 month supply

 

Utah Condos/Townhouses

107 days to sell

Downtown SLC Condos/Townhouses

82 days to sell

 

 

 

Downtown Salt Lake City Condo Properties Details (zips - 84101, 84111)
Downtown Salt Lake City Condo Statistics for 2011

 

 

Utah Condo & Townhouse Properties Details
Utah Condo Statistics for 2011

 

 

Source: WFRMLS and condosUtah.com, data is deemed reliable but not guaranteed.

 

 

 

 

 

 

 

 






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Barry J. Preusz
REALTOR | Condominium Specialist


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