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BYU Student Condominium Market Trends

 

The Student Condominium Market at BYU is in good supply. Currently there are 73 properties listed on the market as "BYU approved" for student off-campus housing. Fifty-eight of these properties are condos for sale. Ten are townhouses for sale. Five are single family homes for sale. Prices range from $121,900 for two bedrooms and one bath to $191,900 for three bedrooms and three baths. Parents who contemplate investing in their students housing while at the same time investing in the real estate market have a good selection to choose from. BYU Student Condos - The Avenues

Currently seven "BYU approved" properties are under contract. Fifty nine properties have sold in the past 12 months. Prices for sold condos ranged from a low of $99,000 for 600 square feet to $205,900 for 1,215 square feet.

Average rents are $281 to $182 for shared rooms and $325 to $228 for private rooms. The BYU housing office assist condos owners with finding student renters. BYU has a student population of around 30,000.

Real estate has been a good long-term investment. A study of BYU Condominium prices for more than a decade shows that holding BYU condo properties for the long term can be a wise investment. Parents of students who need to provide housing for their students while attending college can pay for their students housing while also investing. Student roommates can reduce expenses. Condo investors are also attracted by the multiple monthly rental incomes for a single condo unit. (Search for current BYU approved condos)

Click here for 2008 BYU condo market report or to view Historical Sales Data for BYU Condos since 1996.

 

 

Comments and sales data on this website do not constitute investment advise. Investment purchasers should always counsel with their attorney and professional tax advisor.

(Source: WFRMLS and condosUtah.com. Information is deemed reliable but not guaranteed.)

 

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Other BYU Condominium Web Pages:

BYU Condo Investing

Search for BYU Condos For Sale

Brigham Young University Condo Trends - Snapshot of BYU Student Condo Trends

BYU Condo Market - Sales Trends 2008

BYU Condominiums For Sale - Sales Trends 2010

BYU Condominium Sales - Historical Review of BYU Condo Prices Since 1996

BYU Condo Comparison - Rental Comparisons for BYU Student Condominiums Listed by Complex

BYU Approved Condominium Review List - Side-by-side Comparison of BYU Condo Features

Brigham Young University Campus and Provo Area Map

Brigham Young University Off-Campus Housing Boundary Map - Approved Condominium Boundaries








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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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BYU Condominiums For Sale in Provo, Utah - BYU Approved Condos For Sale | Student Condos