Annual condo sales in 2009 went up for Salt Lake Utah Homes For Sale. This was a good year end report for Salt Lake after its four year decline in condo selling since 2005. There were about 792 Condos were released and sold in the market last year which made it higher compared to 2008 sale performance.

The median price of condos last year decreased to $165,000 from $172,000 of 2008’s sales record and had an average price of $188,781, which went down from $206, 275.

Here’s a graph showing how the numbers of condos curved up and down annually:

More new condos is expected to be built this year as the tax credit is extended and a lot of home buyers will be really motivated to buy new homes in the real estate market.

Weather condition is unpredictable, whether its bad or good. Cycle of operations are the ones affected when nature strikes back to business. It may deteriorate business’ flows. We must take note that weather condition must be considered a factor in constructing or building new homes.

Recently, housing construction declined 4 percent last December 2009. Commerce Department released a report last Wednesday that it decreased to a seasonally adjusted annual rate of 557,000 from 580,000.

Bad weather that happened in the Northeast and Midwest were pointed out to be the reason of a decline in housing construction. There was a sudden decreased of 19 percent that started to show off in the market and about 1 percent was down in the Western part and fortunately rose 3 percent in the South part.

It was noted that there was an 11 percent increase in the applications for new building permits in December to an annual rate of 653,000 so far noted as the highest level of activity since October 2008.

Due to the devastating bad weather conditions happening previously, housing construction went down 75 percent from the peak 4 years ago but fortunately it increased up to 14 percent from last January when industry has just bottomed up.