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.