How’s condo sales in Salt Lake City? Well, some numbers went up and some dropped this time. Let’s figure it out in Salt Lake City Utah Homes below.
There have been a total of 31 sold condos last month. This sales brought new home sale curves in the market of which yearly change of sale went down while monthly change of sale rose amidst the tougher home selling and buying in the market.
Yearly change of sale dropped 20.51 percent from 39 sold condos of February 2010. In terms of monthly change of sale, it slightly went up 3.2 percent from 30 sold condos of January 2010.
It’s been a buyer’s market in Salt Lake City UT Real Estate since it got 15.55 months of inventory. Home sales have been for 136 median days on market. The median sold price decreased 5.4 percent this time. From $164,900 of February 2010 to $156,000 of February this year.
According to MLS record, nearly 482 properties have been actively listed in Salt Lake City Condos of which 69 went under contract in the market.
View the home sale graphs of Salt Lake City Utah Real Estate below.
Salt Lake City Utah Real Estate seemed to have high and low sales during Q4 2010. There were 47 condominiums sold out in the market which brought new home sale curves in the market.
With the result of home sales in Salt Lake City Utah Homes, it rose 62.06 percent from 29 sold condos of Q3 2010. There was a 52.04 percent dropping from 98 sold condos of Q4 2009.
According to MLS data, last year’s highest condo sales fell on the 2nd quarter with 92 sold condos and seconded by Q1 with 52 sold condos in the market.
Homes for sale in Salt Lake City Utah had $150,000 in terms of its median sold price with 181 median CDOM. The average median sold price was $167,864 with 218 average CDOM.
The price of the highest sold condo was at $497,000 while the lowest marked at $61,000.
Below is the home sale comparisons during Q4 each year in Salt Lake City Utah Condominiums.
Currently, Salt Lake City Utah Real Estate have been suffering from home sale decline last month. This low sales brought several changes in the home sale curve of which both monthly and yearly sale level dropped in the real estate market.
According to its Multiple Listing Services record, around 31 condos have been considered as sold out in the market of which marked a 45.61 decrease on its year over year change of sales from 57 sold homes during September 2009. Monthly change of sales still went down 11.45 percent from 35 sold properties of August 2010.
Salt Lake City Utah Homes selling and buying have been for 119 median days on market. There was an 18.45 months of inventory noted in Salt Lake City real estate market.
As of now, there are 572 actively listed Salt Lake City Utah Condos for sale of which 72 condos are under contract properties.
Salt Lake County Real Estate increased the number of homes sold as a whole when comparing the second quarter of 2009 with 2010. Price of homes in the Salt Lake Valley have declined though, with median in the low 200s and average in the mid 200s.
Salt Lake County Condos followed a very similar trend as the number sold increased but price of condos in the SL Valley decreased and remain in the 100s.
Read more details via Comparing Salt Lake County 2nd Quarter Stats during 2009 and 2010 « Utah Homes for Sale – Real Estate Market Conditions.
It was a tough performance for Salt Lake City Real Estate as its condo complexes sales increased 6.25% in the market. There are 48 condo complexes sold in Salt Lake Utah Homes which is higher by 3 more homes sold compared to March last year.
As of the moment, there are 620 active listings for condos for sale of which 73 went under contract in the market. The median sold price last month was down to $149,370 from $204400 of February this year.
Here’s a graph showing how the numbers of condos for sale in Salt Lake City Utah Homes curve changes.
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.