Condo Market Recap for Salt Lake County, December 2011

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Real Estate Agent with Results Real Estate 801.580.5624 5642270-PBOO

Condo Market Recap for Salt Lake County, December 2011.  

Absorption rates for condo's are fascinating compared to single family homes.  For the price ranges and what buyers prefer.  The higher the price the higher the absorption rate climbs for condo sales, inventory and average days on market.

What I found interesting is the flip side on expired listings.  The lower the price the higher the expired listings (except for under 99,000)  There is an amazing the number of expired listings there are in the price range of 100,000-199,999.  Just about as many homes in that price range are for sale as expired in the last 6 months and sold in the last six months.

 

 

Condo Recap

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Utah Salt Lake County
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Rainer
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James Lyon
LyonSF - San Francisco, CA
916-521-1214

So would you say that higher end condos are much nicer and a better alternative to sfh's than a low priced condo?

Dec 16, 2011 01:58 PM #1
Rainer
206,584
Marge Piwowarski
Phoenix AZ Horse Property - Phoenix, AZ
Phoenix AZ Horse Property, LLC

That is interesting Kim, How do you interpret the difference?  Do lower priced single fmily homes sell better in your market?

Dec 17, 2011 12:19 PM #2
Rainmaker
1,940,599
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Kim

That is truly one great condo comparison for your market. Condos are taking a besting there days

Dec 17, 2011 01:32 PM #3
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Rainmaker
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Kim Boekholder Utah Real Estate

Broker, Results Real Estate
Whats My Salt Lake Home Worth?
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