CELL: 801-231-2051  TOLL FREE: 877-870-6380
2013-10-31
Condo sales at a 7 year-high

 

Nearly 900 condominiums, townhomes and twin homes in Salt Lake County were sold by Realtors® in the third quarter, a 35 percent increase compared to the same period in 2012. The sales marked a seven-year high compared to previous third quarters.

 

The run-up in condo sales as a percent change surpassed the increase in single-family home sales, which slowed to single-digit gains (6 percent) in the third quarter as higher home prices and rising mortgage interest rates pushed some buyers out of the market.

 

In the July-August-September period, the median sales price of condos increased to $170,000, up 17 percent compared to the median price in the same quarter last year.

 

Approximately 3,300 single-family homes were sold by Realtors® in the third quarter, a 6 percent increase compared to 3,100 home sales in the third quarter of 2012. In previous quarters, home sales in the Salt Lake area showed double-digit increases. The median single-family home price in the third quarter in Salt Lake County climbed to $255,000, a 17 percent jump compared to a median price of $218,000 last year during the same quarter.

Welcome to our Blog!
2021-01-12
Utah's Extraordinary Growth in Jobs and Population

2021-01-12
Salt Lake County’s Housing Shortage

2021-01-12
2020 Single-Family Home Prices up 11.8%

2021-01-12
Growing Concern for Housing Affordability

2021-01-12
Utah's 2021 Economic Forecast

2021-01-12
Outlook for Mortgage Rates

2021-01-12
Salt Lake County Housing Forecast for 2021

2020-01-29
Median Single Family Home Prices in Salt Lake County increase to $378,000 in 4th quarter 2019

2019-01-28
The Gamble of Overpricing Your'e Home

2017-10-30
Salt Lake County single-family home median price reaches $330,000

2017-08-28
Most Salt Lake County Homes Sell for Under $350,000

2017-08-07
Median Single Family Home Prices Reach $327,000 in Salt Lake County

2017-02-07
Is There a Housing Bubble?

2017-02-07
Predictions for 2017: Total Residential Home Sales

2017-01-31
Q 4 Housing Report

2016-02-11
2016 Forecast for Salt Lake area Housing Market

2016-01-25
Local Home Sales Data 4th Quarter 2015

2015-04-27
Mistakes people make when selling a home

2015-04-27
Save for down payment or buy a home now?

2015-04-27
Salt Lake Home Sales Climbed 16% in the First Quar

2015-02-06
Salt Lake County housing market positive for 2015

2015-01-15
FHA Mortgage Insurance Premiums Reduced by 0.50%

2014-02-05
Salt Lake Housing Prices Returning near 2007 Highs

2014-01-27
Salt Lake home sales in 2013 are highest on record

2013-10-31
Condo sales at a 7 year-high

Click here to see ALL articles.




Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.