Kim Novak's Utah Real Estate Blog: Utah: Salt Lake City: Downtown

News, Trends & Discussions About The Real Estate Market in Northern Utah

Salt Lake City UT Downtown Condo Real Estate Update

* Only 20% of the current condominium MLS listings are under contract
* None of those listings under contract are "short sales"
* 38% of the listings under contract are vacant
* The median price of the listings under contract is $179,900
* The median price of active listings is $187,800
* There is a 4.4% disparity between what sellers want to sell their condos for and what buyers are ready, willing and able to pay for a condo

SLC Downtown Condo Market Summary Report - Under Contract Listings SLC Downtown Condo Market Summary Report - Active Listings

Source: Wasatch Front Regional Multiple Listing Service

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Kim Novak is a Broker Associate with RE/MAX Masters in Salt Lake City and Layton, Utah. She holds a BSBA with an emphasis in Sales & Marketing and has achieved the designations of ABR: Accredited Buyer Representative, CDPE: Certified Distressed Property Expert, CRS: Certified Residential Specialist, CSP: Certified New Home Sales Professional, GRI: Graduate of the Realtor® Institute, SRES: Seniors Real Estate Specialist and ePRO: Internet Professional. Licensed in 1995, Kim has closed over 500 sales during her full time real estate career. 

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0 comments • Kim Novak • November 13 2009 10:20AM