This "Condo Listings" graph was compiled from the Utah
County Association of Realtors and represents the Utah
County Active Condos. This graph shows the number of
condos that have been for sale each month. The time
period for this graph is from 2009-2013. The legend is
located on the right side of the graph.
Realtors list condos to the Multiple Listing Service
(MLS) to advertise their listings to other Realtors.
Each month the the number of condos is added up to
determine if the inventory is going up or down. Here is
another graph that shows the number of
Utah County Condos Sold
over the past few years. If you follow the youtube link
you will be brought to our main statistic page where you
can watch my latest video about the current market
conditions. These videos are published each quarter. I
want to share with you my opinion about the markets
direction. See the graph below of the active condos in
Utah County.
List of Current Active Condos for Sale in Utah County.
Review of the Utah County
Active Condos: by Paul Teasdale
2013 - The
inventory of Utah County Active Condos hit a low in 2013
to about only 160 condos for sale. This is quite a
contrast from 2009 where we had 650 condos for sale and
hardly anyone was buying. The inventory of condos should
remain low going into 2014. I think condos will have
more of a price increase in 2014 due to the fact that
entry level buyers can't afford the Utah County homes.
2012 - The
inventory of condos in Utah County remained between
200-250. The Utah County Real Estate Market really
boomed in 2012. Buyer's came back to the market and
started to really buy condos again. The prices on condos
for the first time in five years started going up again.
Had we hit the bottom of the market? Most likely this
was the bottom. In fact, the bottom of the market
appears to be the 4th quarter of 2011.
2011 - Buyer's
continued to mostly buy the
Utah County Bank Foreclosures and the
Utah County Short Sales during 2011. Prices seemed
somewhat flat during 2011. However, the inventory
started to decline in the 2nd and 3rd quarters of 2011.
Are you looking to buy a condo in Utah
County? Contact Paul Teasdale of Team Teasdale Realty.
Paul has been selling condos in Utah County since 1995.
Be sure to check out our website specifically made for
Provo Utah Condo
Buyers.
