RSS icon Email icon Bullet (black)
  • Canyon Rim 2nd quarter 2010 real estate sales

    Posted on July 6th, 2010 admin No comments

    The sold prices are still slowly declining for this Salt Lake neighborhood.  Median sales price is now $245,000 with only 9 homes sold, down from a peak of $330,000 in the 3rd quarter of 2007.

    Canyon Rim sales 2007-2010 2nd qt
    Canyon Rim sales 1996-2010 2nd qt

    Based on sales data for the last six months, the absorption rate here is 3 homes per month which gives an inventory of 8.7 months.  A buyer’s market.

    Leave a reply