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  • The Regent Condominiums in Salt Lake City

    Posted on August 18th, 2010 admin No comments

    This new 20 story mixed use condominium at 35 E. 100 South in Salt Lake is part of the City Creek development.  The Regent has 150 Residential units that are being pre-sold with prices between $308 per square foot to over $800/sf.  This building is currently 63% reserved.  Photo taken June 22, 2010.

  • Richards Court Condominiums in Salt Lake City

    Posted on August 17th, 2010 admin 1 comment

    Twin condo buildings now completed at 45 and 55 W. South Temple.  The pedestrian walkway between the buildings will provide one of the main entrances to the greater mall area of the new multi-billion dollar City Creek development.   The two buildings host 91 residential units with prices ranging from $298 per square foot to over $900/sf.  Currently 33% of the units have been sold.
    Photo taken June 22, 2010.

  • Promontory Point building in Salt Lake City

    Posted on August 17th, 2010 admin No comments

    The cornerstone building of the new City Creek development in Salt Lake.  The building name is still unofficial and is not yet being actively marketed.  Located at the intersection of West Temple and South Temple this 32 story condominium will be the tallest residential structure in the city.  Photo taken June 22, 2010.

  • Salt Lake County Condominium 2nd quarter 2010 real estate sales

    Posted on July 7th, 2010 admin No comments

    These numbers are for the entire county which includes all of the cities, townships, and unincorporated suburbs.  The median price of condominiums held steady since last quarter at $164,000.  This statistics uses 592 sales and should be viewed as a general trend for this part of the state and not applied to any one specific location.  The peak value for this category was set in the 1st quarter of 2008 at $178,000.
    Salt Lake county condo sales 2007-2010 2nd qt
    Salt Lake county condo sales 1996-2010 2nd qt

    Using sales data from the previous six months gives an absorption rate of 160 closings per month and a theoretical inventory of 12 months.

  • Salt Lake County Condominium 1st quarter 2010 real estate sales

    Posted on May 27th, 2010 admin No comments

    Current median price of $164,000.

    This graph looks scary until you notice the shallow spread.  Condo values in Salt Lake County seem to have held their value pretty well during the last year. The significant drop in value happened in 2008.
    SLcounty condos 1st qt 2009-2010
    SLcounty condos 1st qt 1996-2010