posted 02/11/12 01:20 PM | updated 02/11/12 11:11 PM
Featured Post! | Views: 444 | Comments : 0 | Regional News

Sun Valley Condominium Sales are up by 500%

Pending sales contracts for condominiums in the greater Sun Valley area for the month of January are up 58% (19 pending units versus 12 in 2011) over the same time period in 2011.

Sales closed have increased 500% for the same time period according to the "Market Summary Report", a standardized report that uses data provided by members of the Sun Valley Board of Realtors®.

In January of 2011 a total of 2 units closed versus 12 units in January of 2012, i.e. a 500% increase.

Rising sales and lower inventory are creating more balanced market conditions

Current condominium inventory is down 20% in comparison with the same time last year.

Fairway Nine Condominiums in Sun Valley Idaho

Fairway Nine Condominiums in Sun Valley - Elkhorn Idaho
Photo © Hallmark Idaho Properties, George Martin, Jr.

Housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions, according to the latest quarterly report by the National Association of Realtors®.

More information and detail is always available for clients we serve.

Our website features "Simple 1 click Real Estate Searches" and is available in 52 different languages

Visit our website for more information about the greater Sun Valley Area Real Estate Market

Hallmark Idaho Properties
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help@HallmarkIdahoProperties.com

Sun Valley condo sales are up 500%

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