The Church of Jesus Christ of Latter Day Saints has lowered the price on the condos in it’s City Creek development in Salt Lake City. Prices were originally set between $300,00 to $1.7MM depending on the square footage of each unit, but the Church now says prices will start in the mid-$100,000’s. This is more in line with the value of other condos in the Salt Lake Valley which comparable sales pretty much determine the worth of current “like” properties.
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