Featured Property

7186 WESTVIEW CT N, Park City, UT 84098, The Homesteads

Big Mountain Views Located in The Homesteads neighborhood of Promontory, this wonderful home site captures unobstructed BIG mountain views including those of Park City's 3 world class ski resorts. This .73 acre lot with a gradual slope for an easy build and a walk-out lower level is also situated...  
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Offered at $279,000

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Park City Real Estate Insider

Third Quarter Stats for Park City

Posted on 11 November 2013 | 2:45 pm

 

3rd Quarter Home Prices

Robust sales and record low inventory levels highlight the first nine months of 2013. Closed sales for the 1st nine months are 22% higher than the same period last year. Looking at just the third quarter we are up 36%.

Inventory levels are down 14.7% over last year. The absorption rate is 5.7 months. Both of these are historic lows since 2007 when we started keeping track.

Distressed sales were 5.4% in Q3 of 2013 sharply down from 13.5% in 2012. Prices averaging 2.6% below market values.

Over all median prices are 11% higher in Q3 over the same period in 2012.


...  more»

Ski Season Approaches with Inventory Dwindling

Posted on 4 November 2013 | 1:55 pm

The snow is starting to accumulate and I wish inventory would do the same. If trends follow previous years Deer Valley will come up short to supply the demand. A veritable Real Estate musical chairs. Prices are up from the bust but still a good value. Without any new developments releasing this season buyers will have to be quick to pull the trigger.   


...  more»

 

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