Wednesday, August 11, 2010

Park City Market Update

The following is an excellent profile of our Park City real estate market statistics in graph form. When reviewing, keep in mind the areas covered…the main area is Area 1-9, which encompass Park City and Deer Valle (from the white barn into town) and areas 10-23, which is the outskirts of town. The 1st two graphs show the trend of sales over a 10 year period. The 2nd set of graphs show statistics from January, 2007 to the present.Overall, these show prices have decreased and sales are stronger and increasing. FYI….the Condominium Median Sold Price graph is somewhat misleading, as it jumps up substantially in the fall of 2009. The reason was the St. Regis and Empire Pass new construction was completed and buyers who had purchased preconstruction then closed on the units.

Please call or email with questions or input. Park City real estate is an excellent investment and a 2nd home paradise!