HOMES AND CONDOS SOLD IN JULY, 2009: 96
HOMES AND CONDOS SOLD IN JULY, 2008: 83
The end of the summer in Park City/Deer Valley…. with a great outlook for ski season. As the Wall St. Journal stated in August 22nd edition, “Sales of existing homes in July jumped at the fastest rate in 10 years… the housing market is stabilizing."
As to the Park City real estate market, we are seeing the average listing price go from $1.51M to$1.56M in the past month and the number of listings staying basically the same. (See Trulia.com for Park City stats) And out approx. 2100 properties presently on the market, only 64 are in the foreclosure stage.
The Park City real estate market continues to be much more stable than many markets in the country. For the past 4 months, investors have been purchasing excellent buys here. Now we know it is going up… when so many investors start buying properties, it is at the bottom of the market.
For more information about Park City or Deer Valley real estate, including the latest on price and availability on new developments, please feel free to contact me.

