Here are some mid-year numbers compared to how the Park City real estate market is fairing this year compared to 2010:
-sales are up in 2011 compared to 2010
-prices are down about 10%
-home prices are holding steady an up a little
-condos are down over 15%
Every Buyer is looking for a deal. One place that people are not looking is the Trustee’s Sales. I have been to numerous Trustee’s Sales in Park City and most of the time nobody shows up. This is an untapped market for the cash buyer. Please let me know if you are interested in learning more about what properties are coming to auction. These properties can make great income producing assets.
Things to Consider...
- Interesting mid-year report from Park City "proper"
- A quick Park City real estate market update from the Park Record
- Another fabulous Park City summer and some real estate activity on the side
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Tags: park city real estate