Park City real estate market keeps a regular rhythm, Victory Ranch slashes prices, another Deer Valley auction and Red Ledges launches semi-custom homes.
The Park City real estate market “might” have reached the bottom, but that does not mean we will see a “V-shaped” recovery…as mentioned previously on this blog, we will probably bounce along the bottom until the inventory gets reduced to a reasonable level…probably 2 more years.
As we roar into March, the Park City real estate market is seeing some nice activity (relatively speaking) and our tourism numbers seem to be stabilizing.
The Montage Deer Valley hits the market, Park City real estate update, Sundance ends, and Park City Construction numbers hit the skids.
As 2009 creeps in, we have seen a decent amount of activity in the market…nothing great though, and inventory is rising a bit. We have 29 properties go under contract since the first of the year and 25 close escrow (about 2 per day). However, 106 new properties have come on to the market. [...]