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.
New West’s update last night was true….see the latest press release from Promontory: CREDIT SUISSE ELECTS AUCTION PROCESS FOR PROMONTORY ~ Approved U.S. Bankruptcy Court reorganization plan anticipated this option ~ PARK CITY, UTAH, Mar. 20, 2009 – The Promontory chapter 11 case moved another step closer to completion yesterday, as Credit Suisse, the Agent for [...]