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.
Continue reading about Interesting article from Barron’s…10 Best Places for Second Homes
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.
Continue reading about Park City real estate market report, and a mid season look at tourism stats…
The Montage Deer Valley hits the market, Park City real estate update, Sundance ends, and Park City Construction numbers hit the skids.
Since the first of December, we have seen the fabulous St Regis at Deer Valley cut the ribbon, all the local ski resorts crank up the chairlifts, a nice storm followed by a bitter cold snap, two new local golf courses named “Top 5 new courses in the US”, and an Empire Pass condo development start an auction process on the remainder of their units….whew, the start of ski season has been action packed!
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. Here is a [...]
Continue reading about Sliding into 2009, and awaiting Promontory hearings
