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. [...]
These are lavish Park City and Deer Valley estates, several have ski-in/ski-out access and overlook resort communities or are located in golf communities. The estates are being sold by motivated individuals who are ready to commit to the highest bidder
Park City real estate market keeps a regular rhythm, Victory Ranch slashes prices, another Deer Valley auction and Red Ledges launches semi-custom 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.
It looks like the auction that took place in Deer Valley’s Empire Pass Silver Strike Lodge opened the eyes of a few developers around town. In the Silver Strike auction the developer sold the 8 units that were available for auction, set the market price at roughly $750 per sq ft, cleared half the inventory in the development, and then saw a few more units go pending in the weeks after the auction. Just this past week these developments announced they are going