Below is an article from the Park Record. It looks like the construction industry here in Park City is still slow. When you take into account that we built about 15 years worth of inventory in 4 years, one would expect the industry to be slow….as is the same with Park City’s real estate market. [...]
DEER VALLEY RESORT, PARK CITY, UTAH (May 18, 2010) – Having recently purchased the Deer Valley Plaza Building at 1375 Deer Valley Drive, the Resort now has space available for lease for office and commercial use. The Deer Valley Plaza Building is comprised of over 19,500 square feet of commercial lease space. Current tenants include [...]
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.