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.
As we enjoy a nice May and Park City life eases along at the regular lazy-Spring pace, there are mixed signals from the Real Estate Market and troubles in the property management biz. Most of you have probably heard Deer Valley Lodging and David Holland’s have not paid property owners they represent the rental revenue [...]
Here is a quick run down of what has been going on at Red Ledges: Closings- 1 cottage closed yesterday Pendings-3 cottages under contract in January (the one that closed and 2 others) 1 homesite ($640k) under contract Upcoming events: -Cottage Model grand opening March 7th for clients -Realtor open house/cottage model preview March 4th [...]