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.
Continue reading about Park City real estate market report, and a mid season look at tourism stats…
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
Continue reading about Real estate auctions becoming more popular in Park City and Deer Valley.
The Montage Deer Valley hits the market, Park City real estate update, Sundance ends, and Park City Construction numbers hit the skids.
We are experiencing our first significant snow fall of the season…getting about 4 inches today and another 2 to 4 inches expected over the next 24 hours. Let’s hope this winter will pick up where last season left off!!! As the local golf courses close for the season, the real estate market continues to bump [...]
Continue reading about Snow starts to fly in Park City as the golf courses close.
