Park City
Statistics & Trends
Park City Real Estate Stats Q1 2010
May 28th, 2010 Categories: Foreclosures, Park City, Real Estate, Statistics & Trends
Park City Real Estate Market Improving…
But don’t take our word for it…see for yourself!
- The number of active listings is down, as is the number of months of supply
- Number of transactions is up more than 100% Y2Y, especially for homes and condos
- Dollar volume sold is up
- Notices of Defaults & Foreclosures down
- Higher percentage of listings selling
- Median prices level for 4 consecutive months
Park City Real Estate Absorption Rate
The Park City housing market’s absorption rate has fallen for the seventh month in a row.
This key measure estimates how long it will take a house to sell. The current rate is 27.29 months of supply, down from a high of 41.26 months of supply in August 2009.
What has been a strong buyer’s market over the past year could be moving back towards a more balanced market.
Could the window of optimal opportunity for buyers be closing?
Park City Foreclosures Drop
In the first quarter of 2010, the number of foreclosures in Summit County dropped 40% from the 4th quarter of 2009.
The number of Notices of Default also dropped, which is a leading indicator that the number of foreclosures will continue to decrease during the second quarter of 2010.
Park City Utah Real Estate Unit Sales Volume Up
The number of properties sold during the first quarter of 2010 was up nearly 100% Y2Y, with 325 closed sales.
Get comprehensive Park City & Deer Valley sales stats here…
Q1 2010 Park City Market Report
Q1 2010 Park City Real Estate Sales Statistics
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Park City Pending Sales Way Up!
June 29th, 2009 Categories: Park City, Statistics & Trends
Park City Real Estate Market: Did We Hit “The Bottom”?
If you’re like most people, even if you’re convinced that Park City’s LOCATION is right for your family’s future mountain getaway, you have been waiting for the right TIMING to invest, right? Resourceful, disciplined investors take advantage of market fluctuations to acquire assets at rock-bottom prices.
Park City Pending Sales By Month
As you can see for yourself, the number of pended sales in the Park City area is up. Way up over previous months. Inventory is being absorbed at a much faster rate than any point during the year.
What does this mean for you?
Procrastination is Your Enemy.
This is the opportunity you have been waiting for. Finally, there’s a chance to enter the Park City market when prices are depressed and you have superb variety of properties to evaluate. Imagine the alternative–you could wait ’til next year…
…When the sellers who DESPERATELY NEEDED to sell already did, after savvy buyers already grabbed the most desirable properties at the best prices–the kind of deals worth bragging about in years to come.
We Guide You to the Best Deals…but We’re Not Mind-Readers!
Our distinctive style of service allows you to chart your own course. We will explore your specific goals and listen to where you are in your research process, so we can support you in your search. You’re in control, and we’re always there when you need us.
Describe what you’re looking for and we’ll work tirelessly to help you find and acquire it. It’s that EASY.
Contact Us Today for a No-Obligation “Market Bottom Consultation”
Imagine the fun you’ll have when your family finally owns a legacy property in Park City! But the process takes time and careful planning. Don’t miss this rare market opportunity–it’s a winning decision!
We’re waiting to hear from you. Just send us a quick note to: Info@ParkCityRealEstateGuide.com
Or, for faster service… Call ParkCityRealEstateGuide.com today at 1-800-485-0218.
Warning:
You might be surprised by the tone of our conversation. There will be no pressure, no hassles, no gimmicks. But don’t just take our word for it. Find out for yourself!
We only take on a handful of serious buyers each month to ensure remarkable service and results. If you don’t like our style, it’s not a problem. Simply ask us not to contact you again, and we’ll pleasantly honor your request. We can’t work with everybody…
In short, you’ve got nothing to lose….and think of what you have to look forward to!
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Park City Real Estate Sales Stats
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Park City Home Prices Defy National Trends
January 25th, 2008 Categories: Park City, Real Estate, Statistics & Trends
Park City’s niche as a spectacular year round resort destination with easy access from an international airport has insulated us from many of the problems facing other real estate markets.
One challenge we face as realtors in Park City, Utah is helping our buyers who live in other states understand that our mar
ket has not slowed down the way many markets across the nation have. Buyers can find good values, but prices remain strong in all areas of our market.
Owners of luxury second (or third or more) homes have not been affected by the ‘mortgage crisis’ so there is not an urgency to sell. Out of state buyers who see desperate sellers and foreclosures on the rise in their home states assume they can get a mountain home for a bargain.
We have had clients who have based their offers on the ‘doom and gloom statistics’ from their home states, and have been quite suprised (and disappointed) when the home they want sells for 97% of the listing price, over and over again.
The state of Utah continues to see very low unemployment and massive growth in both population and industry.
Park City is one of Utah’s most desirable places to live not only because of it’s natural beauty and wealth of activities and ameneties, but also because of it’ s proximity to the capital, Salt Lake City.
Comparing illustrates what I have been saying. The number of residential units sold is down marginally from ’06 to ’07,
However, the average sales price of single family homes rose 15% while condos rose 45%!
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