Park City Investor

Park City Real Estate – Q2 Market Stats

The real estate market in Park City and the Wasatch Back continues its trend toward more conventional market dynamics. After the volatility we experienced over the past few years, the frenzied activity and meteoric price rises have been replaced with activity that is trending toward historical norms. While some numbers are down year-over-year, they nonetheless represent more of a return […]

Park City Real Estate Market Update

Almost every day we get the million dollar question on where our market is headed. Believe us, we wish we knew more! Here is our take on the current market. Where is our Housing Market headed? Inventory of homes and land for sale jumped significantly in May to its highest level in almost two years. […]

Park City Real Estate Inventory at All-Time Low

2020 ended up being a record-breaking year for Park City real estate. Great snow, easy access, Utah’s healthy economy, our beautiful surroundings and wealth of outdoor activities remain contributing factors why people choose to live here. With Covid-19 we have seen a large exodus from metropolitan areas. People are looking for more space and outdoor […]

Colony at White Pine Canyon Almost Sold Out

In the beginning of 2020 the developer had over remaining 40 homesites available that were expected to sell in three to four years. In this whirlwind of a year, they have sold out of most of their existing inventory. 30 lots and 13 custom homes sold worth 220+ million in sales. Homeowners at the Colony […]

Park City Real Estate Market – August 2020

The Park City market is HOT! This comes at quite a surprise when we assumed the worst in March, when COVID-19 forced the shutdown of the resorts and ultimately, the whole town. As of August 13, Pending volume for the past fifteen weeks is 59% higher than the same period a year ago. For the […]

Park City Real Estate Market Update

The market is moving again! We are seeing a high buyer demand with some multiple offers. As most lodges have reopened, people are coming to enjoy the outdoors. Many of them looking at Park City Real Estate with the goal to move their primary residences away from the cities. Many people are realizing they can […]

Mortgages at Nearly 50 year Low

It is a good time to consider investment properties, cashing out, trading up, downsizing or refinancing! The average rate of a 30-year fixed rate mortgage fell to a historic low of 3.29 percent last week. This is one of the lowest rates in almost 50 years. Sam Khater, Freddie Mac’s Chief Economist, said “Mortgage applications increased […]

Park City Real Estate Market Remains Strong

A question we get quite frequently is whether the market is going to see a recession soon. We wish we had a crystal ball and were able to answer this question. In the past few years we have seen properties appreciate up to 13 percent per year in a lot of areas in and around Park […]

Park City Real Estate Market Update

The second and third quarter market reports confirmed that the overall year-over-year housing statistics for Summit and Wasatch Counties continued to show healthy appreciation with increases in both average and median sales prices as well as dollar volume as reported by the Park City Board of Realtors® Multiple Listing Service. The greater Park City market […]

Park City Real Estate Market: 2016 Summary

The market stats for 2016 are in. Overall, the Greater Park City and Heber Valley real estate market is continuing its climb and returning to its previous 2007 Records in some areas. Sales volume, median sales prices, and the number of listings are up in most areas. This is in-line with a similar state-wide trend. […]