Park City Investor

Deer Valley Real Estate Sales up 15% from 2011!

While Park City Real Estate sales were slower in the past few years, Deer Valley still remained one of the most popular neighborhoods in Park City Real estate due to its first-class service, luxury homes and natural beauty. This year sales have been great and are up over 15 percent from last year.

Lower Deer Valley real estate sales increased 25% to $49 million. We have seen 14 homes sell between $715,000-$2,650,000. In addition to that 42 condos have sold in the price range of $237,000-$2,375,000. 4 listings are still pending for this year.

Inventory in Upper Deer Valley has declined rapidly this year. We have seen $91 million sell in the past 12 months with 11 homes priced between $1,687,500-$7,600,000 and 32 condos priced between $416,900 to $3,100,000. 2 listings are currently pending.

Deer Crest home sales are up 80% from last year with real estate sales above $82 million. We have seen 10 homes sell between $2,560,000-$11,225,000. In addition to that, 10 condos have sold in the price range of $1,400,000-$6,200,000 as well as 6 lots pride between $715,000 and $1,350,000. 7 listings are currently pending at St. Regis.

Empire Pass is the newest neighborhood in Deer Valley which has seen over $92 million in sales. 2 Homes have sold in the past 12 months between $4,650,000 and $5,175,000. In addition to that 29 condos sold in the price range of $1,150,000-$8,250,000. Many of them at Montage Deer Valley. 1 lot has sold and 1 listing is currently pending.

Barron’s – America’s premier financial magazine – ranks Deer Valley number 6 in their top 15 locations to own a second home. Their rankings are based on beauty, comfort, convenience, lifestyle and value.

Make Deer Valley your second home. Call Deer Valley Specialist Steve Blankenship at 435-640-6966 today to see what is available in your price range that meets your needs.