Park City Investor
Coronavirus Park City Utah Real Estate

How is COVID-19 affecting Park City Real Estate?

While we would like to postpone showings of occupied properties while we are on lock-down, we want you to know that we are still here to to help you with your property search, facilitate virtual showings (if possible), provide a market analysis and give advise on listing your property.

As our economy fluctuates due to the uncertainty in the world markets, many questions surface relative to real estate. Here’s what we know. Real Estate has a lot more inertia than stocks, so prices tend to be more stable. We do not expect significant changes in prices in the short term.

Historically, real estate has been a solid long-term investment, particularly if you get to invest in building indelible family memories in this wonderful resort community. Inventory remains incredibly low across the nation, and with mortgage interest rates remaining low, homes will continue to be bought and sold. While there will undoubtedly be a slight pause in transactions while we all adjust to this “social distancing” paradigm, we see the likelihood of some wonderful buying opportunities in the months ahead. Having a strategy for how you want to come out on the tail end can help formulate the bridge to get there. I’d love to discuss this with you further.

During this time of uncertainty relative to the COVID-19 virus, our care and concern focuses on you, your family and loved ones, and especially the elderly and immune-compromised. Nothing is more precious than our families. We hope the precautions implemented nationwide have created a safe haven for your loved ones. The challenge of the abrupt shift for so many to virtual work and home schooling has no doubt created ripples in your routine, yet we all know it is for the greater good.

Please don’t hesitate to reach out to us in regards to Park City Real Estate. The Park City Investor Team can be reached at 435.640.6966. Looking forward to talking to you!