Real Estate in Park City Utah is continuing to show increasing signs of life. Despite the economic crisis across the country, the housing market in the Utah mountains appears to show no effect. Sustaining a few bumps on the road from time to time, some general trends may explain why this may be happening.
Historically, homebuyers have come to Utah for the winter skiing and other attractions, though as of late the slowing real estate market has created somewhat of a stall. According to trulia.com, the average listing price for homes in Park City has a 1.6 percent increase. The figures began dropping steadily in August, and slowed down in September.
The rise in average list prices in some of Summit County’s more popular neighborhoods is even more dramatic. In 84061, the week over week increase was 10.5 percent. In 84033, the increase was 36.9 percent.
The average selling price for a home in Park City is $573,400. The selling price for nearby homes is considerably lower than the asking price, so shoppers looking for a deal have some wiggle room.
Stewart Seeligson’s business education and diverse real estate experience set him apart from other real estate brokers in the Telluride region.