We thought it might help those of you who have been tracking the Park City real estate market to see a quick summary of the year-end market wide sales stats.
All real estate markets are highly localized, so it may not be safe to assume that what’s happening in your back-yard is the same as what’s happening in Deer Valley & Park City, Utah.
Here are the key takaways from the year-end 2011 Park City real estate market…
- The number of units sold is up for the second straight year
- Total sales volume increased for the second straight year
- Median price of sold units decreased for the fourth straight year
- Average sales prices decreased for the fourth straight year
Different areas of town are tracking different trends, so it may help you to break it down further and look at your specific areas of interest. The markets for Park City homes, condos, and land are all different.
Stewart Seeligson’s business education and diverse real estate experience set him apart from other real estate brokers in the Telluride region.