Derrik Carlson's Market Updates for Park City & Deer Valley Real Estate Trends - 2020
This Park City market trend report has been continually updated throughout COVID-19. Dates reflect 12/31/2019 to 8/1/2020.
Key points: Updated 8/1/2020
- Park City real estate listings pulled back during the deepest depths of COVID. By May 2020 the real estate market was functioning very similar to 2019. Over the past few weeks, the market has been moving very quickly in all price ranges.
- New listings have been slow to come on the market and are down 9.5% since last year.
- Pended listings, also known as under contract or in escrow, are up nearly 15% in 2020.
- 2020 sales are down 11% in totality but with pended listings being strong we expect that to