Lessons of Buying Homes & Condos in Park City

Buying and selling Park City real estate can be fun, exciting, and one of the best things you'll ever do in your life.  That's the way it should be every time but there are times that transactions get sticky during the due diligence and negotiation.  In Park City, sellers don't have to sell, buyers don't have to buy, but everyone wants to be here!  

This blog post is to help you better understand the complexities of the Park City real estate market and items you need to know when buying or selling a property.  My goal is to build and add to this page over time to be able to help potential buyers become clients as well as help you understand the process of buying property in Utah.  We are always happy to

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Stats for July 2019 vs. July 2018 & YTD | Park City Homes & Condos

Source Park City Multiple Listing Service 8/3/2019

Summary Statistics	19-Jul	18-Jul	% Chg
Absorption Rate	9.34	8.46	10.4
Average List Price	$2,317,552	$2,247,324	3.12
Median List Price	$1,680,000	$1,640,000	2.44
Average Sale Price	$1,434,065	$1,488,378	-3.65
Median Sale Price	$1,095,000	$969,500	12.94
Average CDOM	124	135	-8.15
Median CDOM	38	32	18.75

Above is a Park City real estate statistics graph of July 2019 vs 2018. 

What does the July 2019 vs July 2018 report tell us? 

In the bold text, I will tell you what the numbers above state

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Search: Promontory Homes | Promontory Land | Promontory Nightly Rentals | Park City Golf Communities

Promontory real estate tends to be one of the most markets in the Park City area when buying and selling luxury real estate. The development has spectacular views of the Park City ski resorts or the Uinta Mountains. The Promontory area offers several different types of homes and club memberships. Resale homes may have different types of memberships than the developer is currently offering which should be taken into consideration when considering the value of a Promontory home. Promontory takes pride in making the development's membership multi-generational by including trails, dog parks, wine and food, equestrian center, “The Shed”, tubing hill,

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The Fox Point at Redstone Condominiums subdivision is in the Kimball Junction area of Park City, Utah.  The location of Fox Point works well for people a ski condo a bit away from the resort and to visit Park City and relax but still be close to dining and entertainment options offered in Redstone.  If you're looking for a condo that provides easy access to the airport and spot that it's easy to jump on the freeway to other ski resorts Fox Point is a great option!  

Search Park City Condos for Sale

Information on Fox Point at Redstone Condominiums:

Fox Point at Redstone Condos was built from 2002 to 2004 & the home inspector I use says that Fox Point inspectors tend to come back pretty clean.  Most of the available condos will be…

Things to Do in Park City, Utah (Summer 2019)

 

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PARK CITY, Ut. -- After a fantastic and very snowy winter (over 700" at Snowbird!) and a very wet spring, we welcome summer with open arms! Azure blue skies, cool nights and a plethora of activities of every sort define summer in Park City, the Heber Valley, and Kamas. Hiking and mountain biking can be enjoyed on hundreds of miles of trails or you can choose lift-served access at the resorts. For the kids, there's a whole host of camps and adventure opportunities to keep them engaged throughout summer. The hills are literally alive with music almost every day of the

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The Canyons Village Condos

The Canyons Village in Park City, Utah offers condos that are primarily built around skiing and snowboarding, but the area also offers activities such as golf, mountain biking, concerts, zip lines, alpine coasters for the summer and fall months. The Canyons is part of Park City Mountain Resort and connects what was once two separate ski resorts to create the largest resort in America. 

View Every Condo for Sale in The Canyons 

Information on Condominiums for Sale in The Canyons Village: 

Every property in The Canyons Village has something different to offer. Pendry will soon be the be added to the list of subdivision in the area which is expected to open in 2021. While many of the properties are traditional condos

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The Park City Market Update has Been Moved to The Link Below:

https://www.realestateinparkcity.com/blog/park-city-real-estate-market-update-2019.html

11 Reasons to Move to Park City, Utah

1. THE GREATEST LIFESTYLE ON EARTH!
Park City and Utah offer the greatest snow on Earth but Park City also boasts with the greatest lifestyle on Earth. With hiking, biking, or skiing tails (cross-country or downhill) being right out your door there is always something fun to do outdoors. There are other small towns with an outdoor lifestyle but no one offers close proximity to a major city as we do to Salt Lake City. No place beats Park City for the convenience – whether you are looking at moving here full time, purchasing a second home, or strictly looking for a vacation property with a little rental income on the side you can take a direct flight from California, New York, Texas, Florida, Hawaii and many other

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Midway, Utah's real estate market continues to see significant increases in the median sales price with lower average days on the market.

Median Sold Home prices over the past 3 years for Q1: 

2017:  $462,000   Days on the Market 106

2018:  $530,000  Days on the Market 48

2019:  $770,000  Days on the Market 58

Curious what your home is worth in today's market? 

Complete the short form below or call me at 435-200-LIST.

 

Old Town Park City, Ut Real Estate for Sale

Basic Statistics of Park City Real Estate:(active MLS listings)

Vacant Land: 28% | Condominium 58% | Single-Family Homes 28%

Search Old Town Park City, Utah Real Estate for Sale

Statistics include every home, condo, or piece of land listed for sale in Old Town on the MLS:

• AVERAGE PRICE OF OLD TOWN PROPERTY: $1,745,092
  TOTAL LISTINGS (Homes, Condos, Land): 199
  AVG. DAYS ON MARKET: 135
  AVG. PRICE/SQFT: $847
  HIGHEST PRICE: $8,750,000
  LOWEST PRICE: $300,000
  AVG. PROPERTY AGE: 29 YEARS (Excluding Land)
  * Current as of 2/20/19 at 4:45 PM. 

Old Town Park City, Utah Real Estate

Old Town real estate provides homes and condos for sale and a handful of neighborhoods offer ski-in-ski-out access

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