The top three areas to buy a condo in Park City:
#1. Kimball: Over the past 12 months there have been 122 condo sales in the Kimball area and there are currently 11 condos for sale. With strong sales and limited inventory prices should continue to push upwards.
#2. Old Town: Over the past 12 months there have been 137 condo sales in old town and there are currently 55 listings. There is still about a five month supply of condos in Old Town but because of the high volume of condo sales it ranks second on our list.
#3. Lower Deer Valley: Over the past 12 months there have been 71 condo sales in Lower Deer Valley and there are currently 31 listings. There is a little over a five months supply of condos in Lower Deer Valley but it ranks number three because of the location to Deer Valley Resort Area and I think there is more room for appreciation in Lower Deer Valley than in other areas of Park City.
This ranking is based off of months of supply and the number of condo sales in Park City over the past twelve months. Kimball has a strong number of sales and a very low number of listings on the market and Old Town has the highest number of sales. Lower Deer Valley made the list because it really hasn't appreciated as strong as Kimball, Old Town, & other areas over the past few years and with winter buyers coming to town I think L.D.V. is set for a strong winter.
Areas that have the most supply, which could be better for buyer's negotiation positioning, are as follows: Deer Crest, Upper Deer Valley, Empire, Aerie, and suprisingly the Canyons with 11.45.
These stats are recent but our market is always changing. If you are looking for updated material please contact me directly at 435.200.5478
Derrik Carlson | 435.200.5478 | Carlson@RealEstateInParkCity.com