The Park City Board of Realtors statistics for the First Half of 2008 indicate that Gross Sales Volume was down to $610M, a decrease of 39% from the same Half of 2007, prices increased 8%.

Gross Sales for Single Family Homes were $260M, down 45% from 2007 and prices were approximately even.

Condominium Gross Sales were down 24% to $259M, which prices rising 17%. Old Town Condos saw a 24% price increase and Kimball Junction Condos sales volume increased by 131% primarily with the Newpark Hotel, with prices up 19%.

Gross Sales of Vacant Land (Lots) decreased 57% to $72M with prices increasing 16%.

With a large inventory selection and banks lending at historically low interest rates, now is a great time to pick up a vacation property.

For complete details of each area, please contact us at http://www.unlockparkcity.com

This entry was posted on Monday, July 7th, 2008 at 12:16 pm and is filed under About Park City, Business, News, Park City Links, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.