Real Estate Blog


Park City, UT Real Estate First Quarter 2009 Statistics

The Park City Board of Realtors statistics for the First Quarter of 2009 indicate that Gross Sales Volume was down to $147M, a decrease of 54% from the same quarter of 2008, while prices increased 4%, although there were substantial variations in each property category.

Gross Sales for Single Family Homes were $91M, down 31% from 2008 and prices were up 9%. Condominium Gross Sales were down 69% to $38M, which prices dropping 29%, compared to 2008.

Condominium sales are strongly impacted by the completion of projects. Gross Sales of Vacant Land (Lots) decreased 74% to $14M. March 2009 did show improvement in all categories compare to January and February. Now is a great buying opportunity in Park City.

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