The Park City Board of Realtors statistics for January 2012 show that Gross Sales Volume of $48M was down 35% from January 2011. Overall pending sales are down 26% over January 2011. The number of available listings is down 10% from the same time last year, and distressed properties have minimal impact on the current market.

Single Family Home Sales were approximately 60% of the total Sales Volume and are down 26% from 2011. Average Sales Prices were down 11% and pending sales are down 37%, however, sold prices are only about 3% less than the list price.

Condominium sales retreated to a more normal pace at $15M without the sales at St. Regis in Deer Valley.

Residential Lot sales continued to be weak as many of the distressed inventory has been absorbed.

Park City was the strongest Western Resort market in 2011. Now is a great time to buy in Park City.

For complete details of each area and all Park City Homes for Sale, please contact Jim and Billie Harsch of Mountain Town Realty Group at www.unlockparkcity.com

This entry was posted on Tuesday, February 14th, 2012 at 12:18 pm and is filed under About Park City, Business, News, Real Estate, Blogroll, Uncategorized. 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.