The year end statistics are in, and the overall Park City real estate market continued to improve in the last half of 2011, with total sales volume topping the $1B mark, a 6% increase over 2010! While average sales prices were still down 9% from prior year, that improved from 15% off at the end of 2011 Q2, for a 6% increase in the last 2 quarters.
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7840 Hawk Court, Deer Valley |
Strong: Upper Deer Valley area homes, where sales volume nearly tripled in 2011 over prior year, and average price increased over 8%. This continues in the early weeks of 2012, with two more pending sales in the "Bald Eagle" community. The latest is this $7m listing on "Hawk Court"!
Park Meadows homes: sales volume up 50% over 2010! Average price off only 3%
Jeremy Ranch homes: volume up 14%, prices down 3%
The Canyons (The Colony) 60% increase in volume, with a stunning 77% increase in average sales price! (larger homes sold in The Colony)
Weak segments: Lower Deer Valley homes: volume off 36%, prices even with 2010
Lower Deer Valley condos: volume up 31%, prices down 20%
Condos at The Canyons: Average prices down 38% over 2010
Old Town homes: sales volume down 17% with average sales price down 32%
Call or e BigAl if you would like more details on yours or any other market category!
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10 Bellemont |
This home will sell this winter.
Best Buy: 7893 Red Tail Ct, Bald Eagle Why...? Fabulous ski in/ski out home in gated Bald Eagle. Only BE home under $600/sf, and rumored to be a highly motivated seller! (Buy in the low 4's?) Bald Eagle has been one of Park City's hottest sales segments last 12 months, with 6 sales, and current inventory down to half of a year ago. Prices will go up soon here.
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1948 Mahre Dr |
We love your referrals! If you know of anyone interested in Park City/Deer Valley Real Estate, we are, as always, at your service!
Al Johnson
Sotheby's Intl Realty
(877) 505-2002
BigAl@ParkCityDeerValley.com
http://www.goparkcityrealestate.com/ (Easy listings search site)
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