Friday, January 20, 2012

Park City/Deer Valley 2011 Final Sales Stats.


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.

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%

Pinebrook homes:  volume up 24%, prices up 9%!
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!

10 Bellemont
 Best Buy:    10 Bellemont Ct.     Why...?   Recently reduced to just under $3m, and offered fully furnished, this spacious 6 bedroom home in Upper Deer Valley is perhaps the best current value in Deer Valley with ski and ski out access just 30 steps from the door. 

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.

1948 Mahre Dr
 Best Buy:    1948 Mahre Drive, Sun Peak area.      Why...?    Just reduced to under $1m,  and barely over $200/sf,  this home offers a great floor plan and stunning mountain views!

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  (Easy listings search site)

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