We typically only do this report 2x per year and compare the previous 12-month periods. However, there has been such a monumental shift in the past 12 months we felt it was important to our customers to illustrate how the market is changing in real time. It is indeed changing rapidly!
Most Seller’s are still holding out for their asking prices, and we think they are wise. Low levels of inventory are holding the average yield on Price firm at -3% (97% of list) so Sellers are getting most of their asking prices. As the summer progressed we started to see more price reductions, albeit, not big price reductions.
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Whether you are looking to buy or sell Park City Real Estate, our team of Realtors is here to help. Over the past 5 years, we’ve sold over $500 million in property in Deer Valley, Empire Pass, Old Town Park City, the Canyons, Hideout, Tuhaye, and all surrounding areas. We strive to be the best realtor in Park City and no job is too big or too small. Deer Valley homes, Park City condos, Empire Pass ski-in ski-out properties, Hideout lots and New Construction is all in our wheelhouse so please don’t hesitate with the simplest of questions. We look forward to hearing from you so please reach out with your questions! Matthew Magnotta ([email protected]) Lindsey Holmes ([email protected]) Brad Erickson ([email protected])