Looking at current real estate inventory levels, we can measure a dramatic decrease in available properties for sale. We are now just about through the summer selling season and the Park City Board of Realtors will have a Q3 Statistics Report out at about mid October, once we finish up with September sales. Fall is a great time to come view real estate because it is easy to get into most properties as bookings are much lower in the "in-between" season. As we have mentioned before, we have been seeing the inventory shrink. And now when good properties come up for sale, they do go fast. So we decided to look at a few different market segments to see where the inventory levels are at. Not too long ago, it was common to look at a particular MLS area of Park…
Found 3 blog entries for August 2012.
Trying to time the Bottom of the Market? Real Estate is a moving target. Its constantly changing annually, monthly, weekly, daily. Pricing goes up, and pricing goes down. With such a volatile market, such as what we have been in for a few years now, it is extremely difficult to determine when we hit the absolute bottom of the market. For Buyers, this is your goal. When is it time to score the best deal?
Well, for a few months now, as you'll recall if you have been reading our monthly newsletters, is that we have been saying we thought we were pretty much at the bottom of the market. Now we could not truly say with 100% certainty when we were at the bottom, (while we were in it) but we were quite certain on it, and we did try to let our clientele know of
Things are certainly heating up in the Deer Valley and Park City real estate market. With the inventory of homes for sale getting thinner, the best homes, priced well are starting to move much quicker these days. I'm not sure I would quite call it a "hot market" just yet, but the activity is pretty good.
It was very interesting to see today (Monday, August 6, 2012) that two luxury homes priced over $5,000,000 just went under contract.
The first home is in the American Flag neighborhood of Deer Valley, and is a re-construction of an older home. This new home has amazing views of the lower Deer Valley resort area, and looks to the St. Regis Hotel at Deer Crest. Of all homes for sale in Deer Valley, this was unique in that it has ski access, and views, yet…