The national real estate market seems to be shifting, and in Park City, we also see some change. Depending on who you talk with or the news you subscribe to, you may hear varying predictions regarding the future of the real estate market. While it is difficult to predict the future, we can look at recent trends to get a sense of where things are currently headed.
Overall, the market for Park City does feel a little slower, perhaps a healthy change from the red hot market of the last two years. Inventory has been low but is building, which is encouraging for buyers. Mortgage rates have been moving up and are expected to increase further. Home selling prices do not seem to be declining, although we are starting to see price reductions on active
If you are visiting Park City and only have time to do one mountain bike ride, a trail we would recommend is Charlie's 9K Trail. As the name implies, the 9K Trail meanders up and down at an elevation of around 9000 feet. This trail is similar to the very popular Mid-Mountain Trail at 8000 feet. Charlie's 9K is easy to get to and can be biked (or hiked) as an out-and-back, enabling you to determine how far out you want to go and simply turn around and ride back. In the hot summer months, this is an ideal trail to ride as it is at a high elevation which is naturally cooler. Additionally, much of the ride is under the canopy of a mix of aspens and fir trees, providing a nice amount of shade from the sun.
Are you looking for some outdoor fun for the entire family? Floating Utah's beautiful Provo River is a great way to beat the heat. The river meanders down a stunning canyon with Mount Timpanogos as a backdrop. It's one of the closest places to river rafting near Park City. The season typically runs from May through September.
There are numerous ways to float the river; you can raft, kayak, paddleboard, or tube your way down. High school and college-age kids tend to enjoy tubing more than other age groups. With tubing, you are more exposed to the chilly water and scratches from twigs and branches that line the shores. The inflatable raft is a better option if you have a group with older grandparents or younger kids.
