Park City Real Estate to turn around (hopefully) this year!

Posted on | November 15, 2009 | 2 Comments

For the last 2 years, Park City has taken a beating on sale prices.  Prices have fallen anywhere from 30 to 45%.  It has also seen its share of foreclosures and short sales.  This year (along with a good snow year) we should see prices starting to stabilize.  I don’t think we are out of it yet but if you are thinking of buying I suggest this winter.

As for the “hotel condos”, these are still going to be difficult to get loans.  You will need a good chunk of downpayment and some patience.  I have a great mortgage person who is familar with these loans and can help.

Category: Market News, Short Sales
Tags: > >

Comments

2 Responses to “Park City Real Estate to turn around (hopefully) this year!”

  1. mcintosh33
    November 16th, 2009 @ 7:51 pm

    Scott, what’s the average price for an entry level condo?

  2. scott
    November 17th, 2009 @ 1:40 pm

    Jim,
    Park City condo average sales price is just under $400,000. But you can find park city condos in the $200,000 and $300,000 easily. Let me know if you want a list of condos?

Leave a Reply





Spam Protection by WP-SpamFree