Park City named Top 10 Places to buy a second home.

MSN money just named Park City Utah one of the top 10 places to buy a second home.  Factors that determined the rankings were 1) Proximity to urban settings, 2) Endless recreational possibilities, 3) decent weather 4) commercial investment and 5) the “IT” factor.  Park City has all of these and more.

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

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.


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