GreatScottUtah.com » Short Sale http://www.greatscottutah.com Great Scott I Sold Another One Wed, 01 Sep 2010 19:10:34 +0000 en hourly 1 http://wordpress.org/?v=3.0 Park City Real Estate to turn around (hopefully) this year! http://www.greatscottutah.com/2009/11/park-city-real-estate-to-turn-around-hopefully-this-year/ http://www.greatscottutah.com/2009/11/park-city-real-estate-to-turn-around-hopefully-this-year/#comments Mon, 16 Nov 2009 04:19:38 +0000 scott http://www.greatscottutah.com/?p=293 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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