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January 8, 2009
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  CONDITIONS™
By Local Real Estate Experts  



Market Conditions for Park City, Utah

Reported by Gary Kennard 801-403-4965, REALTOR

Updated January 8, 2009.

Current Market Rating: 4




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Buyer's

Seller's

Current Price Trend: 5



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Falling

Rising

The average sales price for a home in Park City is $2,051,418. There are currently 386 homes on the market ranging in price from $160,000 to $23,800,000. The average days on the market are 147.

In the month of December, 8 homes sold with an average price of $1,008,563. The prices have ranged from $320,000 to $1,850,000. The average days on the market have been 82.

I can be reached at 801-403-4965.


Location Characteristics: Long before Park City became a world class mountain resort and venue for the 2002 Olympic Winter Games, it was famous as a silver mining town, and boasts a lively and colorful past. Park City continued to mine silver until the early 1970's. The mining company, Park City Consolidated Mines, started the ski business in 1963, when they built the first lifts on what was then called Treasure Mountain. The Park City area now has three world class resorts: Park City Mountain Resort, Deer Valley Resort, and the Canyons Resort. Additionally, the city is the main location of the United States' largest independent film festival, the Sundance Film Festival, home of the United States Ski Team, the largest collection of factory outlet stores in northern Utah, the Olympic bobsled course, a luge run, and golf courses. Outdoor-oriented businesses such as backcountry.com and Rossignol have their headquarters based in Park City. The city has many upscale luxury national retailers, clubs, bars, and restaurants, and nearby reservoirs, hot springs, forests, and hiking and biking trails.

For More Information:

View Market Conditions of other areas served by Gary Kennard 801-403-4965

Navigate: Top > Utah > Park City

About Gary Kennard 801-403-4965:
I have lived in the Salt Lake City area most of my life. I am married and have five children and 17 grandchildren. I sang with the Mormon Tabernacle Choir for 13 years and I'm now a staff member of the Choir. My emphasis in the Real Estate business is honest, professional service. I do answer my phone. Try me at 801-403-4965.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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