The Park City Board of Realtors statistics through April 2012 show that Gross Sales Volume of $349M was down 2% from the same period in 2011, though sales for the month of April were stronger than April, 2011.  Overall pending sales are up over April 2011. Distressed properties are having a minimal impact on the current market, as the inventory of distressed properties has been reduced considerably. 

Single Family Home Sales showed strength in April and are 56% of the total Sales Volume and are about even with 2011.  Thaynes Canyon, Deer Crest, Park Meadows, Kimball and Heber homes showed growth. Average Sales Prices are up slightly.   Timberwolf Estates at Canyons had a busy month with 3 homes sold, all over $3M. 

Condominium sales were down in April but are up 5% compared to year-to-date 2011, with improved sales in Lower Deer Valley, Deer Crest, Pinebrook and the Jordanelle offset by a $10M reduction in Empire Canyon/Flagstaff. 

Residential Homesite sales are down 15% compared to 2011; however, Glenwild/Silver Creek, Jordanelle, and Red Ledges were stronger. Promontory was down 46% as the distressed inventory has been significantly reduced. 

Park City Golf Courses are now open and we are approaching our summer season.  The Wall Street Journal recently had several good articles on the vacation home market indicating that now is a good time to buy resort real estate. 

For complete details of real estate in each area and all Park City Homes for Sale, please contact Jim and Billie Harsch of Mountain Town Realty Group, Keller Williams Park City Real Estate at http://www.unlockparkcity.com