The Park City Board of Realtors statistics for March 2013 YTD show that Gross Sales Volumes are up 28% to $307M from the same period in 2012. Pending sales are up 29% over March 2011 YTD. Overall prices are up 10%. New listings have increased but inventories remain low.
Single Family Home Sales followed the overall market trend and are 48% higher than the same period in 2012. Prices are up 26%. Sales in Old Town, Lower Deer Valley, Silver Springs and Trailside were the most active.
Condominium sales are down 2% compared to March 2012 YTD. Prices are about even. Sales in Old Town, Upper Deer Valley and the Jordanelle were particularly strong. Talisker has just released the Black Rock Ridge Condos which are a great value, although deed restricted, in the low $200’s for 2 and 3 bedroom condos.
Residential Homesite sales have increased 28% from March 2012 YTD with the number of transactions up 45% with lower prices.
The Park City Real Estate Market continues to strength and with a lack of building in the last several years, properties are moving quicker and often with multiple offers. Interest rates remain low but are rising. Now is a great time to buy.
For complete details of properties in each area, the continuing trends in the market 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 and search the MLS for FREE.
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