The Park City Board of Realtors statistics for the First Half of 2008 indicate that Gross Sales Volume was down to $610M, a decrease of 39% from the same Half of 2007, prices increased 8%.
Gross Sales for Single Family Homes were $260M, down 45% from 2007 and prices were approximately even.
Condominium Gross Sales were down 24% to $259M, which prices rising 17%. Old Town Condos saw a 24% price increase and Kimball Junction Condos sales volume increased by 131% primarily with the Newpark Hotel, with prices up 19%.
Gross Sales of Vacant Land (Lots) decreased 57% to $72M with prices increasing 16%.
With a large inventory selection and banks lending at historically low interest rates, now is a great time to pick up a vacation property.
For complete details of each area, please contact us at http://www.unlockparkcity.com
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