Wednesday, March 16, 2011

Old Town Park City Homes and Condominium Sales

The Old Town area of Park City, Utah is concentrated around Main St Park City, Utah. The area stretches from the golf course on the north edge of town through the upper reaches of Daly Canyon. It is the picturesque mining shacks on the hillsides around downtown and the base of Park City Mountain Resort. Old Town Park City is a fantastic mix of newer and historic homes within walking distance to shops, restaurants, galleries, and entertainment. Full time residential, nightly rental and seasonal properties call the area home. The narrow streets and small hillside lots are the charm that is Park City.

Current sales statistics for the year 2011 and active for sale listings from the Park City MLS are as follows:

Total active listings                                               236 (plus 24 fractional sales listed)
Total Sold properties for the year                          22
Pending Sale Properties                                        33

Old Town Condominiums for sale                                157
Condominiums sold this year in Old Town        15

Notable from the condominiums sold and for sale in Upper Deer Valley is the current pending sales have an average asking price of over $1.5M.

Old Town Park City Homes for Sale                     63
Homes sold this year in Old Town                                      6

Notable from the condominiums sold in Old Town Park City so far this year is that the average sales price has fallen from last year by over 30%. This may be due to the small sample sizes.

Distressed sale notes: Of the twenty two (22) sales so far this year in the Old Town area of Park City, eight (5) were distressed. Currently ten (10) of the active for sale properties are listed as REO’s and seven (7) are listed as short sales.

Please note that much of the above information represents raw data and many different interpretations can be made from this data. To better understand how this data impacts your current situation (whether you are a buyer or a seller) email us  or call (888)968-4672.

The sales data here was derived from the Park City MLS system and is deemed reliable but not guaranteed. For more information about this data or questions about particular homes or condominiums in the Lower Deer Valley area of Park City, UT contact a real estate professional with the group of Keller Williams Park City Real Estate at (888) 968-4672.

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