We just received our annual Resort Report, my favorite informational piece on comparative real estate markets in the Rocky Mountain West. Here is a snapshot of some important Park City specific data.
“The Summit Sotheby’s International Realty annual Resort Report analyzes data pertinent to the various resort real estate markets located in Park City, Utah and the western United States, helping consumers make better real estate decisions, whether purchasing or selling a home in a resort area.
In resort communities, seasonality, location, and employment opportunities often drive the inventory of homes down, and housing prices up. Interestingly, all of the Sotheby’s International Realty resort locations listed below, analyzed within the report, demonstrated increases in both average price and average price per square foot – a clear indicator of consumers’ continued desire for lifestyle-insured home purchases and willingness to spend more for homes they truly desire.
The annual Resort Report, analyzes data compiled from 12 prominent resort communities in Park City, Utah and the western half of the United States, keeping consumers up-to-date on the overall housing market in each area, and positioning them to make better real estate decisions, whether purchasing or selling a home in a Resort market.”