Here is a MUST READ article published in todays Park Record.
Some Bullet Points:
Park City Real Estate Single-family home sales are up 24 percent over last year. They accounted for 44 percent of all sales and 55 percent of total dollar volume.
There are now about 2,700 units on the market. That inventory level is below the 3,060 in 2010. Brisk sales, if continued, are predicted to improve that further.
While not much has changed since 2010, there is significant improvement since the beginning of the year, especially in the average sale price of single-family homes.
Distressed properties are still driving the average sale price of condominiums and vacant lots down below 2010 levels, but foreclosure sales are now only 27 percent of the total (down