Park City Utah Real Estate Market Analysis
The Market Analysis Section of our Website provides some excellent information about the current market status of Park City, Deer Valley and surrounding real estate areas.
Park City 2009 Market Review
Park City Utah Real Estate Market Statistics - Statistics available directly from the Park City MLS and First American Title Company - UPDATED MONTHLY!
The Park City Market Report is the most detailed analytical report available. The report is updated quarterly and displays moving trends and commentary that you will find incredibly valuable.
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WHERE ARE WE NOW
As we look at all the major market indicators they suggest that the housing market in the Park City area is certainly at, or near the bottom. Although there are still a few areas that show weakness, such as the number of bank defaults and foreclosures, which both increased during the last several months, the overall picture is beginning to look up.
Comparing Park City real estate to other major ski resort towns in the country, Park City has out-performed most of them over the past 3 years. The proximity to a major metropolitan city, and the reality that there are more primary home owners here than in the majority of resort towns, has helped Park City to weather the storm better than most.
A final thought on the local real estate market is a comparison to the Dow Jones Industrial Average over the past ten years. At year-end 1999 the Dow Jones Industrial Average was near 11,500, 10 percent above where it is today. Of course certain stocks have performed better or worse over the ten years, but the average is down 10 percent. In comparison, during the same ten year period, an investment in real estate in Park City would have given a net return of 73 percent. Even though the local real estate market has had a very tough three years, it remains a great avenue for medium to long-term investment.
The property valuation tool can help you establish your approximate property value based on recent comparable sales. The Market News section is a compilation of recent local and national news articles that are applicable to Park City Real Estate.