Park City's Real Estate market today

A question we are all asking constantly - what is the market like in Park City today? 

Should I sell now? Should I buy now? 

Well, as I have said before, my crystal ball isn't working! However, we can look at some really interesting indicators to make some educated choices.

Today we have the lowest inventory since 2007, approx 820 single family and condo listings in Park City including Park City Proper and Park City Extended. These areas include Deer Valley, Park City, Snyderville Basin ( Silver Springs, Canyons etc) Trailside, Jeremy Ranch, Pinebrook, Summit Park, Glenwild and Promontory and everything in between.

In 2010 there were approx 2600 properties on the market in those same areas.  This change has created a shift from a Buyer's market to a Balanced market.  We are not in a Seller's market where homes are flying off the market at highly increased prices, but we definitely have seen a shift.

Stats courtesy of Rick Klein, Wells Fargo Mortgage. For full stats package, email me at heather@parkcityhousehunters.com

Foreclosures have slowed, short sales are much fewer which is causing the regular inventory to sell. We are just not seeing the screaming deals like we have in the past few years. What does this all mean to you?

In my opinion if you are looking to buy, it doesn't pay to gamble. Rates are lower than we will probably ever see again, home prices have not jumped - it is a win-win.
Call me for more information about any home or condo in Park City.
Heather Feldman
435-731-0803
heather@parkcityhousehunters.com
SEARCH THE PARK CITY MLS

The Best place to live in Park City, Utah Part 1, JEREMY RANCH

I promised Park City neighborhood overviews, so here we go!

Let's start with Jeremy Ranch.
Jeremy Ranch is a community clustered around The Jeremy Ranch Golf and Country Club. Easy access to the I-80 and Salt Lake City makes Jeremy Ranch ideal for families with a commute to down to the Valley.

Click here for more information about this Jeremy Ranch home

Jeremy Ranch is home to mostly full time residents. There are moderately priced homes on the lower part of the mountain along with townhomes and condos starting in the $200's. Larger, estate-sized homes in The Back Nine, Moose Hollow and The Trails subdivisions towards the top of the mountain, priced up to well over $1 million. Many homes have dramatic views of The Jeremy Ranch golf course and all three ski resorts.

Hiking and biking trails surround this community. Shopping is close by with Fresh Market and restaurants at the Jeremy Ranch exit off the I-80.

There is a mixture of homes styles in Jeremy Ranch. While some communities feature the rustic home style only, Jeremy Ranch has a nice combination of rustic along with a more city style of home featuring less wood and some brighter lighter feels with a little more of the Salt Lake influence.

Click here for more information about this Jeremy Ranch home

Jeremy Ranch has an excellent Elementary School, and Golf club. Check out the links below for more information.

The down side of Jeremy Ranch is the I-80 noise from some parts of the area and the drastic diversity of price. Some buyers have a hard time to wrap their heads around spending just under $1 million for a home in a neighborhood where you can find a single family home for about $400,000.

Some feel Jeremy Ranch is too removed from town to really feel like they are in Park City. It is about 6 miles from Main Street - not really far. Super easy to Salt Lake City - about 20 minutes to Sugarhouse. Some have called Jeremy Ranch a bedroom community of Salt Lake City.

For more information about Jeremy Ranch or to view properties in Jeremy Ranch, call me at 435-731-0803 or search for properties on the SEARCH THE MLS  link on this site.

JEREMY RANCH HOMES AVAILABLE

Jeremy Ranch Elementary

Jeremy Ranch Golf
SEARCH THE PARK CITY MLS