Park City Utah median sales price up

Park City, Utah –The highlight for the first quarter of 2012, as reported by the Park City Board of REALTORS®, is that the median sales price for vacant land and condos, in all areas, has gone up. The median sold price for condos went from $335,000 in the first quarter of 2011 to $401,628 for quarter one in 2012.

This is great news for any Park City homeowner.

A year ago, we continued to see downward pressure on prices which seems to have flattened.  “Prices throughout our market seem to have stabilized, and in certain segments prices have started to increase.  We saw this trend start in 2011 with single family homes, and we are now seeing it in condo and vacant land sales,” says Mark Seltenrich, statistician for the Park City Board of REALTORS®.  He adds, “In certain parts of the market, and in certain areas, some pent up demand is being demonstrated and even among buyers there is little talk of prices continuing to fall.”

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For information on any Park City, Utah home, condo or investment property, contact me at
heather@parkcityhousehunters.com