February 2012

There are 3 blog entries for February 2012.

Lunch with Dr. Lawrence Yun in Park City, Utah

We had lunch last week with Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS®.  Dr. Yun was relatively bullish for the near-term future of resort real estate market conditions in the Park City & Deer Valley areas.  


Dr. Lawrence Yun-NAR Chief Economist & Erik Asarian-Branch Broker Keller Williams

One might suspect the Grand Poobah of REALTORS® might spin the data into a good news story, but he had the facts to back up his assertions.  

Key factors in his case for continued market recovery included: 

  • Massive reduction in available properties for sale compared to a couple of years ago
  • Anemic number of new housing starts in Summit County, Utah
  • Affordability (low
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Want to pull back the curtain on the real numbers behind the Deer Valley & Park City real estate market?

We just finished compiling the year-end stats.  Here are the key takeaways:

1) Available inventory of properties for sale is substantially reduced in most Deer Valley and Park City neighborhoods

2) Properties are twice as likely to sell as they were a couple of years ago

3) Foreclosures and short sales represent about 25% of the closed sales in the Park City utah real estate marketplace

Here is the link to the rest of the story, including charts, graphs, and predictions about where we expect prices to go from here...

Park City Real Estate Sales Statistics 

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