Just ran a quick snapshot of all of the pending & closed sales in Deer Valley since January 1st.

It's not surprising that buyers are getting frustrated finding quality properties in the higher end of the Deer Valley marketplace over $3 million.  In the first 9 months of 2013, 36 properties over $3M have pended/sold across Deer Valley, including Deer Crest, Empire Pass, Upper Deer Valley, and Lower Deer Valley.

2013_ytd_deer_valley_sales_872

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Warning:  If you're getting a loan for a real estate purchase in Park City or Deer Valley during the shutdown, beware these pitfalls....

I just spoke with a friend who owns a mortgage company here in Park City about how the US Government shutdown could impact real estate in Park City & Deer Valley. 

Fannie & Freddie loans can still be processed to a certain extent, as these entities are open for business.  However, there are still potential challenges for these conforming loans.  See below for details...

USDA Loans Not Available in Wasatch & Summit County at This Time

On the flip side, since the UDSA is not operating at full strength, the USDA rural loan programs that are popular here in Wasatch and Summit Counties will simply not be able to be…

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