We just reviewed the 2012 first quarter Park City real estate market stats, with no real surprises.
Existing market recovery trends continued. Here are some of the highlights:
- The number of active property listings is down
- The number of pending sales is up
- The 6 andd 12 month moving averages for # of properties sold is stable
- Distress sales are a smaller percentage of the closed transactions...down to 19.1%
- Distress sales represent only 8.5% of the total inventory for sale
- The number of "Notices of Default" incresed in Summit County but decreased in Wasatch County in Q1
You can read the complete first quarter 2012 Park City Market Report here:
http://www.parkcityrealestateguide.com/documents/2012_Q1_PCMLS_Market_Stats.pdf