Silver Summit, Sagebrook, Sun Meadow 2012 Year End Real Estate Market Review

Posted on Tuesday, February 12th, 2013 at 11:33am.

A year ago, changes in the market were just becoming noticeable– a new pattern of scarcity that spread from neighborhood to neighborhood.  Buyers were finding fewer choices in their house hunting searches, and even facing competition for the better homes. 

Today, it’s obvious there’s a new market that favors home sellers, and even the buyers in seemingly complete denial of the new  market  dynamics have to face reality—either pay a fair price now, or pay more later. 

I haven’t forgotten about the tough lessons of a few years ago, and don’t have a blind, “things can only go up” outlook.   However, based on the demand for this neighborhood and Park City real estate in general, I do believe we have some strong years ahead. 

Adding to the scarcity and general desirability is the acquisition of open space, in our neighborhood and throughout the basin.  The recent purchase of the 300 acre Gilmore parcel was a huge win for the entire area, and especially a game changer for Silver Summit/Trailside residents.  This large scale absorption and conversion of potential density to open space means fewer cars, more trails and trail access points and will add fuel to this upswing. 

There are just fewer good places to build in the Park City area– but as someone who loves Silver Summit, Sagebrook, Sun Meadow and Trailside, I know we’re not seeing the demand for our homes only by default.   More and more people are recognizing what we have to enjoy here-great access to town, trails, parks and other neighbors.  This is a rare and true “front porch” neighborhood.

Leave a Comment

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

The multiple listing information is provided by Park City Board of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Park City Board of Realtors®, All Rights Reserved. Access to the multiple listing information through this website is made available by Keller Williams PC-Mtn Resort as a member of the Park City Board of Realtors® multiple listing service. No other entity, including a brokerage firm or any franchisor, may be listed in place of the specific Listing Broker on the foregoing notice. Terms of Use

Listing information last updated on August 25th, 2019 at 10:43am MDT.