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January 2019

Found 2 blog entries for January 2019.

As we enter the 2019 season it is important to understand how the real estate market in Park City changed from 2018 compared to the previous year. We have seen a very healthy and active market for a number of years now but has 2018 proved to be the same as previous years? LEt's take a look at some of the interesting numbers below to take a look at where we stand after another full year of data to review. 

As you can see in the chart above we saw a slowdown in transaction volume in 2018 compared to 2017 with sales slipping 7% from the previous year. The exception to this would be the high demand for vacant land at the moment from many buyers deciding to purchase land and build instead of buying existing homes or condos. We've seen land prices appreciate

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 The Park City area, which is home to Park City Resort  and Deer Valley Resort, contains some of the best ski/mountain real estate available in the Western US. Compared to other resort marketplaces, Park City consistently comes in as one of the more affordable ski resort areas to own luxury real estate in. That said, every year we have a good number of sales in the market occurring over the five million dollar mark with some even hitting eight figures. 2018 has been an incredible year for the luxury market here as we saw 36 properties with list price OVER five million dollars selling throughout the year. This number is up over 10% from the year prior with buyer continuing to pick up some of the nicest real estate the Park City area has

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