The Fisher Group

What's Selling? August 26th- September 2nd

Posted by Ben & Stan Fisher on Monday, October 3rd, 2011 at 11:21am

 

Single Family Homes-

There has been a fair amount of single family home sales in the Park City area this past week, particularly those outside of Park City Proper, and all under the 1 million dollar mark. There were 9 sales in total, and Jeremy Ranch saw 3 homes sold this past week which is great as there is a lot of inventory in this area and some great deals to be had on large single family homes. Other sales occurred in communities like Park Meadows, Silver Springs, and Summit Park just to name a few. Price ranges this week were from $305,000 in Summit Park to $950,000 in Chatham Hills just outside of Prospector in town.

  • Average Sales Price: $567,294
  • Average Days on Market: 70 Days
  • Average Price Per Square Foot: $173

Condos & Townhomes-

Condos sold this past week were mainly below the 350k mark. Out of the 8 sold, 6 of them fell below this number with 2 significant sales occurring in Deer Valley. One sale in Arrowleaf that we have featured on this site previously sold for an unbelievable price of 850k. The other sold for over 2 million in Flagstaff in Empire of Deer Valley. The rest of the sales on condos occurred all over town. In Prospector, Sun Peak, and Racquet Club just to name a few. Looks like there were some great deals on these properties this week for people making OFFERS! This is the key here. You never know what they will take until you make an offer. The figures below are obviously skewed because of the high end luxury sales this week.

  • Average Sales Price: $532,500
  • Average Days on Market: 116
  • Average Price Per Square Foot: $236
If you would like any more figures on the real estate market in Park City, don't hesitate to ask. Send me an email at Ben.Fisher@SothebysRealty.com 

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