MARKET UPDATE: OLD TOWN, THAYNES & PARK MEADOWS
What’s going on with condos and homes near Park City Mountain Resort year to date?
Are you wondering about the current market trends in the Old Town, Thaynes, and Park Meadows areas in Park City, Utah? Here's some insightful data to keep you informed.
Active Listings
There are currently 82 active listings with a median list price of $3,197,500. The properties have been on the market for an average of 115 days. This gives potential buyers a significant number of options to choose from.
Pending Properties
There are 10 properties in the area that are currently pending, with a median list price of $1,575,000 after spending an average of 20 days on the market. This shows that desirable properties are being scooped up relatively quickly.
Closed Properties
At 96% of the list price, 23 properties have closed at a median price of $2,348,875 after an average of 74 days on the market. This indicates that both buyers and sellers are finding common ground and successfully closing deals.
Current Housing Supply
With 82 active listings, 23 sales, and an absorption rate of 7.67, our current housing supply stands at 10.69 months. This is much healthier than the past few years, indicating a more balanced market.
Market Opportunities
This data tells us that while there's a healthy demand, there's also an opportunity for both buyers and sellers to find their perfect match. The market is dynamic, and understanding its nuances can help in making informed decisions.
How Can I Help?
Whether you're a potential buyer, seller, or just curious about the market, I'm here to guide you through every step. My objective is to help you make informed decisions that align with your dreams and financial goals.
Let’s Do This
Interested? Reach out for more information or to discuss your goals. The market is always changing, and staying informed is the key to making the best decisions. Remember, where you live matters, and I'm here to help you find the perfect place that fits your lifestyle and budget.