At the monthly Park City Board of Real Estate meeting today, Mark Seltenrich, board president spoke to the audience of Realtors and let them know that:
- YTD Sales for 2010 vs 2009 are up 96% and this is excluding Pre-sales at The St Regis and other new developments
- Real Estate sales in the Park CIty area are holding up far better than other Rocky Mountain Ski Resorts. In fact, Real Estate sales volume in Park City is down only -17% YTD; compared to Vail Colorado down -60%YTD.
- Real Estate prices on average in Park City are down -32% from the highs in 2007, and it's an great time to consider owning property in the Park City area.
- Park City is still one of the BEST Values for ski property; and compared to other Rocky Mountain Ski Resorts, Park City properties are on average 15-20% less than equivalent properties in Colorado, Sun Valley, Telluride etc.