With winter fast approaching, Park City and Deer Valley are about to be swamped with tourists from around the world looking for the best snow on earth. With this comes an increase in market activity from potential second home buyers, and hopefully a little stability in the marketplace. We have a lot to look forward to in Q4, but let’s take a look at how Q3 treated us during these summer and fall months.
According to the Park City Board, we have under performed in this quarter compared to Q2 but have made significant progress from last years dreadfully slow year. Thankfully, the Utah economy as a whole has held fairly strong in the midst of economic turmoil elsewhere, and Park City has been one of the most active markets in the state. Sales have been up 18% from last year and a huge 86% increase from two years ago.