Update on Our Local Real Estate Market

I love when when KPCW’s Leslie Thatcher interviews Nancy Tallman, President of Park City Board of Realtors and Carol Agle, Chairperson of board’s statistic group. Last Friday’s interview didn’t disappoint. Here are some of the highlights provided by Ms Tallman and Ms Agle about the local real-estate market: Prices as a whole are stable. They said that they couldn’t …

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New Home Inventory and The Impact on Your Home Value

We read today that mortgage purchase applications are down 66% from their 2004 levels. It is the white line in the graph below: We’ve speculated, and anecdotally confirmed, that many of the purchases of Park City real estate are cash-only and therefore don’t need a mortgage. Yet, when we look at the homes coming online …

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Realtors Be Prepared…

Park City Realtors, we hope that your still seeing lots of all cash buyers. If not, the future doesn’t look pretty. Mortgage applications are at 19 year lows (i.e. 1995 levels)…     God speed Park City Heights and East Creek Ranch.

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You Should Have Bought on Wednesday

We are hearing rumors that The Colony raised their real estate prices today.  Word from a few local real estate agents is that their phones are ringing off the hook with people wanting to buy near PCMR and Canyons. Cue the music…happy days are here again!

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