Making Sense of Park City, UT Housing Prices
By Todd Anderson, Park City | Deer Valley Real Estate
(You In Park City group - KW Park City Keller Williams Real Estate)
Park City, Utah home and condominium prices in general are still rising, but a few things have had me scratching my head recently.I study the data on the Wasatch Back (formerly Park City) Multiple Listing Service (MLS) daily. I watch the new listings, pended sales, completed sales, removed listings and price changes depending on the day of the week, there are 35-75 daily changes.Price Changes can really give an idea of which way the market is trending although in some cases they make me wonder “what was that agent or owner thinking?” when they priced it originally. Recently I sent a new listing to a client with a note stating, “this is priced well and likely won’t last long”. Two weeks later it still hadn’t sold which made me question my knowledge, but then a price increase on the prop...
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