March 2022: Monthly Market Recap
BREAKING DOWN the Numbers: New Listings: Increased by 21% from the month before (February 2022) and down 5% from the year-earlier (March 2021). This is the second month of increased inventory in 2022. Pending Listings: Increased by 11% month over month and were down 39% year over year. Closed Sales: Decreased 5% from February but were down 23% from last year. Inventory: New record low at the end of January with only 486 residential and land listings. In February 39 units were added to inventory. March added 117 listings; The 117 net inventory gain is the fourth highest in [...]
Kristen’s Top Ski Property Picks In Deer Valley
WHERE DO YOU SEE YOURSELF THIS WINTER? Stein Eriksen Lodge, Unit 138 $4,625,000 3,144 Sq.Ft. 4 Beds | 5 Baths Stunning four-bedroom one level condo at Stein Eriksen Lodge; completely remodeled with high-end, sophisticated style. Grand views of Jupiter Bowl and Empire Pass all while being nestled in the trees for privacy makes this unit a highly sought-after location and floorplan. Upgrades include hand-scraped wood floors, an expanded deck, and two sunken hot tubs. Additional windows were added to capture the exceptional long mountain views. Bathrooms are a statement of relaxation and include LED bathroom mirrors, sculptural freestanding tubs, and [...]
3rd Quarter 2021 Real Estate Summary
The remarkable rise in homes sold and sale prices that we experienced in the latter half of 2020 continued unabated through the third quarter of 2021. Sale prices showed strong appreciation with increases in both average (Up 26%) and median (Up 17%) prices as well as dollar volume (Up 80%) across the primary market of Summit and Wasatch Counties as reported by the Park City Board of REALTORS® Multiple Listing Service. Fears that the market might be overheated and that the boom could foretell another housing market balloon just before a crash to rival 2008 were quelled by consistent financial [...]
