Park City Real Estate
Park City is an active, growing four-season resort community with several advantages that make it an attractive place to live. Situated a short 30 minute drive from Salt Lake City and the Salt Lake City International Airport, Park City offers its residents three world-class ski resorts, five beautiful golf courses, fishing, boating, and endless miles of mountain biking and hiking trails. The Park City real estate market has enjoyed a steady rate of appreciation over the past several years. Investment buyers as well as second homeowners have been very pleased with the increase in value of their Park City real estate.
Whether you’re searching for a solid enterprising endeavor or a beautiful place for your new home, you’re sure to be impressed by Park City real estate’s explosive gains. As the world turned its attention to Park City, Utah during the 2002 Olympic Winter Games, Park City’s residential real estate market boomed. Buyers are motivated by Park City’s high quality of life, robust local economy, and enchanting winter playground. With Park City real estate sales on the rise, the available property listings dropped from a 2 ½ year reserve to only a few months residual supply. Sellers know now’s a great time to sell. And buyers are taking advantage of the healthy market before rates surge. Currently, the average home price in Park City is around $425,000, while the average condo price is in the $340,000’s. Prices will escalate, so now is the time to buy. Heber and Midway offer great values and large lots with prices under $200,000 for a two or three bedroom home.
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