It’s peaceful in Park City, as the seasons change and the colors of autumn take hold. Real estate prices seem to be cooling, finally affected by higher mortgage rates. Days on market are much longer than the past few years and greatly depend on price point and area. However, affluent cash buyers, unaffected by interest rates, account for a significant portion of sales here, contributing to the inventory crunch fueled by homeowners who locked in low interest rates choosing to stay put. With winter approaching, we look toward more buyers coming to town to experience our world-class skiing, with the expectations of finding well-priced properties to hold and enjoy.
If you’re thinking about selling your home, condominium or land, please count on me for the latest values and market trends. Few real estate brokers offer such abundant experience, local knowledge and care to ensure the absolute highest net sale for you.
Here’s to crisp apples and pumpkin spice,
Cathy