Park City Real Estate Market Update
According to the Park City Board Of REALTORS®, "The number of closed sales for the first quarter of 2017 in Summit and Wasatch Counties was the highest we’ve seen since 2007 – up 20% over 2016. The first quarter of 2017, Park City had the highest number of pended sales with a 26% increase over the previous year in total dollar volume. Growth continued to morph, and expand, encompassing outlying communities in the Wasatch Back as the entire market area was pushed to new peak levels."
According to the National Association, Existing Home Sales reached their third-highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of…