Townhome Market Update

Taking a look back, my 2023 4TH QUARTER/YEAR-END REPORT shows the number of sales in 2023 was down from the previous year and values were pretty much holding steady.  Given how much higher the interest rates were in 2023 compared to the first half or 2022, it was no surprise…

Townhomes Lower Deer Valley Update The Lower Deer Valley area has 14 townhome subdivisions, with a total of 436 units.  Currently in this area there are only 2 townhomes for sale.  Year-to-date there were 14 townhomes sold.  Of the 14 closed sales, 8 were cash purchases.  It is common to…

Housing and the Pandemic Effect During the eight years leading up to the pandemic, Park City home prices were rising at an average rate of just over 8% per year.  After Covid-19 started to impact the economy the Federal Reserve started on a massive buying spree of treasury and mortgage-backed…