Currently there are 88 Active Lots for sale which are not including the developer lots. 7 Sold lots year to date. The price range of the lots sold year to date in 2009 are from the low $171,k - $620,k range. Most of which have been bank owned property. Let me know if I can help with any stats or other information regarding Promontory.

There were 81 lots sold in Promontory in 2007. As you may know, this is a large development with what could be considered an excess of inventory going into 2008. So, sellers may be forced to make some deals. I am personally a big fan of Promontory. We plan to build our family home there in Bison Bluffs. As for Park City in general...real estate prices have declined slightly in the last couple of months, but that’s after an increase of more than 88 percent in the last 10 years. In fact, according to the NATIONAL ASSOCIATION OF REALTORS®, 2007 is the fifth best year in the history of real estate in the United States. The days it takes the average home to sell has gotten longer ,but I’ve learned that no matter what the market, it takes the same three things to sell — presentation, promotion, and price. Just price your house right against your local competition, and you’ll be able to sell it in a reasonable amount of time.
If you would like to know more, I can be reached at http://www.parkcityrealtygroup.com or email at robin@parkcityrealtygroup.com

Based on our local MLS figures, there is a range of lots at Promontory from .37ac to 1.9 ac that are active on the market from $349k to $2.19M. and there have been closed sales from $367k to $949k since June of 2007. For the year end of 2007 Park City Board of Realtors reported sales close to $2billion which is very close to the same year end figures for 2006. So in answer to your question, I would say that the Park City market in general will continue to be strong in 2008. I am ready for it. If you have any further answers, you can find me at http://www.mountainskihome.com or email at dave@windermere.com

I would say that the first person to answer this question is terribly misinformed. There are currently 99 lots listed on the Park City MLS and probably over a 100 more developer lots available that aren't across the Park City MLS. In 2007 there were 85 lot sales reported to the Park City MLS. I would encourage you to contact a real estate professional that has accurate local market data and a complete understanding of local market conditions.