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
- Tue Mar 4 2008, 09:43