Of course we answer these questions! In Park City we have many micro areas. You live here, you know that Summit Park is completely different from Silver Springs etc. For example, Trailside is a hot area right now whereas Pinebrook was super hot last Spring.
We have very low inventory in most areas of Park City, yet prices in most neighborhoods are not following the supply/demand rule. Buyers do not want to overpay. The drop you are seeing on the National sites may not reflect reality. Let's say you have a home that was built in 1995, never updated nor well taken care of. This home sold for much less than a remodeled home of the same age in the same neighborhood. The National sites don't know the difference. They just look at square footage and price. It's important to have someone like me - a local full time agent go over the sold properties with you so that you can see the difference for yourself. These figures can also be influenced by what is being offered for sale. Do the drop in prices reflect lower end homes being offered up for sale? is it due to our cyclical market? So many factors to consider!
When a home is priced well and is in good condition in a desirable area, it sells.
I have not had an appraiser kill a sale in a very long time - a few years, so I wonder if your information about appraisers low balling prices is old or applies to another area.
Feel free to contact me at 435-731-0803 or email@example.com and I would be happy to give you an overview of what is happening in your neighborhood. You can also visit my website http://www.parkcityhousehunters.com
where a general market analysis is shown at the bottom of the page - click on view more market statistics for general neighborhood stats.