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Even though sales units are down double digits, the Park Cities remains an excellent value for buying or selling real estate. Note the Original Price to Sales Price is 88.1% which means sellers are making concessions and considerations to sell a property. And that’s a good thing!
Has it stabilized? One way to determine “How’s the market?” is to get a barring on demand. The above chart is broken down by price quartile. High end market is black and as you can see demand is weak, same for the orange line but better than black, but demand is picking up. The blue [...]
This listing popped up last weekend on the MLS as a foreclosure – it’s been on the market for 8 days as such. Before then it was on the market for 721 days to be exact. Started at $5,500,000 down to $3,895,000 now as a foreclosure the price has gone up again to $4,500,000. This [...]
