Park Cites Real Estate Results Year To Date

Now that we’re almost half way through the year…  Can you believe it?  I’m very happy we’re almost through this market and don’t have it to look forward too.  Amen.  Here’s a few graphs to show you the state of the market.   Alas, not too good but improving as I write this, credit market seems to definitely be thawing some and high end properties are closing you will see that more apparent in June numbers. But until then lets take a look at where we are now…

Year to date Park Cities sales are roughly down 48%. Ratio of sales to original list price is an unheard of 88.7%, meaning seller concessions are being made and I do believe that is because of all the inventory available. It’s up 28% above last year.  The market has started much later this year but see things starting to churn now that school is out.  Park Cities pricing is very competitive and the lowest seen in years. Time to buy? Absolutely yes!