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Home sales in Park City declining

Home sales in Park City declining



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PARK CITY, Utah (AP) -- The volume of single-family homes sold in and around Park City fell 46 percent from the first quarter of 2007 to the first quarter of this year.

That's according to data from the Park City Board of Realtors. Condominium sales also dropped, by 45 percent.

But while the number of homes sold has dropped, most prices have not.

The median sales price in Summit and Wasatch counties in the first quarter of 2008 was $649,140, compared with $650,000 during the first three months of 2007.

Within the city limits of Park City, the median home price for the quarter decreased 11 percent, from $1.98 million in 2007 to $1.76 million in 2008.

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Information from: Deseret Morning News

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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