Summit Sotheby’s International Realty 2015 Resort Report
The Resort Report is a snapshot of the resort market conditions provided by Sotheby’s International Realty affiliates throughout Utah, Colorado, Wyoming, Idaho, and California.
The Park City resort market remains very complex and segmented by micro-location and price point. While the number of closed transactions was flat, the “Vail Affect” sparked greater interest which drove up the median sold price. It is anticipated that there will continue to be a shortage of inventory, which will fuel moderate increases in price and a reduction in overall days on the market.