{"id":1004050709,"date":"2012-02-28T14:18:29","date_gmt":"2012-02-28T22:18:29","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=35726"},"modified":"2022-12-05T08:39:26","modified_gmt":"2022-12-05T16:39:26","slug":"park-city-home-sales-top-1b-despite-declining-prices","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/","title":{"rendered":"Park City Home Sales Top $1B Despite Declining Prices"},"content":{"rendered":"<p>By Alex Girda, Associate Editor<\/p>\n<p>Last year was a decidedly mixed bag of progress and challenges for the Park City residential market. First, the good news: overall transaction volume hit nearly $1.1 billion, a 6 percent increase from 2010, according to\u00a0the \u00a0Park City Board of Realtors<em>. <\/em>That is the only the seventh time that total volume has reached the billion-dollar mark. While the total fell far short of the $2 billion plus in transactions recorded in 2005, it reflects a healthy jump from the 2009 low of $867.2 million.<\/p>\n<p>\u201cThe market continues to be active, with the number of sales in all four quarters of 2011 being strong, with the second quarter of 2011 having the most sales that we\u2019ve seen since the fourth quarter of 2007,\u201d commented Mark Seltrenrich, statistician and past president of the Park City Board of Realtors. \u00a0The number of total home sales for the year reached 1,662, a 17 percent increase and a 32 percent jump from 2009. In another positive trend, foreclosure sales fell by one-third compared to 2010 and to 50 percent of the 2009 total.<\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/02\/450px-Park_City_Olympic_sign.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-35727\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/02\/450px-Park_City_Olympic_sign.jpg\" alt=\"\" width=\"225\" height=\"300\" \/><\/a><\/p>\n<p>Specifically, the number of single-family home sales rose 19 percent\u00a0 condominium transactions were up 10 percent, and land sales improved a record 23 percent. Some submarkets enjoyed a significant boost in pricing, such as Old Ranch Road homes, which increased 12 percent in price year-over-year.<\/p>\n<p>On the whole, though, the uptick in total transaction value took place despite a generally downward trend in prices, which have declined as much as 45 percent since the market peak. Last year, for example,\u00a0median prices in Old Town slipped 13 percent year-over-year, to $817,000, and Jeremy Ranch prices fell to $624,000, an 11 percent decline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alex Girda, Associate Editor Last year was a decidedly mixed bag of progress and challenges for the Park City residential market. First, the good news: overall transaction volume hit nearly $1.1 billion, a 6 percent increase from 2010, according to&nbsp;the &nbsp;Park City Board of Realtors. That is the only the seventh time that total [&#8230;]<\/p>\n","protected":false},"author":237,"featured_media":1004505570,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1606],"tags":[],"class_list":["post-1004050709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-salt-lake-city"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Park City Home Sales Top $1B Despite Declining Prices - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Park City Home Sales Top $1B Despite Declining Prices\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor Last year was a decidedly mixed bag of progress and challenges for the Park City residential market. First, the good news: overall transaction volume hit nearly $1.1 billion, a 6 percent increase from 2010, according to&nbsp;the &nbsp;Park City Board of Realtors. That is the only the seventh time that total [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-28T22:18:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T16:39:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/450px-Park_City_Olympic_sign.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Park City Home Sales Top $1B Despite Declining Prices\",\"datePublished\":\"2012-02-28T22:18:29+00:00\",\"dateModified\":\"2022-12-05T16:39:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/\"},\"wordCount\":270,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/450px-Park_City_Olympic_sign.jpg\",\"articleSection\":[\"News\",\"Salt Lake City\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/\",\"name\":\"Park City Home Sales Top $1B Despite Declining Prices - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/450px-Park_City_Olympic_sign.jpg\",\"datePublished\":\"2012-02-28T22:18:29+00:00\",\"dateModified\":\"2022-12-05T16:39:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/450px-Park_City_Olympic_sign.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/450px-Park_City_Olympic_sign.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/park-city-home-sales-top-1b-despite-declining-prices\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Park City Home Sales Top $1B Despite Declining Prices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/anca-gagiuc\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Park City Home Sales Top $1B Despite Declining Prices - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/","og_locale":"en_US","og_type":"article","og_title":"Park City Home Sales Top $1B Despite Declining Prices","og_description":"By Alex Girda, Associate Editor Last year was a decidedly mixed bag of progress and challenges for the Park City residential market. First, the good news: overall transaction volume hit nearly $1.1 billion, a 6 percent increase from 2010, according to&nbsp;the &nbsp;Park City Board of Realtors. That is the only the seventh time that total [...]","og_url":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-02-28T22:18:29+00:00","article_modified_time":"2022-12-05T16:39:26+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/450px-Park_City_Olympic_sign.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Anca Gagiuc","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/"},"author":{"name":"Anca Gagiuc","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7"},"headline":"Park City Home Sales Top $1B Despite Declining Prices","datePublished":"2012-02-28T22:18:29+00:00","dateModified":"2022-12-05T16:39:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/"},"wordCount":270,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/450px-Park_City_Olympic_sign.jpg","articleSection":["News","Salt Lake City"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/","url":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/","name":"Park City Home Sales Top $1B Despite Declining Prices - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/450px-Park_City_Olympic_sign.jpg","datePublished":"2012-02-28T22:18:29+00:00","dateModified":"2022-12-05T16:39:26+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/450px-Park_City_Olympic_sign.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/450px-Park_City_Olympic_sign.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/park-city-home-sales-top-1b-despite-declining-prices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Park City Home Sales Top $1B Despite Declining Prices"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7","name":"Anca Gagiuc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","caption":"Anca Gagiuc"},"description":"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/anca-gagiuc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/450px-Park_City_Olympic_sign.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004050709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/237"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004050709"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004050709\/revisions"}],"predecessor-version":[{"id":1004611214,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004050709\/revisions\/1004611214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004505570"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004050709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004050709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004050709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}