Things aren't like they used to be in the Park City real estate market.  Listings of distressed properties have declined substantially,  which for the potential homebuyer will mean two things.  First, for each listing of distressed property there are typically multiple offers being made.  This is making the competition for any foreclosed or bank-owned property much stiffer than it has been.  Second, these are indicators of a stabilizing market in Park City.  We think these are good signs for the prospective buyer — if you're looking for a property in this unique community, this is a great time to take action.