First, the good news for sellers: Sales are up dramatically for the first quarter of 2010. The number of sales in the Park City market is up 95% over first quarter last year, and the dollar volume is up by 107%. In contrast with the bleaker conditions of a year ago, if you have a home or property for sale and it reasonably priced, you have a good chance that it will sell.

Second, good news for both buyers and sellers of Park City homes and property: although prices are not increasing, no longer do they appear to be decreasing, according to Mark Seltenrich, President of the Board of REALTORS. A stabilization of pricing is of course excellent news for homeowners who are considering selling and no longer have to watch the value of their property diminish. It is also good news for buyers who have been waiting for the right time to buy.

Buyers are recognizing the opportunities that now exist at the intersection between value pricing and low interest rates, and the market activity in Park City property is reflecting this.