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2013-10-01 16:16:36
Now’s the time to buy a home in Park City

Park CityNow’s the time to buy homes in Park City.  Inventory is available but higher demand is reducing that inventory. Coupled with a rise in interest rates, postponing or delaying the decision to buy is not advisable for serious home buyers looking for investment property. As of June this year the contracts to purchase a property in the greater Park City area was a full 27.5% higher than the corresponding period last year. This is the highest for the second quarter since 2005, signifying a significant upturn in buyer activity.

There are of course several factors which explain this high demand. Not only is Park City a premier winter and summer destination for tourists on account of its excellent sporting, leisure, entertainment infrastructure, it has also been a hotbed of economic growth even in the worst years of the slowdown. Besides top notch educational facilities, excellent connectivity with the rest of the country and a vibrant demographic profile make it one of the best places to live.

With all real estate forecasts predicting a steady increase in both the price of homes as well as interest rates, it makes eminent sense to survey the market and snap the best options while they are still available. The fact that the realty market is on the cusp of recovery is often the best time to make that long awaited and debated strategic move in terms of making that all important decision of investing in a dream home. What better place than Park City, to take advantage of this phenomenon?

Delay any longer and you could lose a rare opportunity to get a reasonably priced dream home in the lovely mountain town of Park City -- with all its inherent lifestyle and economic opportunities. While one can understand the circumspection with which buyers approached a housing purchase in the not so distant past, the housing market is recovering fast.

Given that Park City area is witnessing steady economic growth on top of its already excellent performance even in the lean years of economic activity nationwide; there is everything to gain by purchasing a home or condominium here. A high per capita income and standard of living and none of the strains associated with life in large metropolitan cities are an essential hall-mark of life in Park City. This as good a time as any to be a part of Park City’s success story.

 

Nick Coleman, Park City Realtor

By Nick Coleman
Call 435-640-7781 or email [email protected] 
to find your Dream Park City Home.

Follow Nick on Twitter @ParkCitySold for regularly updated Park City Happenings or 
Join us at the I Love Park City Google+ community.

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