Canyons Resort Real Estate Q2 2014 Sales report

Canyons Resort Real Estate Sales Statistics for Q2 – 2014

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Its Mid-July so I guess it’s time to talk about sales statistics regarding Canyons Resort Real Estate. So welcome to the Canyons Report.

I am going to try and make this as quick as possible. Canyons Resort Real Estate has dropped overall about 15% in the second quarter of 2014, but the sales dollar volume didn’t drop off all that much only a 4% drop overall. Now if you take a look at Canyons Resort Real Estate sales for the first six months of the year we have had only a 2% drop in the number of transactions. Primarily due to strong sales in the Grand Summit and Colony Land. Sales dollar volume is only down 1% overall for the first six months of 2014. The great news is that we already have 18 pending sales going into the third quarter and there was only 22 closed transaction in the third quarter of 2013. It is a very good possibility that our third quarter sales could turn us positive for the year.

Now as you can see in the report condominium sales are off 26% and dollar volume is off 33%. We are not exactly sure of why, other than inventory is low in the properties that have been popular. We do feel that this is going to change going into the 2014 – 2015 ski season as interest traffic is up over the same time in 2013.

One of the bright spots for Canyons Resort Real Estate so far this year is the Grand Summit. They have had a 150% increase in sale over quarter 2 of 2013. And if you take a look are the first half of the year there is a 167% increase in closed transactions and a 273% increase in the dollar volume sold. We are hopeful that this trend will continue, but inventory is becoming an issue with only 26 listings currently on the market.

Canyons Resort Real Estate sales in the Single family home area are flat so far this year, and that is primarily due to the lot sales in the Colony are very very strong. People are electing to build rather than look at existing single family options over the past couple years. We do think that that trend will change within a year or two as lot prices start to increase and the cost of construction goes up.

I hope you found the information helpful. This report is definitely wave top information if you would like more in-depth details please give me a call 435-901-2836 or shoot me an email jeff@bhhsutah.com

You can always find information and other Canyons conversation topics at www.parkcityarea10.com or www.canyonsre.com

PENDING SALES GOING INTO QUARTER 3

q2 for website

All the best

Jeff Lykes

“Nobody knows Canyons Resort Real Estate better Than Park City Area 10 Real Estate” Serving The Colony and Canyons Resort Village.

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