May 2023 Park City Newsletter

We are in the 2nd quarter of 2023 and have made it through our record-breaking Winter with fantastic skiing and excessive shoveling!

I hope you are all enjoying the sunshine and warmer weather. Let me know if you are coming to Park City this Spring, so we can get together.

Wishing all the moms a Happy Mother’s Day!

~Jody Kimball

Q1 2023 Market Analysis

As we approach the three-year anniversary of the pandemic, the Park City real estate market in general is getting closer to “normal” – that is as “normal” has been redefined. Sales numbers are returning to pre-pandemic averages. Q1-23 sales totals were 5% higher than the average from 2013 to 2020. Sales prices are not. Total sales volume is 63% higher than the average from 2013 to 2020 because the lower number of units sold units were more than offset by ever increasing sales prices. The market volatility experienced during, and immediately following, the Covid restrictions mirrors that seen leading up to the market crash and great recession in 2007-08-09. The Park City real estate market is reflecting trends seen elsewhere in the country, as business returns to a more “normal” seasonal pattern.

Watch as the ice melts over
Jordanelle Reservoir

Officials with Jordanelle State Park shared a time-lapse video on April 29, 2023, as an area of the reservoir melted away. They said the video was taken from one of their cameras at the Personal Watercraft Ramp on the south side of the reservoir facing the dam. View current conditions at https://stateparks.utah.gov/parks/jordanelle/current-conditions/

Did You Know?

For the eleventh year in row, the Coldwell Banker® brand is proud to be rated #1 in Real Estate Advertising*, scoring the highest with consumers and creating brand recognition that powers business.

Running With Ed – May 20th, 2023

Running with Ed is a Park City tradition! Now in our 14th year, Running With Ed (RWE) is a celebratory relay race fundraiser for the Park City Education Foundation that raises money for Park City teachers, students, and schools. It’s been voted Park City’s Favorite Fundraiser and Sporting Event nine years in a row!

Running with Ed’s (RWE) purpose is to raise funds for initiatives that inspire all Park City students to successfully reach their academic and life-long potential. Our teachers and schools have given so much to us – thanks for giving back to show our gratitude! You can still donate below!

WHAT ARE MY CLIENTS SAYING ABOUT ME?

The View Magazine

The latest edition of the VIEW magazine is online and in print! Check out the hottest homes on the market throughout Utah today: https://bit.ly/3jTZhDv

How’s the Park City Real Estate Market?

View April 2023 Statistics for Single Family Homes/Condo-Townhouse in 84060

Single Family Homes in Park City (84060)

Condo/Townhouses in Park City (84060)

If you would like more market information on your local community or neighborhood, contact me below for assistance! I’d love to be of service to you.

Local Events & Happenings

Park City offers a wide assortment of year-round events with fun and entertainment. Set against the majestic Wasatch mountains, your spirits will rise as you experience exciting celebrations. No matter your interests, there’s an event in Park City to capture your attention and your heart. Browse. Explore. Open your mind to the possibilities!

Star Wars – May the 4th be with you!
May 4th, 3:30pm-6:30 pm at the Park City Library

The whole family is invited to dress in their Star Wars best to celebrate the Star Wars universe at this free event. Themed crafts, tattoos, and light snacks will be held in the Community Room from 3:30-6:30pm.

In partnership with Park City Film, Star Wars: A New Hope will be screening at 4 pm and Star Wars: Empire Strikes Back will be screening at 6:30 pm. Free popcorn will be provided.

My Featured Listings

840 W Bigler Lane #3019, Midway, UT 84049 | Offered at $589,000

3855 N GRAND DR #G22 Q1, Park City, UT 84098 | Offered at $178,900