Park City has experienced incredible interest this summer, with real estate sales activity increasing across the valley. From May to August, new weekly sales in our local market equalled or exceeded the same week last year. Total closings in this period increased from 586 to 809 year on year. Available listings are lower than the average of the past five years.
Pendry Residences Park City has emerged as one of the strongest performers in new construction sales. From June to September, 20 Residences have been placed under contract, representing over $33 million in sales.
We have been rapidly selling the Pool & Spa Building collection of fully-furnished studio to four-bedroom Residences. We will soon be revealing a new selection of Residences and updated pricing for the 2020 winter season.
Construction at Pendry Residences Park City is proceeding quickly and is on track to open in winter 2021. View the progress on our live construction cam: