Buyers for mid-range homes can't get loans

by Andrew Kirk, OF THE RECORD STAFF
Posted: 05/05/2009 06:25:58 PM MDT
parkrecord.com

As predicted, real estate sales volume was way down this spring according to the First Quarter Report from the Park City Board of Realtors released this week.
Sales volume in the first quarter was $146.4 million as compared to $321.3 million the same time last year in Summit and Wasatch Counties.

The number of sales transactions fell to 166, down 55.7 percent from 375 transactions a year ago, according to the report.

Park City proper accounted for a larger percentage of those overall sales, and the Snyderville Basin accounted for less. Single-family homes accounted for a larger percentage of overall sales, condominiums