Buyer’s Market, Fall Colors & Local Favorites! Pinebrook Park City, Utah

Hello, everyone! Judy here with eXp Realty and today, I’m thrilled to share the latest real estate trends in Pinebrook, Park City for September 2024. 🍂 Not only are we diving into the numbers, but I also had the chance to enjoy the stunning fall colors from the patio at one of my favorite spots—Billy Blanco’s Motor City Mexican Restaurant! 🌮 Trust me, you won’t want to miss this month’s update.

So, what’s happening in Pinebrook’s real estate market? Let’s get into the key stats and what they mean for buyers and sellers alike.

Active Listings Are Up by 77.8%!

If you’ve been waiting to explore Pinebrook, now’s the time. We’ve seen a significant rise in active listings—up 77.8% compared to September last year! In 2023, there were just 18 homes on the market, but this year, we’re looking at 32 listings. 🎉 More choices mean more opportunities for buyers, especially with the current shift toward a buyer’s market.

A Dip in Sold Listings and the Advantage for Buyers

While listings are up, the number of sold homes has dropped by 33.3%—from 6 sales in September 2023 to just 4 this year. For buyers, this means more negotiating power and a chance to weigh your options with less competition. 🏡

Months of Supply Skyrocket by 166.7%!

Here’s a stat that will catch your eye: The months of supply in Pinebrook has shot up 166.7%—from 3 months last year to 8 months this year. If you’re a buyer, this is a clear signal that now is the time to act. With more homes on the market and a longer supply, you have room to negotiate, explore your options, and secure the best deal. 🛤️

Price Per Square Foot Drops by 8.6%

Another advantage for buyers? The median price per square foot has decreased by 8.6%, going from $537.99 in 2023 to $491.49 this year. If you’ve been waiting for the perfect time to buy a home in Pinebrook at a more attractive price point, now’s your chance!

What Does This Mean for Sellers?

If you’re selling, this shift in the market means it’s more important than ever to have a strategic marketing plan in place. Homes are staying on the market longer—median days on market have increased by 30.5%, from 41 days in September 2023 to 53 days this year. But don’t worry—this doesn’t mean your home won’t sell quickly. With my premium marketing strategies, including drone footage, professional photography, and custom property websites, we’ll get your home in front of the right buyers to make sure it sells fast and for top dollar. 🔥

Fall Colors and Local Favorites: Billy Blanco’s Motor City Mexican Restaurant 🌮🍂

As much as I love sharing real estate insights, I also enjoy highlighting the best local spots in Park City. This month, I recorded the update from the patio of Billy Blanco’s Motor City Mexican Restaurant, where the fall colors are absolutely breathtaking. And if you haven’t tried it yet, my favorite dish here is their High-Octane Nachos—seriously, you need to give them a try! 😋

Whether you're coming for the market insights or the nachos, Pinebrook has so much to offer this fall. 🍁

Ready to Explore Pinebrook? Let’s Connect!

Whether you’re thinking of buying or selling in Pinebrook, now is the perfect time to make your move. With the rise in listings, price adjustments, and a more favorable buyer’s market, there’s plenty of opportunity waiting for you. As always, I’m here to help you navigate the market with the right strategies and insights. 🏡

🎥 Don’t forget to watch the full video update on my YouTube channel and hit that subscribe button for more real estate news and insights!

Why Choose LuxuryUtahProperties.com?

At Luxury Utah Properties, we specialize in crafting strategic marketing plans that get your home sold fast and for top dollar. From custom property websites and drone footage to expert negotiation skills, we’ve got everything you need to succeed in today’s evolving market. 🌟

Ready to start your journey? Reach out today, and let’s make your real estate goals a reality!