Lower Home Prices Are Spurring Sales In Utah

About one quarter of all real estate transactions in Park City involve distressed properties.

That's not bad, said Deanna Devey of the Utah Association of Realtors. It's average for the state if not slightly better.

Foreclosure activity is definitely improving, said Park City Board of Realtors president Mark Seltenrich.

"They appear to be trending down, but remain historically high," according to the second quarter report summary from the board released July 22.

Devey said short sales account for 13 percent of all sales in Salt Lake, Utah, Davis, Weber and Tooele counties. They are only 10 percent of sales in Summit and Wasatch counties.

"Comparatively, Summit County isn't doing too bad," she said via email.

Statistics that sound negative but are actually good news was a theme for the mid-year report from the board of Realtors.

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