This slide assumes a 20% down payment for a buyer who qualifies for a payment of $1,800 per month.
In January, 2006, that person could afford to buy a home with a purchase price of $365,420. Today, that same buyer would qualify to buy a home with a purchase price of $508,940. What is interesting is that the median home price in the Park City area is just under $500,000. So, homes really are 39% more affordable today than in January, 2006.
If you would like to see additional Park City real estate statistics, please send an email to email@example.com, and I will email you the packet.