Park City Building Permits Increased in June

Professional real estate manby Joel Carson
President/Principal Broker
Utah Real Estate
SLBR 2012 ‘Salesperson of the Year’

Construction HatThe Park City Building Department reported encouraging numbers for June; and, that means construction is beginning to rebound in the Utah mountain resort town. There appears to be a trend in remodeling and it’s safe to say consumer confidence is growing. If you own a Park City home, or want to remodel your resort home it’s important to note construction prices could rise with demand.

Park Record writer Jay Hamburger reported the good news in a July 12 article published online. “The Building Department said it issued 151 permits worth just more than $8 million combined in June. The tally was up more than $1 million from the previous month and beat the previous June [2012] by a little more than $3 million,” Hamburger said. Three permits were issued in June for homes totaling a combined value of about $3.7 million.

Individuals and businesses are ready to remodel in Park City. Permits for alterations and additions to homes and commercial buildings totaled more than $3.9 million.

The 2013 building permit total estimated
value for all building projects was up about $3.1 million by the end of the second quarter when compared to the same time period in 2012.

There’s no question America’s recession hit home and business owners hard in Park City; however, the increase in activity is a positive sign that the historic resort town’s housing market is heading in the right direction. The financial benefits of new construction – for an entire home or for a remodeling project – trickle down to a vast number of support industries. The future really does look bright and it’s reflecting off those soon-to-be snow-covered hills!

There are still many great existing Park City homes for sale. Check them out at AllParkCityHomes.com. Call me at 801-673-3333 for a private showing or help in finding the right home for you and your family.

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