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Show Low-priced spreads are selling well Everybody knows that the higher-priced units in Deer Valley are selling faster than any other housing in Park City. Or are they? According to an informal poll taken last week by Cyndi Sharp of Gump and Ayers Real Estate, it's the lower-priced spread that is outselling everything else in the market. Sharp divided the market into four segments homes with prices ranging from $50,000 to $99,000, from $100,000 to $199,000, from $200,000 to $399,000, and from $400,000 up. With those divisions, Sharp estimated that the $50,000 ,to $99,000 group is currently outselling any other segment by approximately ap-proximately 2 to 1. "There are some buyers in the over $400,000 group, but the majority is in the lower end," she said. Her survey shows the lower priced housing is followed by homes in the $100,000 to $199,000 range in second, with the over-$400,000 units in third. Many of the lower priced transactions are resales, she said, of properties such as Snow Crest or Park Avenue Condos, whereas the more expensive sales have been for the most part in Deer Valley. Sharp said the typical buyers of the $50,000 to $99,ooo homes are from ages 30 to 39, with incomes of $25,000 to $49,000. Most are self-employed, self-employed, and are buying the home as an investment, she said. The second hottest selling group, the $100,000 to $199,000 homes, are most often of-ten being snapped up by corporate cor-porate executives, Sharp said. The buyers are generally from 40 to 49 in age, and have incomes from $100,000 to $300,000. Most purchases are for second or third homes, according to Sharp. The units over $400,000, are being bought by corporate cor-porate presidents or chairmen, chair-men, Sharp said. They generally earn over $300,000 and buy the homes for a variety of reasons, some leisure, some investment. |