Category Archives: Park City Market Update

August 2018 Greater Park City Real Estate Market Video Update

August 2018 Greater Park City Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 15% from 2017 with 776 units on the market and up 2% from the previous month. The median listing price was just under $1.7 million. The average days on market was up 32% from 68 days in 2017 to 90 days in 2018. The median sales price was just under $830,000. The averages for units sold in the month decreased 13% for units sold year over year and increased 5% month over month with a total of 117 units sold.

Greater Park City Area – Condos: Active inventory was down 6% from 2017 with 435 units on the market and down 5% from the previous month. The median listing price was just under $720,000. The average days on market was up 26% from 89 days in 2017 to 112 days in 2018. The median sales price was just over $590,000. The averages for units sold in the month increased 13% for units sold year over year and decreased 11% month over month with a total of 68 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

July 2018 Greater Park City Real Estate Market Video Update

July 2018 Greater Park City Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 15% from 2017 with 724 units on the market and up 3% from the previous month. The median listing price was just under $1.8 million. The average days on market was up 17% from 69 days in 2017 to 81 days in 2018. The median sales price was just under $950,000. The averages for units sold in the month decreased 21% for units sold year over year and decreased 10% month over month with a total of 110 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

June 2018 Greater Park City Real Estate Market Video Update

June 2018 Greater Park City Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 15% from 2017 with 659 units on the market and up 2% from the previous month. The median listing price was just under $1.8 million. The average days on market was up 33% from 80 days in 2017 to 106 days in 2018. The median sales price was just under $850,000. The averages for units sold in the month increased 11% for units sold year over year and increased 23% month over month with a total of 118 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

Greater Park City Market Update 2018

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the 1st Quarter of 2018.

Market data provided includes Average List Price, Average Sold Price, Average Monthly Supply of Inventory among others for 25+ distinct Park City market areas and is broken out by Single Family Homes and Condominiums and Vacant Land.

PCMLS areas include: Aerie, Deer Crest, Empire Pass, Glenwild – Silver Creek, Jeremy Ranch, Jordanelle, Kimball Junction, Lower Deer Valley® Resort, Upper Deer Valley® Resort, Old Ranch Road, Old Town, Park Meadows, Pinebrook, Promontory, Prospector, Silver Springs, Summit Park, Sun Peak – Bear Hollow, Thaynes Canyon, The Canyons, Trailside Park, Heber – Daniels, Midway – Charleston, Timberlakes, Kamas – Marion, Oakley – Weber Canyon, Wanship – Hoytsville – Coalville – Echo and Henefer,  Woodland – Francis.

Ask a Summit Sotheby’s International Realty REALTOR® for help interpreting these charts.

April 2018 Greater Park City Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 19% from 2017 with 603 units on the market and held steady from the previous month. The median listing price was just under $1.9 million. The average days on market was down 22% from 105 days in 2017 to 82 days in 2018. The median sales price was $740,000. The averages for units sold in the month of March decreased 17% for units sold year over year and decreased 3% month over month with a total of 71 units sold.

Greater Park City Area – Condominiums: Active inventory was down 14% from 2017 with 438 units on the market and down 3% from the previous month. The median listing price was just $900,000. The average days on market was down 27% from 92 days in 2017 to 70 days in 2018. The median sales price was $680,000. The averages for the month of March show a decrease of 17% for units sold year over year and increased 22%, month over month with a total of 71 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

March 2018 Greater Park City Real Estate Market Video Update

 

March 2018 Greater Park City Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 21% from 2017 with 572 units on the market and down 5% from the previous month. The median listing price was $2.01 million. The average days on market was down 26% from 148 days in 2017 to 109 days in 2018. The median sales price was $850,000. The averages for units sold in the month of February increased 9% for units sold year over year and held steady month over month with a total of 73 units sold.

Greater Park City Area – Condominiums: Active inventory was down 14% from 2017 with 427 units on the market and down 3% from the previous month. The median listing price was just over $950,00. The average days on market was down 27% from 107 days in 2017 to 78 days in 2018. The median sales price was just under $690,000. The averages for the month of February show a decrease of 19% for units sold year over year and increased 41%, month over month with a total of 58 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

Greater Park City Market Update | 2017

We invite you to review Summit Sotheby’s International Realty’s residential market update for the Greater Park City area comparing 2017 with previous years’ data. This update also provides market data for Summit County, Wasatch County, 84060, 80498 and individual Park City MLS areas.

Greater Park City – Single Family Homes – All MLS: The number of single family homes sold was up 11% year over year with 1,283 units sold and sales volume was up 15% at $1,494,577,807. The average days on market was 87 days representing a 7% reduction year over year. The average sale price was up 4% to $1,164,909 and the average price per sq. ft. was $291.

Greater Park City – Condos – All MLS: The number of condos sold was up 4% year over year with 906 units sold while total sales volume was up 14% at $701,607,987. The average days on market was 99 days and up 24% year over year. The average sale price was up 9% to $774,402 and the average price per sq. ft. was $429.

Market data provided includes Average List Price, Average Sold Price, Average Monthly Supply of Inventory among others for 25+ distinct Park City market areas and is broken out by Single Family Homes and Condominiums and Vacant Land.

PCMLS areas include: Aerie, Deer Crest, Empire Pass, Glenwild – Silver Creek, Jeremy Ranch, Jordanelle, Kimball Junction, Lower Deer Valley® Resort, Upper Deer Valley® Resort, Old Ranch Road, Old Town, Park Meadows, Pinebrook, Promontory, Prospector, Silver Springs, Summit Park, Sun Peak – Bear Hollow, Thaynes Canyon, The Canyons, Trailside Park, Heber – Daniels, Midway – Charleston, Timberlakes, Kamas – Marion, Oakley – Weber Canyon, Wanship – Hoytsville – Coalville – Echo and Henefer,  Woodland – Francis.

No matter where you are in the real estate process of buying or selling, understanding the real estate trends is essential to your success in the local housing market so please contact your local Summit SIR sales associates for help!

Greater Park City Market Update | Q4 2017

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the 4th Quarter of 2017.

Market data provided includes Average List Price, Average Sold Price, Average Monthly Supply of Inventory among others for 25+ distinct Park City market areas and is broken out by Single Family Homes and Condominiums and Vacant Land.

PCMLS areas include: Aerie, Deer Crest, Empire Pass, Glenwild – Silver Creek, Jeremy Ranch, Jordanelle, Kimball Junction, Lower Deer Valley® Resort, Upper Deer Valley® Resort, Old Ranch Road, Old Town, Park Meadows, Pinebrook, Promontory, Prospector, Silver Springs, Summit Park, Sun Peak – Bear Hollow, Thaynes Canyon, The Canyons, Trailside Park, Heber – Daniels, Midway – Charleston, Timberlakes, Kamas – Marion, Oakley – Weber Canyon, Wanship – Hoytsville – Coalville – Echo and Henefer,  Woodland – Francis.

Ask a Summit Sotheby’s International Realty REALTOR® for help interpreting these charts.

January 2018 Greater Park City Real Estate Market Video Update

 

January 2018 Greater Park City Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 23% from 2017 with 581 units on the market and down 20% from the previous month. The median listing price was $1,850,000. The average days on market was down 13% from 102 days in 2017 to 92 days in 2018. The median sales price was just under $800,000. The averages for units sold in the month of December increased 4% for units sold year over year and decreased 16% month over month with a total of 85 units sold.

Greater Park City Area – Condominiums: Active inventory was down 18% from 2017 with 414 units on the market and down 2% from the previous month. The median listing price was just over $850,000. The average days on market was up 40% from 77 days in 2017 to 108 days in 2018. The median sales price was just over $480,000. The averages for the month of December show a decrease of 28% for units sold year over year and held steady over the previous month with a total of 65 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

December 2017 Greater Park City Real Estate Market Video Update

December 2017 Greater Park City Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 23% from 2016 with 667 units on the market and down 10% from the previous month. The median listing price was $1,690,000. The average days on market was down 25% from 101 days in 2016 to 76 days in 2017. The median sales price was $627,500. The averages for units sold in the month of November increased 5% for units sold year over year and decreased 19% month over month with a total of 96 units sold.

Greater Park City Area – Condominiums: Active inventory was down 19% from 2016 with 389 units on the market and up 3% from the previous month. The median listing price was $950,000. The average days on market was up 26% from 90 days in 2016 to 113 days in 2017. The median sales price was just over $525,000. The averages for the month of November show a decrease of 6% for units sold year over year and an decrease of 36% over the previous month with a total of 61 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update