Greater Park City Market Update | 2016

SSIR  2016 Year End Market Update

We invite you to review Summit Sotheby’s International Realty’s residential market update for the Greater Park City area for 2016, comparing current year with previous years. 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 14% year over year with 1,153 units sold and sales volume was up 20%. The average days on market was 94 days representing a 12% reduction year over year. The average sale price was up 6% to $1,123,767 and the average price per sq. ft. was $271.

Greater Park City – Condos – All MLS: The number of condos sold was down 2% year over year with 868 units sold while total sales volume was up 10% at $613,507,073. The average days on market was 80 days remaining the same year over year. The average sale price was up 13% to $$706,805 and the average price per sq. ft. was $388.

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!