March 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 19% from 2016 with 629 units on the market and down 9% from the previous month. The median listing price was just under $1,750,000. The average days on market was up 17% from 132 days in 2016 to 154 days in 2017. The median sales price was just under $1,000,000. The averages for units sold in the month of December increase 15% for units sold year over year and decreased 17% decrease month over month with a total of 63 units sold.

Greater Park City Area – Condominiums: Active inventory was down 10% from 2017 with 447 units on the market and down 4% from the previous month. The median listing price was just under $1,000,000. The average days on market was up 20% from 88 days in 2016 to 106 days in 2017. The median sales price was just over $480,000. The averages for the month of December show a increase of 11% for units sold year over year and down 4% over the previous 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