April 2017 Greater Park City Real Estate Update

April 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 March 2017. 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 2016 with 647 units on the market and down 0% from the previous month. The median listing price was just under $1,700,000. The average days on market was up 2% from 104 days in 2016 to 106 days in 2017. The median sales price was just under $750,000. The averages for units sold in the month of December increased 9% for units sold year over year and increased 27% decrease month over month with a total of 85 units sold.

Greater Park City Area – Condominiums: Active inventory was down 7% from 2017 with 464 units on the market and down 4% from the previous month. The median listing price was just under $990,000. The average days on market was down 4% from 88 days in 2016 to 106 days in 2017. The median sales price was just under $600,000. The averages for the month of December show a increase of 76% for units sold year over year and up 17% over the previous month with a total of 81 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

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