August 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 15% from 2016 with 813 units on the market and down 1% from the previous month. The median listing price was $1,350,000. The average days on market was down 15% from 81 days in 2016 to 69 days in 2017. The median sales price was $730,000. The averages for units sold in the month of July increased 32% for units sold year over year and decreased 7% decrease month over month with a total of 127 units sold.

Greater Park City Area – Condominiums: Active inventory was down 18% from 2016 with 410 units on the market and down 10% from the previous month. The median listing price was just over $872,000. The average days on market was up 42% from 64 days in 2016 to 91 days in 2017. The median sales price was just under $500,000. The averages for the month of July show a decrease of 25% for units sold year over year and down 22% over the previous month with a total of 57 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