Tag Archives: greater park city

Luxury Real Estate Headlines: First Week in July 2018

569 Deer Valley Loop #8
Park City Utah | Christine Grenney, Summit Sotheby’s International Realty

“Imagine living just a short walk from Old Town’s Gold Coast. Within minutes, you can be dining at an acclaimed restaurant or touring Main Street’s art galleries. As if the location couldn’t get any better, The Lofts townhomes are also on the bus route, just over a mile from world-class skiing. The caliber of the property itself, however, doesn’t pale in comparison to its desirable setting. .”

Georgia’s Priciest House Hits Market in Atlanta for $25M – Mansion Global

Railroad Chief’s Equestrian Estate Returns for 40% Off – Wall Street Journal

6 Beautiful Homes in the Mountains – The Week

Hot Property: Homes for Car Lovers – Financial Times

Contemporary Home in Rio de Janeiro with a Striking View – Mansion Global

$650,000 Homes in Rhode Island, Missouri and Tennessee – The New York Times

6 Historic New Jersey Homes – The Week

Hamptons Surf Home Sells for Almost $23 Million – Wall Street Journal

Tyra Banks Buttons Up Another Home Sale in Pacific Palisades – Los Angeles Times

Info is Key to Buying New Development Off Plan – Mansion Global

In Cooling Housing Markets, ‘Bump Clauses’ Help Seal Win-Win Deals – Wall Street Journal

Munich’s Schwabing is Lively, Central, and Upscale – Mansion Global

Bank of Mum and Dad: Study Shows How a Growing Number of Singaporeans are Paying for Their Homes – Domain

How I Went From a High School Teacher to a C-Suite Executive Through the Power of ‘Yes’ – Thrive Global

The Reverie of Island Living – T Brand Studios

10 Dream Homes That Take City Dwelling to a Whole New Level – Elle Decor

Victoria Beckham’s Favorite Rubens Painting Fetches $7 Million at Sotheby’s Old Masters Sale – artnet News

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

October 2017 Greater Park City Real Estate Market Video Update

October 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 22% from 2016 with 742 units on the market and down 10% from the previous month. The median listing price was $1,460,000. The average days on market was down 8% from 78 days in 2016 to 72 days in 2017. The median sales price was $790,000. The averages for units sold in the month of September increased 1% for units sold year over year and decreased 24% month over month with a total of 111 units sold.

Greater Park City Area – Condominiums: Active inventory was down 22% from 2016 with 387 units on the market and down 8% from the previous month. The median listing price was $959,000. The average days on market was up 26% from 82 days in 2016 to 103 days in 2017. The median sales price was just over $568,000. The averages for the month of September show an increase of 7% for units sold year over year and a 0% change over the previous month with a total of 88 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 | Q3 2017

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the 3rd 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.

September 2017 Greater Park City Real Estate Market Video Update

September 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 800 units on the market and down 5% from the previous month. The median listing price was $1,390,000. The average days on market was up 16% from 69 days in 2016 to 80 days in 2017. The median sales price was $829,000. The averages for units sold in the month of August increased 9% for units sold year over year and increased 10% month over month with a total of 141 units sold.

Greater Park City Area – Condominiums: Active inventory was down 23% from 2016 with 397 units on the market and down 7% from the previous month. The median listing price was just over $899,000. The average days on market was up 21% from 67 days in 2016 to 81 days in 2017. The median sales price was just under $557,000. The averages for the month of August show an increase of 13% for units sold year over year and up 42% over the previous month with a total of 85 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