Tag Archives: market-update

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 Washington County Real Estate Market Video Update

April 2018 Washington County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Washington County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Washington County – Single Family Homes: Active inventory was down 24% from 2017 with 832 units on the market and down 8% from the previous month. The median listing price was just under $430,000. The average days on market was down 14% from 65 days in 2017 to 56 days in 2018. The median sales price was just over $320,000. The averages for units sold in the month of March decreased 15% for units sold year over year and increased 38% month over month with a total of 307 units sold.

Washington County – Condominiums: Active inventory was down 16% from 2017 with 124 units on the market and down 18% from the previous month. The median listing price was just over $220,000. The average days on market was up 2% from 46 days in 2017 to 47 days in 2018. The median sales price was just under $190,000. The averages for the month of March show an decrease of 19% for units sold year over year and 5% increase over the previous month with a total of 60 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

April 2018 Salt Lake County Real Estate Market Video Update

April 2018 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 24% from 2017 with 1,413 units on the market and down 7% from the previous month. The median listing price was $469,900. The average days on market was down 8% from 37 days in 2017 to 34 days in 2018. The median sales price was just over $353,000. The averages for units sold in the month of March decreased 11% for units sold year over year and increased 24% month over month with a total of 1,016 units sold.

Salt Lake County – Condominiums: Active inventory was down 18% from 2017 with 445 units on the market and down 7% from the previous month. The median listing price was just under $300,000. The average days on market was up 25% from 24 days in 2017 to 30 days in 2018. The median sales price was just under $240,000. The averages for the month of March show a increased of 10% for units sold year over year and increased 55% over the previous month with a total of 388 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

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 Washington County Real Estate Market Video Update

March 2018 Washington County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Washington County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Washington County – Single Family Homes: Active inventory was down 22% from 2017 with 870 units on the market and up 5% from the previous month. The median listing price was just under $420,000. The average days on market was down 10% from 63 days in 2017 to 57 days in 2018. The median sales price was just under $330,000. The averages for units sold in the month of February decreased 5% for units sold year over year and decreased 8% month over month with a total of 213 units sold.

Washington County – Condominiums: Active inventory was down 11% from 2017 with 126 units on the market and down 3% from the previous month. The median listing price was just under $225,000. The average days on market was up 16% from 38 days in 2017 to 44 days in 2018. The median sales price was just over $190,000. The averages for the month of February show an increase of 6% for units sold year over year and 7% decrease over the previous month with a total of 53 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 Salt Lake County Real Estate Market Video Update

March 2018 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 23% from 2017 with 1,367 units on the market and down 14% from the previous month. The median listing price was $439,900. The average days on market was up 4% from 45 days in 2017 to 43 days in 2018. The median sales price was just under $340,000. The averages for units sold in the month of February increased 4% for units sold year over year and held steady month over month with a total of 7613 units sold.

Salt Lake County – Condominiums: Active inventory was down 13% from 2017 with 449 units on the market and down 13% from the previous month. The median listing price was $285,000. The average days on market was up 42% from 30 days in 2017 to 43 days in 2018. The median sales price was just over $234,000. The averages for the month of February show a decrease of 7% for units sold year over year and decreased 12% over the previous month with a total of 236 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 Washington County Real Estate Market Video Update

January 2018 Washington County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Washington County for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Washington County – Single Family Homes: Active inventory was down 25% from 2017 with 755 units on the market and down 19% from the previous month. The median listing price was just under $400,000. The average days on market was down 20% from 56 days in 2017 to 45 days in 2018. The median sales price was $300,000. The averages for units sold in the month of December decreased 5% for units sold year over year and decreased 9% month over month with a total of 272 units sold.

Washington County – Condominiums: Active inventory was down 26% from 2017 with 105 units on the market and down 18% from the previous month. The median listing price was just under $220,000. The average days on market was up 18% from 28 days in 2017 to 33 days in 2018. The median sales price was just over $180,000. The averages for the month of December show an decrease of 30% for units sold year over year and 26% increase over the previous month with a total of 49 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