Category Archives: Market Updates

August 2018 Washington County Real Estate Market Video Update

August 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 14% from 2017 with 811 units on the market and down 5% from the previous month. The median listing price was just under $420,000. The average days on market was down 20% from 55 days in 2017 to 44 days in 2018. The median sales price was just under $340,000. The averages for units sold in the month decreased 2% for units sold year over year and decreased 13% month over month with a total of 302 units sold.

Washington County – Condominiums: Active inventory was up 12% from 2017 with 121 units on the market and up 4% from the previous month. The median listing price was just over $270,000. The average days on market was down 11% from 28 days in 2017 to 25 days in 2018. The median sales price was just under $200,000. The averages for the month show an decrease of 12% for units sold year over year and a 20% decrease over the previous month with a total of 59 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

August 2018 Salt Lake County Real Estate Market Video Update

August 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 month of July. 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 19% from 2017 with 2,164 units on the market and up 2% from the previous month. The median listing price was just under $460,000. The average days on market was up 8% from 24 days in 2017 to 26 days in 2018. The median sales price was just under $370,000. The averages for units sold in the month of June decreased 4% for units sold year over year and decreased 17% month over month with a total of 1,136 units sold.

Salt Lake County – Condominiums: Active inventory was down 27% from 2017 with 512 units on the market and down 1% from the previous month. The median listing price was just under $300,000. The average days on market was down 4% from 23 days in 2017 to 22 days in 2018. The median sales price was just over $240,000. The averages for the month of June show an decrease of 6% for units sold year over year and decreased 17% over the previous month with a total of 374 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

August 2018 Greater Park City Real Estate Market Video Update

August 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 15% from 2017 with 776 units on the market and up 2% from the previous month. The median listing price was just under $1.7 million. The average days on market was up 32% from 68 days in 2017 to 90 days in 2018. The median sales price was just under $830,000. The averages for units sold in the month decreased 13% for units sold year over year and increased 5% month over month with a total of 117 units sold.

Greater Park City Area – Condos: Active inventory was down 6% from 2017 with 435 units on the market and down 5% from the previous month. The median listing price was just under $720,000. The average days on market was up 26% from 89 days in 2017 to 112 days in 2018. The median sales price was just over $590,000. The averages for units sold in the month increased 13% for units sold year over year and decreased 11% month over 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

July 2018 Washington County Real Estate Market Video Update

July 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 16% from 2017 with 821 units on the market and down 1% from the previous month. The median listing price was just under $410,000. The average days on market was down 10% from 49 days in 2017 to 44 days in 2018. The median sales price was just under $350,000. The averages for units sold in the month decreased 1% for units sold year over year and increased 18% month over month with a total of 320 units sold.

Washington County – Condominiums: Active inventory was down 1% from 2017 with 103 units on the market and down 13% from the previous month. The median listing price was just over $270,000. The average days on market was down 26% from 35 days in 2017 to 26 days in 2018. The median sales price was just under $200,000. The averages for the month show an decrease of 17% for units sold year over year and a 22% decrease over the previous month with a total of 63 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

July 2018 Salt Lake County Real Estate Market Video Update

July 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 18% from 2017 with 2,022 units on the market and up 3% from the previous month. The median listing price was $460,000. The average days on market was up 0% from 22 days in 2017 to 24 days in 2018. The median sales price was just over $360,000. The averages for units sold in the month of June decreased 8% for units sold year over year and increased 5% month over month with a total of 1,290 units sold.

Salt Lake County – Condominiums: Active inventory was down 36% from 2017 with 481 units on the market and up 3% from the previous month. The median listing price was $300,000. The average days on market was up 24% from 25 days in 2017 to 31 days in 2018. The median sales price was just under $250,000. The averages for the month of June show an increase of 0% for units sold year over year and increased 4% over the previous month with a total of 430 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

July 2018 Greater Park City Real Estate Market Video Update

July 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 15% from 2017 with 724 units on the market and up 3% from the previous month. The median listing price was just under $1.8 million. The average days on market was up 17% from 69 days in 2017 to 81 days in 2018. The median sales price was just under $950,000. The averages for units sold in the month decreased 21% for units sold year over year and decreased 10% month over month with a total of 110 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

June 2018 Greater Park City Real Estate Market Video Update

June 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 15% from 2017 with 659 units on the market and up 2% from the previous month. The median listing price was just under $1.8 million. The average days on market was up 33% from 80 days in 2017 to 106 days in 2018. The median sales price was just under $850,000. The averages for units sold in the month increased 11% for units sold year over year and increased 23% month over month with a total of 118 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

June 2018 Salt Lake County Real Estate Market Video Update

June 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 11% from 2017 with 1,888 units on the market and up 8% from the previous month. The median listing price was just under $450,000. The average days on market was down 8% from 25 days in 2017 to 23 days in 2018. The median sales price was $360,000. The averages for units sold in the month of May decreased 16% for units sold year over year and increased 6% month over month with a total of 1,144 units sold.

Salt Lake County – Condominiums: Active inventory was down 34% from 2017 with 455 units on the market and up 6% from the previous month. The median listing price was just over $300,000. The average days on market was up 21% from 24 days in 2017 to 29 days in 2018. The median sales price was just under $240,000. The averages for the month of May show an increase of 6% for units sold year over year and increased 7% over the previous month with a total of 423 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

June 2018 Washington County Real Estate Market Video Update

June 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 791 units on the market and down 9% from the previous month. The median listing price was just under $430,000. The average days on market was down 7% from 56 days in 2017 to 52 days in 2018. The median sales price was just under $330,000. The averages for units sold in the month decreased 1% for units sold year over year and increased 18% month over month with a total of 369 units sold.

Washington County – Condominiums: Active inventory was up 14% from 2017 with 104 units on the market and down 13% from the previous month. The median listing price was just under $280,000. The average days on market was down 39% from 61 days in 2017 to 37 days in 2018. The median sales price was just over $190,000. The averages for the month show an increase of 8% for units sold year over year and a 1% decrease over the previous month with a total of 79 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 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.