July 2017 Greater Park City Area 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 11% from 2016 with 793 units on the market and up 12% from the previous month. The median listing price was just $1,400,000. The average days on market was down 16% from 81 days in 2016 to 68 days in 2017. The median sales price was just under $720,000. The averages for units sold in the month of June increased 3% for units sold year over year and increased 33% month over month with a total of 132 units sold.

Greater Park City Area  – Condos: Active inventory was down 17% from 2016 with 677 units on the market and down 0% from the previous month. The median listing price was just under $875,000. The average days on market was down 14% from 87 days in 2016 to 75 days in 2017. The median sales price was $485,000. The averages for units sold in the month of June increased 13% for units sold year over year and increased 17% month over month with a total of 70 units sold.