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