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