Tag Archives: market report

August 2017 Salt Lake County Real Estate Market Video Update

August 2017 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 21% from 2016 with 2,309 units on the market and up 2% from the previous month. The median listing price was just over $424,900. The average days on market was down 4% from 25 days in 2016 to 24 days in 2017. The median sales price was just under $325,000. The averages for units sold in the month of July decreased 12% for units sold year over year and decreased 20% decrease month over month with a total of 1,094 units sold.

Salt Lake County – Condominiums: Active inventory was down 29% from 2016 with 560 units on the market and down 12% from the previous month. The median listing price was just under $269,800. The average days on market was down 4% from 24 days in 2016 to 23 days in 2017. The median sales price was just under $230,000. The averages for the month of July show a decrease of 2% for units sold year over year and down 12% over the previous month with a total of 369 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 | Q2 2017

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the 2nd 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.

February 2017 Greater Park City Market Update

February 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 13% from 2016 with 659 units on the market and down 1% from the previous month. The median listing price was just under $1,700,000. The average days on market was down 18% from 108 days in 2016 to 89 days in 2017. The median sales price was $800,000. The averages for units sold in the month of December increased 45% for units sold year over year and decreased 7% decrease month over month with a total of 75 units sold.

Greater Park City Area – Condominiums: Active inventory was down 7% from 2017 with 452 units on the market and down 4% from the previous month. The median listing price was just under $1,100,000. The average days on market was up 21% from 68 days in 2016 to 82 days in 2017. The median sales price was just under $620,000. The averages for the month of December show a increase of 32% for units sold year over year and down 21% over the previous month with a total of 70 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

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Greater Park City Market Update | 2016

SSIR 2016 Year End Market Update

We invite you to review Summit Sotheby’s International Realty’s residential market update for the Greater Park City area for 2016, comparing current year with previous years. 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 14% year over year with 1,153 units sold and sales volume was up 20%. The average days on market was 94 days representing a 12% reduction year over year. The average sale price was up 6% to $1,123,767 and the average price per sq. ft. was $271.

Greater Park City – Condos – All MLS: The number of condos sold was down 2% year over year with 868 units sold while total sales volume was up 10% at $613,507,073. The average days on market was 80 days remaining the same year over year. The average sale price was up 13% to $$706,805 and the average price per sq. ft. was $388.

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 Area Market Update | Q4 2016

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We invite you to review Summit Sotheby’s International Realty’s residential market update for the Greater Park City area for the 4th Quarter 2016, comparing current year with previous years. 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 14% year over year with 289 units sold and sales volume was up 10%. The average days on market was 96 days representing a 14% reduction year over year. The average sale price was down 4% to $1,085,003 and the average price per sq. ft. was $266.

Greater Park City – Condos – All MLS: The number of condos sold was up 13% year over year with 251 units sold while total sales volume was up 54% at $203,749,321. The average days on market was 80 days representing a 10% decrease year over year. The average sale price was up 35% to $$811,750 and the average price per sq. ft. was $423.

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Weber County Monthly Market Update

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About Weber County, Utah
As of the 2010 census, the population was 231,236, making it Utah’s fourth-most populous county. Its county seat and largest city is Ogden, the home of Weber State University. The county was formed in 1850 and named after the Weber River, which in turn was named for John Henry Weber (1779–1859), a fur trapper and trader in the area in the mid-1820s.

Weber County Monthly Market Reports
Want more in-depth information? A property evaluation? Connect with your local Summit Sotheby’s International Realty sales associate for up-to-the-minute market information and expert knowledge and experience.

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Summit County Monthly Market Update

Summit County Monthly Market Reports
Want more in-depth information? A property evaluation? Connect with your local Summit Sotheby’s International Realty sales associate for up-to-the-minute market information and expert knowledge and experience.

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Washington County Monthly Market Update

About Washington County, Utah
Placed amidst a scenic backdrop of red cliffs and majestic mountains, Washington County is home to many beautiful and vibrant communities. Locals enjoy the recreational lifestyle the area offers, with world-class golf courses, scenic biking and hiking, thrilling rock climbing, the world-famous St. George Marathon, and incredible ski slopes just miles north. But the most attractive characteristic to tourists, snowbirds, and permanent residents alike is the pristine year-round warm weather and favorably low humidity.

Washington County Monthly Market Reports
Want more in-depth information? A property evaluation? Connect with your local Summit Sotheby’s International Realty sales associate for up-to-the-minute market information and expert knowledge and experience.

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December 2016 Park City Real Estate Market Update

December 2016 Park City Real Estate Market Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for November 2016. 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 7% from 2015 with 736 units on the market and down 11% from the previous month. The median listing price was $1,430,000. The average days on market was down 19% from 126 days in 2015 to 102 days in 2016. The median sales price was $675,000. The averages for units sold in the month of November increased 10% for units sold during November year over year and decreased 28% decrease month over month with a total of 85 units sold.

Greater Park City Area – Condominiums: Active inventory was down 12% from 2015 with 421 units on the market and down 2% from the previous month. The median listing price was just $1,000,000. The average days on market was up 14% from 80 days in 2015 to 91 days in 2016. The median sales price was just over $420,000. The averages for the month of November show a increase of 7% for units sold year over year and down 35% over the previous month with a total of 78 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.parkcitymarketupdate.com

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Greater Park City Area Market Update | Q3 2016

We invite you to review Summit Sotheby’s International Realty’s residential market update for the Greater Park City area for the 3rd Quarter 2016, comparing current year with previous years. 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 16% year over year with 332 units sold and sales volume was up 26%. The average days on market was 74 days representing a 12% reduction year over year. The average sale price was up 9% to $1,141,334 and the average price per sq. ft. was $269.

Greater Park City – Condos – All MLS: The number of condos sold was down 9% year over year with 232 units sold while total sales volume remained consistent at $130 million. The average days on market was 72 days representing a 16% increase year over year. The average sale price was up 11% to $561,918 and the average price per sq. ft. was $334.

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