Tag Archives: market trends

April 2017 Greater Park City Real Estate Update

April 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 March 2017. 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 2016 with 647 units on the market and down 0% from the previous month. The median listing price was just under $1,700,000. The average days on market was up 2% from 104 days in 2016 to 106 days in 2017. The median sales price was just under $750,000. The averages for units sold in the month of December increased 9% for units sold year over year and increased 27% decrease month over month with a total of 85 units sold.

Greater Park City Area – Condominiums: Active inventory was down 7% from 2017 with 464 units on the market and down 4% from the previous month. The median listing price was just under $990,000. The average days on market was down 4% from 88 days in 2016 to 106 days in 2017. The median sales price was just under $600,000. The averages for the month of December show a increase of 76% for units sold year over year and up 17% over the previous month with a total of 81 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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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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October 2014 Park City Real Estate Market Update

October 2014 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 October 2014. 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: The averages for units sold in the month of October show an decrease of 10% for units sold during October year over year and the median sales price was just under $650,000. The average days on market was up 70% from 89 days in 2013 to 151 days in 2014. The median listing price was $1,049,000. Active inventory was down 18% from 2013 with 990 units on the market.

Greater Park City Area – Condominiums: The averages for the month of October show a decrease of 5% for units sold year over year and the median sales price was $450,000. The average days on market was up 85% from 2013 to 137 days. The median listing price was just under $740,000. Active inventory was down 18% from 2013 with 390 units on the market.

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