Carol Agle

435-647-8085 | 800-373-0852
Latest News & Statistics from Carol Agle
Chairman, Statistics Committee Park City / Deer Valley
  • Total number of sales up 11% compared to this date last year: highest number of first quarter sales since 2007. Total sales volume up 11% compared to last year. .. Read More
  • Market is highly segmented. Primary homes under $800,000 within the Park City school district are seeing multiple offers. Buyers value top condition, ... Read More
I Invite You to Search All Properties in the Park City Area
Photo ShortlyDeer Valley (Oaks) Home
3335 Sun Ridge
Bedrooms: 5
Price: $1,575,000
MLS 11400711  More Info

Photo ShortlyApril Mountain - Views of Deer Valley
1420 Seasons Drive
Bedrooms: 5
Price: $1,760,000
MLS 11403278  More Info

Photo ShortlyGlenwild Home
7994 Glenwild Drive
Bedrooms: 3
Price: $1,920,000
MLS 9997571  More Info

Photo ShortlyHidden Meadows - Views
29 Hidden Court
Bedrooms: 5
Price: $3,000,000
MLS 11403978  More Info

Photo ShortlyHigh Above Thaynes Canyon
2348 Morning Star Court
Bedrooms: 5
Price: $3,150,000
MLS 9998640  More Info

Photo ShortlyNew Home Between PC and DV
1430 Wild Rose Court
Bedrooms: 5
Price: $4,890,000
MLS 11401526  More Info

Photo ShortlyColony New Construction
240 White Pine Canyon
Bedrooms: 4-5
Price: $6,495,000
MLS 11403070  More Info

Photo ShortlyColony Residence - Incredible Design
177 White Pine Canyon Road
Bedrooms: 5
Price: $5,920.000
MLS 11400250  More Info

Photo ShortlyAspen Creek - Colony
2220 Creek Crossing
Bedrooms: 5
Price: $2,550,000
MLS 11403626  More Info

Photo ShortlyUpper Colony Home
125 White Pine Canyon
Bedrooms: 5
Price: $5,920,000
MLS 11403190  More Info

Park City Real Estate - Market Statistics

Carol is Chair of the Park City Board of Realtors Statistics Committee.  Statistics are issued quarterly.  To receive Statistics Committee updates – Click Here to Sign Up.


Carol on Tacul HIGHLIGHTS: Inventory the lowest it has been in over six years.

SALES
The number of sales continued to climb in 2013 with a 26% increase over 2012 in all property types combined, reaching 1,668 transactions in Q3 alone. (ALL of 2012 was 1,817 total transactions!) Q3 sales were the greatest quarterly volume since 2007.

INVENTORY
With 1,160 active listings on the market, at current activity level the absorption rate is down to 5.7 months. Compare this to ~60 months back in 2009!

PRICING
The median price for all property types is rising, but the point to make on current market valuations is that they are highly segmented. Some areas are continuing to see price declines. By price point, there is greater strength at the lower valuations, showing a fairly strong variation at a "break point" around $700,000. Median and average prices are trending up in most neighborhoods. The single family home areas with homes under $700,000 have seen rapid appreciation, but some other neighborhoods see no appreciation or even a continuing value decline, despite the almost frenzied buying of the latest quarter.

DISTRESSED SALES
Short sales and bank owned properties continue to decline, so that they are far less of a factor in our market than in previous quarters. As reported by Rick J. Klein, Wells Fargo Private Mortgage Banker, only 1.17% of active listings are now short sales or bank-owned.

LOOKING FORWARD
Prices in our market have generally been falling for four years, with many parts of our market 40-50% below where prices were at the peak. We are still well below the premium valuations pre-recession, but vigorously starting back up. I do expect the market to remain very complex and segmented, so results will vary widely across property types and locations.

FREE DOWNLOADS
This (Carol's) market commentary in PDF: Click Here
Current PC Board of Realtors statistics press release PDF: Click Here


PARK CITY / DEER VALLEY REAL ESTATE - STATISTICS

In Units

In Total Dollars

In Median Dollars

© 2014; Carol Agle