Carol Agle

435-647-8085 | 800-373-0852
Latest News & Statistics from Carol Agle
Chairman, Statistics Committee Park City / Deer Valley
  • The number of sales has continued Statistics reported by the Park City Board of REALTORS® at the close of the third quarter show the median sales price for single family homes, condominiums, and vacant lots in the Greater Park City area have increased at a rate of 7.5% annually since 2012 and ... Read More
  • I do expect the market to remain very complex and segmented, so results will vary widely across property types and locations ... Read More
I Invite You to Search All Properties in the Park City Area
Photo ShortlyEagle Pointe - Big View!
3236 Meadows Drive
Bedrooms: 5
Price: $3,580,000
MLS 11604404  More Info

Photo ShortlyStunning New Construction in Deer Crest
3428 Snowtop Court
Bedrooms: 4
Price: $5,950,000
MLS 116005921  More Info

Photo ShortlySki in/out Above Canyons Village
APEX Residences
Bedrooms: 3-5
Price: $1,675,000+
MLS 1160nnnn  More Info

Photo ShortlyHome Just Steps to Ski Resort
1279 Empire Ave
Bedrooms: 4
Price: $1,480,000
MLS 11600591  More Info

Photo ShortlyHillside Home Close to Skiing
2406 Morning Start Court
Bedrooms: 5
Price: $4,380,000
MLS 11605611  More Info

Photo ShortlyColony Elegance - Ski Access
71 White Pine Canyon
Bedrooms: 6
Price: $8,250,000
MLS 11502263  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 has continued to climb in 2016, accompanied by general price increases in the range of 6%. Q3 was the best third quarter in the last ten years, indicating a clear end to the years of distress.

INVENTORY
With 1,154 active listings on the market (October 1, 2016), at current activity level the absorption rate is down to 6.6 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.

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 DOWNLOAD:
Park City Board of Realtors latest statistics press release PDF: Click Here


PARK CITY / DEER VALLEY REAL ESTATE - STATISTICS - 1999-2015

Number of Transactions

Total Dollar Volume

Median Price

© 2016; Carol Agle