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 continued to climb in 2015 with stabilizing prices. Lower priced areas have seen robust activity, reducing inventory significantly. ... 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 ShortlyFacing Deer Valley
1440 Seasons Drive
Bedrooms: 5
Price: $1,748,000
MLS 11603536  More Info

Photo ShortlyEagle Pointe New Construction
3315 Meadows Drive
Bedrooms: 5
Price: $5,960,000
MLS 11502984  More Info

Photo ShortlyUpper Deer Valley
Ridgepoint 123
Bedrooms: 3
Price: $748,000
MLS 11600085  More Info

Photo ShortlyFour Lakes - Golf Townhome
2804 Four Lakes Drive
Bedrooms: 3
Price: $1,640,000
MLS 11602429  More Info

Photo ShortlyModern Design at Snow Park
715 Mellow Mountain Drive
Bedrooms: 4
Price: $3,998,250
MLS 11604048  More Info

Photo ShortlyPromontory - Modern Elegance
8070 West Hills
Bedrooms: 5
Price: $2,310,000
MLS 11503852  More Info

Photo ShortlyHeber Valley Horse Property
996 Sage Creek Court
Bedrooms: 5
Price: $865,000
MLS 11502691  More Info

Photo ShortlyGlenwild - Golf Community
7994 Glenwild Drive
Bedrooms: 4
Price: $1,699,000
MLS 11602710  More Info

Photo ShortlySignificant Oakley Residence
425 Boulderville Road
Bedrooms: 7
Price: $7,295,000
MLS 11504452  More Info

Photo Shortly
3236 Oakwood Drive
Bedrooms: 6
Price: $3,870,000
MLS 11603826  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 2014 with a 26% increase over 2013 in all property types combined, reaching 1,668 transactions in Q3 alone. (ALL of 2013 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
Carol's market commentary (this page) in PDF: Click Here
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