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 to climb in 2016, accompanied by general price increases in the range of 6%. Q3 was ... 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 ShortlySignificant Oakley Residence
425 Boulderville Road
Bedrooms: 7
Price: $7,295,000
MLS 11604531  More Info

Photo ShortlyColony Elegance - Ski Access
71 White Pine Canyon
Bedrooms: 6
Price: $8,250,000
MLS 11502263  More Info

Photo ShortlyEagle Pointe - Big View!
3236 Meadows Drive
Bedrooms: 5
Price: $3,760,000
MLS 11604404  More Info

Photo ShortlyGlenwild - Golf Community
7994 Glenwild Drive
Bedrooms: 4
Price: $1,650,000
MLS 11602710  More Info

Photo ShortlyGlenwild Modern
1383 Snowberry Drive
Bedrooms: 4
Price: $3,650,000
MLS 11604041  More Info

Photo ShortlyFour Lakes - Golf Townhome
2804 Four Lakes Drive
Bedrooms: 3
Price: $1,500,000
MLS 11602429  More Info

Photo ShortlyModern Design in Old Town
1185 Empire Ave
Bedrooms: 4
Price: $2,670,000
MLS 11604930  More Info

Photo ShortlyHillside home in lower Deer Valley
2221 Solamere Drive
Bedrooms: 4
Price: $2,380,000
MLS 11604776  More Info

Photo ShortlyPark Meadows Golf Course Home
2710 Broken Spoke Way
Bedrooms: 5
Price: $1,825,000
MLS 11600631  More Info

Photo ShortlyUpper Deer Valley
Ridgepoint 123
Bedrooms: 3
Price: $698,000
MLS 11600085  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