Carol Agle

435-647-8085 | 800-373-0852
Latest News & Statistics from Carol Agle
Chairman, Statistics Committee Park City / Deer Valley
  • Median price of a Single Family Home in the Park City limits is $1,630,000, up 18% in a year.
  • Median price of a home in the greater Park City area, outside the city limits is $975,000, up 11% in a year.
  • Median condominium price in Park City is $650,000, up 16% in a year.
  • Market remains highly segmented, with micromarkets of high value still existing. Click Here to Go to My Statistics Page
I Invite You to Search All Properties in the Park City Area
Photo ShortlyHideout Canyon - Big Views / Jordanelle
1135 Lasso Trail
Bedrooms: 6
Price: $1,370,000
MLS 11703430  More Info

Photo ShortlyPromontory - Superior Cabin
3319 Tatanka Trail
Bedrooms: 6
Price: $2,695,000
MLS 11703435  More Info

Photo ShortlyLight-Filled Northshore Home
5194 Heather Lane
Bedrooms: 4
Price: $790,000
MLS 11703222  More Info

Photo ShortlyLovely, Comfortable Park Meadows Home
2435 Meadows Drive
Bedrooms: 5
Price: $2,575,000
MLS 11702966  More Info

Photo ShortlyPromontory - Views! New!
2705 Westiview Trail
Bedrooms: 5
Price: $2,295,000
MLS 11703210  More Info

Photo ShortlyMountainside - Walk to Ski Resort
1382 Empire Ave
Bedrooms: 4
Price: $1,849,000
MLS 11702545  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. Prices in our market generally fell for four years, with many parts of our market down 40-50% from the peak. In the last five years, prices have trended back up -- we are now approaching pre-recession valuations. However, the market remains unusually complex and segmented.

LOOKING FORWARD
Valuations vary widely across property types and locations. I expect this complexity to continue, in an otherwise basic upward trend. An additional emerging trend which I expect to continue is robust interest in areas outside Park City proper, such as Kimball Junction, Kamas, Heber City, and Midway.

FREE DOWNLOADS:
Park City Board of Realtors - Current Statistics Press Release PDF - Click Here
Park City Board of Realtors - Statistics Trends Charts PDF - Click Here


PARK CITY / DEER VALLEY REAL ESTATE - STATISTICS - 1999-2016

Total Number of Sales

Total Dollar Volume

Median Price

© 2017; Carol Agle