- 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
|Eagle Pointe - Big View!3236 Meadows Drive|
MLS 11604404 More Info
|Stunning New Construction in Deer Crest3428 Snowtop Court|
MLS 116005921 More Info
|Ski in/out Above Canyons VillageAPEX Residences|
MLS 1160nnnn More Info
|Home Just Steps to Ski Resort1279 Empire Ave|
MLS 11600591 More Info
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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.
HIGHLIGHTS: Inventory the lowest it has been in over six years.
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.
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!
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.
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.
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