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 2014 with a 26% increase over 2013 in all property types combined, reaching 1,668 transactions in Q3 alone. .. 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 ShortlyGreat Old Town Home
55 King Road
Bedrooms: 4
Price: $3,360,000
MLS 11500541  More Info

Photo ShortlySki/Golf Condominium
Three Kings #6
Bedrooms: 2
Price: $568,000
MLS 11500960  More Info

Photo ShortlyFairway Hills Home
2574 Silver Cloud Court
Bedrooms: 6
Price: $4,789,000
MLS 11405154  More Info

Photo ShortlyGlenwild Home
7994 Glenwild Drive
Bedrooms: 3
Price: $1,886,000
MLS 9997571  More Info

Photo ShortlyColony Elegance

Bedrooms:
Price:
MLS   More Info

Photo ShortlyColony New Construction
240 White Pine Canyon
Bedrooms: 4-5
Price: $6,895,000
MLS 11403070  More Info

Photo ShortlyApril Mountain - Views of Deer Valley
1420 Seasons Drive
Bedrooms: 5
Price: $1,635,000
MLS 11403278  More Info

Photo ShortlyHigh Above Thaynes Canyon
2348 Morning Star Court
Bedrooms: 5
Price: $3,150,000
MLS 9998640  More Info

Photo ShortlyCentral PC Condo
Silvertown #417
Bedrooms: 4
Price: $479,000
MLS 11400322  More Info

Photo ShortlyShort Sale in Park Meadows
2550 Creek Drive
Bedrooms: 4
Price: $1,086,000
MLS 11400156  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 - 1999-2014

Number of Transactions

Total Dollar Volume

IAverage Price

© 2014; Carol Agle