Park City Real Estate Statistics / Trends
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 (Email)
Sales volume is setting historic records. Inventory is at an all-time low.
- • First quarter market data shows a continuing frenzy of buying.
- • Gated communities, such as Promontory, show continued robust sales in number of homes sold.
- • Homes priced below median typically sell in a quarter of the time of a house priced above median.
- • Median prices in city limits are stable, compared to other areas.
The number of sales is diminishing year-over-year due to a comparitive frenzy of buying last year, and now also due to very lowe inventory. No one wants to leave Park City!
Inventory has recently set new record lows.
The median price for all property types is rising, but the point to make on current market valuations is that they are highly segmented. Median and average prices are trending up in all neighborhoods, although some areas are significantly greater, some lower.
A significant trend is an increase in the premium paid for new construction, as building supply prices continue to skyrocket.
Valuations vary widely across property types and locations. The Park City / Deer Valley market remains unusually complex and segmented. I expect this complexity to continue, in an otherwise 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.
Park City Real Estate Statistics / Data
Latest Graphs of the three primary statistical indices of market trend. These provide an overview of the entire Park City region. For a complete, detailed set of statistics graphs, Click Here. (Opens a readable/downloadable PDF in a separate window.)
Total Number of Sales - Includes ALL properties (Homes, Condos, Lots) in the Park City Area
Total Dollar Volume - Aggregate Real Estate Transactions, Entire Park City Region
Average Price - The Whole Enchilada! -- Average of Every Transaction in the Park City Region