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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)




Carol on Tacul HIGHLIGHTS

Sales volume has leveled at normal levels; less activity in some significant market areas.


 

OVERVIEW

The Park City real estate market is showing signs of stabilization; a return to normal market activity. June year-over-year sales were up 9%. Median price was down 6.9% from June 2023, but up but 11.9% from May. Our market remains highly fractionated in both supply and demand – Park City and the surrounding region are highly differentiated by style, amenities, recreational access, and transportation. We could write a full term paper on the myriad differences in our regional real estate!


SALES

The number of sales is again stable year-over-year, although somewhat depressed due to mortgage interest rates.


INVENTORY

Inventory is not as thin and troublesome as a few years ago, with 8.6 months of inventory standing at current activity rates. New listings for the month, 279, are an increase of 16.3% from June a year ago.


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. Median and average prices are trending up in all neighborhoods, although some areas are significantly greater, some lower.

 

LOOKING FORWARD

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




Free Park City Statistics Downloads






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