Summit Sotheby's International Realty
Summit Sotheby's International Realty

1750 Park Avenue, PO Box 2370

Park City, UT, United States

Q3 2016 Park City Market Update

1476558582

 

 

I invite you to review Summit Sotheby’s International Realty’s residential market update for the Greater

Park City area for the 3rd Quarter 2016, comparing the current year with previous years. This update also provides market data for Summit County, Wasatch County, 84060, 80498 and individual Park City MLS areas.

Greater Park City – Single Family Homes – All MLS: The number of single-family homes sold was up 16% year over year with 332 units sold and sales volume was up 26%. The average days on market was 74 days representing a 12% reduction year over year. The average sale price was up 9% to $1,141,334 and the average price per sq. ft. was $269.

Greater Park City – Condos – All MLS: The number of condos sold was down 9% year over year with 232 units sold while total sales volume remained consistent at $130 million. The average days on market was 72 days representing a 16% increase year over year. The average sale price was up 11% to $561,918 and the average price per sq. ft. was $334.

Market data provided includes Average List Price, Average Sold Price, Average Monthly Supply of Inventory among others for 25+ distinct Park City market areas and is broken out by Single Family Homes and Condominiums and Vacant Land.

Park City area for the 3rd Quarter 2016, comparing current year with previous years. This update also provides market data for Summit County, Wasatch County, 84060, 80498 and individual Park City MLS areas.

Greater Park City – Single Family Homes – All MLS: The number of single family homes sold was up 16% year over year with 332 units sold and sales volume was up 26%. The average days on market was 74 days representing a 12% reduction year over year. The average sale price was up 9% to $1,141,334 and the average price per sq. ft. was $269.

Greater Park City – Condos – All MLS: The number of condos sold was down 9% year over year with 232 units sold while total sales volume remained consistent at $130 million. The average days on market was 72 days representing a 16% increase year over year. The average sale price was up 11% to $561,918 and the average price per sq. ft. was $334.

Market data provided includes Average List Price, Average Sold Price, Average Monthly Supply of Inventory among others for 25+ distinct Park City market areas and is broken out by Single Family Homes and Condominiums and Vacant Land.

Park City area for the 3rd Quarter 2016, comparing current year with previous years. This update also provides market data for Summit County, Wasatch County, 84060, 80498 and individual Park City MLS areas.

Greater Park City – Single Family Homes – All MLS: The number of single family homes sold was up 16% year over year with 332 units sold and sales volume was up 26%. The average days on market was 74 days representing a 12% reduction year over year. The average sale price was up 9% to $1,141,334 and the average price per sq. ft. was $269.

Greater Park City – Condos – All MLS: The number of condos sold was down 9% year over year with 232 units sold while total sales volume remained consistent at $130 million. The average days on market was 72 days representing a 16% increase year over year. The average sale price was up 11% to $561,918 and the average price per sq. ft. was $334.

 

Please call me at 619-865-3646 for any questions you may have!

Market data provided includes Average List Price, Average Sold Price, Average Monthly Supply of Inventory among others for 25+ distinct Park City market areas and is broken out by Single Family Homes and Condominiums and Vacant Land.