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Park City Single Family Home Sales Q2 2019 Real Estate Market Update

Posted by Kathryn Vallee on Wednesday, August 21st, 2019 at 10:06am.

Press Release

August 21, 2019

The Park City Board of REALTORS® Multiple Listing Service just release the second quarter of 2019 housing statistics. The data is a year-over-year stat pulled from the Summit and Wasatch Counties. Overall, the area continues to show strong appreciation numbers with an in crease in both average and median sales price and this includes the dollar volume.

Single Family homes

Greater Park City area: When comparing the median sales price to last years there was an increase of 13% increase. The home price change in the Top 10 states were relatively flat.

Old Town: When comparing the median sales price from 2018 we saw an increase of 9% to $1.73m. The number of sales dropped by 19% over last year mainly due to lack of inventory in this historic district.

Prospector Square: When comparing the median sales price from 2018 we saw an increase of 14% to $1.15m.

Upper Deer Valley: The number of sales doubled in this beautiful area due to new construction closings. The new construction sales at 11% pushed the median price to $4.6m.

Snyderville Basin: We saw an increase of 10% in median sales price to $1.25m. 

Jeremy Ranch: The median sales price increased to just over a $1m.

Promontory: We saw the greatest number of sales in this area with a total of 70, the median sales price increased to just under $2m. 

 

Did you know? 

We offer far more than just a pretty Park City real estate website! We can provide you COMPLETE market evaluations for your home, take you on a VIRTUAL walkthrough of any property, and even offer assistance with special circumstances (divorce, estates & probate, 1031 tax exchanges, trusts and other more complicated real estate transactions) where needed. We have the experience to make your real estate vision a reality. Call us today for a consultation. We are happy to assist you!

 

How Much is Your Home Worth??

Whether you are thinking of selling now or some point in the future, you can ALWAYS check your homes value with us! We prepare a professional market analysis with no cost or obligation to any home or condo owner in the Park City area. Automated Valuation tools are notoriously innaccurate in our area. Let us provide you with the information you need!

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