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.
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