Park City Q4 Real Estate Market Report
Park City Single Family Homes:
Soon Park City will be in the peak of homes entering into the market place. Our home selling season peaks between May and October with the inventory of homes available starts to shrink from mid- summer until early spring the following year. Last year the number of homes for sale decreased from a peak of 2,347 in June and this year will be no different. Inventory will be tight.
The median price for a home in Old Town increased 17% to $1.83M.
The median price for a home in Park Meadows had an average price increase of 4% to just over $2.25M.
The median price increased 8% to just over $1.7M.