2016 Year End Market Report - Park City, Utah Real Estate 2016 Year-End Market Report | Page 3

PARK CITY COMMUNITY OVERVIEW

8,000

Acres of Open Space in Park City

400

Miles of Trails

22 ° to 33 ° Average Winter Temperature Range ( fahrenheit )

350 ”

Annual Average Resort Snowfall

1.8M

Season Skier Days highest %

Summit County Boasts the Highest % of Civilian Volunteers in the Country

7,000 ’

Park City Main Street Elevation

1963

The Year Treasure Mountain Resort Opened , Park City ’ s First Ski Resort

$ 12 K

Spending Per Student in Park City and Surrounding areas
CONDOMINIUMS
There were large increases in condominium sales in the neighborhoods around Canyons Village and Jordanelle . The number of condominium sales in Jordanelle jumped 23 % over last year . Similarly , Canyons Village condo sales increased by an astounding 42 %. In and around the resorts , there was a high demand for contemporary , luxury condos .
DEVELOPMENTS
Several luxury lifestyle developments saw unprecedented success over the last year . The success of Stein Eriksen Residences , Apex Residences and One Empire , were strong indicators of buyer interest for modern resort product . Similarly , The Colony and Promontory experienced consistently high sales volume and activity . Consumers seem attracted to projects with engaging amenities and lifestyle offerings .