MARKET STATS Q3 2019 GREATER PARK CITY AREA Q3 2019 Market Report | Page 18

SUMMARY CONTINUED…
TAKEAWAY SNYDERVILLE BASIN
Throughout Snyderville Basin, single family home sales continue to be stable
with only a moderate increase in average and median prices. Sun Peak and
Bear Hollow experienced a 27% increase in median sales price albeit a
minor decrease in total home sales in that area. Pinebrook and Summit Park
continue with strong activity and Pinebrook saw a 24% increase in median
sales price. Promontory home sales were up 17% with median prices 7%
lower as we saw more of the cabin products selling in Q3.
Townhomes in Canyons Village increased by 60% in the past 12 months due
to attractive resales opportunities and increases in new construction. Lot
sales have decreased by 34% throughout the basin.
Glenwild land sales are down 39% (scarcity). Promontory Land Sales are also
down 32% (56 lots sold in Q3 2019 versus 83 in Q3 2018) with median
prices for lots in Promontory up 17%.