Wasatch Back Quarterly Market Reports 2017 Q2 Wasatch Back Market Report | Page 4

PARK CITY LIMITS
The heart of Park City spans from the world-class Deer Valley Resort ® to the iconic white barn , McPolin Farm . Park City Proper includes the neighborhoods : Old Town , Thaynes Canyon , Deer Valley , Aeire , Prospector , and Park Meadows .
$
SINGLE FAMILY HOME Average and Median Sales Price
$
CONDOMINIUM & TOWNHOME Average and Median Sales Price
2.4 M
1.6 M
2 . 1 M 1.8 M 1.5 M 1.2 M 900 K 600 K 300 K 0
57 UNITS $ 1.49 M
$ 1.12 M
ave med Q2 2013
35 UNITS $ 2.19 M
$ 1.80 M
ave med
Q2 2014
48 UNITS $ 2.08 M
$ 1.40 M
ave med Q2 2015
45 UNITS $ 1.98 M
$ 1.57 M
ave med Q2 2016
45 UNITS $ 2.28 M
$ 1.80 M
ave med Q2 2017
1.4 M 1.2 M 1.0 M 800 K 600 K 400 K 200 K
0
82 UNITS $ 729 K $ 497 K
ave
med
Q2 2013
79 UNITS $ 971 K
$ 505 K
ave med Q2 2014
95 UNITS $ 822 K $ 540 K
ave
med
Q2 2015
77 UNITS $ 974 K
$ 750 K
ave med Q2 2016
68 UNITS $ 1.04 M
$ 730 K
ave med Q2 2017
Q2 2017 single family home
Q2 2017 single family home
Q2 2017 vacant land
Q2 2017 condo / townhome
Q2 2017 condo / townhome
AVERAGE SALES PRICE
MEDIAN SALES PRICE
AVERAGE SALES PRICE
AVERAGE SALES PRICE
MEDIAN SALES PRICE

15.37 %

$ 2,286,981

14.29 % 0.70 % 7.20 % 2.67 %

$ 1,800,000 $ 752,250 $ 1,044,816 $ 730,000
* Percentage change compared to the same time previous year i
Takeaway : Throughout Park City Proper the market is stable in quantity of properties sold with a marked increase in price for single family homes compared to this time last year . Notably , the Park Meadows neighborhood saw a 40 % increase in number of single family homes sold and an approximate 20 % increase in median price .
Q2 1 7
All statistics are based upon Park City Board of Realtors MLS data for the period of 4 / 1 / 17 to 6 / 30 / 17 .
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