Wasatch Back Quarterly Market Reports 2018 Q1 Wasatch Back Market Overview | Page 3
PARK CITY PROPER
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, Aerie, Prospector, and Park Meadows.
SINGLE FAMILY HOMES
$
Average and Median Sales Price
0
AVG
MED
AVG
2014
MED
2015
2018
SINGLE FAMILY HOMES
AVERAGE
SALES PRICE
1%
$2,305,766
AVG
MED
2016
AVG
MED
2017
2018
SINGLE FAMILY HOMES
MEDIAN
SALES PRICE
3%
$1,850,000
AVG
MED
0
2018
2018
VACANT LAND
MEDIAN
SALES PRICE
15%
$805,000
AVG
MED
2014
AVG
MED
2015
AVG
MED
2016
2018
CONDOS/TOWN HOMES
AVERAGE
SALES PRICE
MED
2017
MED
2018
2018
CONDOS/TOWN HOMES
MEDIAN
SALES PRICE
2%
$1,157,964
AVG
AVG
200 K
300 K
400 K
600 K
800 K
$535
1 .0 M
359
1 .2 M
1 .4 M
600 K
900 K
1 .2 M
1 .8 M
2. 1 M
1 .5 M
Average and Median Sales Price
1 .6 M
2.4 M
CONDOMINIUMS & TOWN HOMES
K
$
9%
$765,000
*Percentage change compared to the same time previous year, rolling 12 month format. Please note small sample size in some instances.
i
Takeaway: The single family home market in Park City Proper is stable across average and median price, with a 12% increase in
quantity sold. The neighborhoods of Old Town, Park Meadows, Thaynes Canyon, and Lower Deer Valley saw a significant increase
in median single family home sales price over the last 12 months. Additionally, while quantity of condominiums sold remains
consistent, there was a significant increase in quantity sold in Empire Pass. A large increase in median sales price in Park Meadows
indicates scarcity in condominium product in this desirable area. Vacant land sales saw a 39% increase in total quantity sold and a 50%
increase in dollar volume sold.
FIRST QTR
2018
All statistics are based upon Park City Board of Realtors MLS data for the period of 4/1/17 to 3/31/18.
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