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. © 2018 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed.