Wasatch Back Quarterly Market Reports 2018 Q2 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
avg
med
2015
2018
single family homes
AVERAGE
SALES PRICE
5%
$2,480,423
avg
med
2016
avg
med
2017
2018
single family homes
MEDIAN
SALES PRICE
2%
$1,930,000
avg
med
0
2018
2018
vacant land
MEDIAN
SALES PRICE
15%
$820,000
avg
med
2014
avg
med
2015
avg
med avg med
2016
2018
condos/town homes
AVERAGE
SALES PRICE
6%
$1,277,638
2017
med
2014
avg
200 K
400 K
600 K
800 K
$545
1 .0 M
375
1 .2 M
1 .4 M
Average and Median Sales Price
1 .6 M
300 K
0
CONDOMINIUMS & TOWN HOMES
$834
600 K
900 K
1 .2 M
1 .5 M
1 .8 M
2. 1 M
2.4 M
$
avg med
2018
2018
condos/town homes
MEDIAN
SALES PRICE
15%
$787,500
*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 throughout Park City proper is stable across average and median prices over the last 12 months.
The neighborhoods of Old Town and Thaynes Canyon saw a significant increase in quantity of properties sold whereas Prospector saw a
significant increase in average sales price over the last 12 months. Additionally, while quantity of condominiums sold remains consistent,
there was a significant increase in median sales price in the neighborhoods of Park Meadows and Prospector likely due to added value
from updates and remodels. Lastly, there was a significant increase in the number of condominiums sold in Empire Pass from an average
of 1 per month to approximately 5 per month possibly due to the new ownership of Talisker and increased interest in the area.
Q2
18
All statistics are based upon Park City Board of Realtors MLS data for the period of 7/1/17 to 6/30/18.
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