Wasatch Back Quarterly Market Reports 2018 Year End Wasatch Back Market Report | 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
200 K
avg
med
avg
2014
med
2015
2018
single family homes
AVERAGE
avg
med
2016
avg
med
2017
2018
single family homes
MEDIAN
SALES PRICE SALES PRICE
13% 10%
$2,688,943
$2,085,500
avg
med
0
2018
2018
vacant land
AVERAGE
SALES PRICE
1%
$1,156,776
avg
med
2014
avg
med
2015
avg
2018
condos/town homes
AVERAGE
SALES PRICE
16%
$1,357,363
med
2017
avg
avg
med
2016
400 K
600 K
800 K
1 .0 M
$590
1 .2 M
324
1 .4 M
1 .6 M
300 K
0
Average and Median Sales Price
600 K
CONDOMINIUMS & TOWN HOMES
$904
900 K
1 .2 M
1 .5 M
1 .8 M
2. 1 M
2.4 M
$
med
2018
2018
condos/town homes
MEDIAN
SALES PRICE
23%
$886,250
*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 has seen a moderate increase in
average and median sales price over the last 12 months, likely due to increased scarcity in the area. As the
median home price in Park City proper crests $2 Million, second homeowners are moving into historically
primary residence markets to find more affordable options.
YEAR END
2018
All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/18 to 12/31/18.
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