Wasatch Back Quarterly Market Reports 2019 Q1 Wasatch Back Market Report | Page 3

PARK CITY LIMITS
The heart of Park City spans from the world-class Deer Valley® Resort to the iconic white barn at the McPolin Farm. Park City
Proper includes the neighborhoods: Old Town, Thaynes Canyon, Deer Valley, Aerie, Prospector, and Park Meadows.
0
avg
med
avg
2015
med
2019
single family homes
AVERAGE
24%
$2,841,833
400 K
avg
med
2017
avg
med
2018
2019
single family homes
MEDIAN
SALES PRICE
16%
$2,140,000
avg
med
0
2019
2019
vacant land
AVERAGE
SALES PRICE
23%
$1,267,732
avg
med
2015
avg
med
2016
avg med
2017
2019
condos/town homes
AVERAGE
SALES PRICE
10%
$1,275,625
avg
med
2018
avg
600 K
800 K
1 .0 M
200 K
2016
SALES PRICE
1 .2 M
400 K
800 K
1 .2 M
1 .6 M
2.0 M
2.4 M
1 .4 M
2. 8 M
Average and Median Sales Price
$578
1 .6 M
3.2 M
CONDOMINIUMS & TOWN HOMES
298
$
Average and Median Sales Price
SINGLE FAMILY HOMES
$916
$
med
2019
2019
condos/town homes
MEDIAN
SALES PRICE
13%
$865,000
*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 and vacant land market throughout Park City proper has seen a moderate increase in average
and median sales price, likely due to scarcity in the area. However, Upper Deer Valley saw a notable increase in the number of
single family homes and condominiums sold over the last 12 months.
FIRST QTR
2019
All statistics are based upon Park City Board of Realtors MLS data for the period of 4/1/18 to 3/31/19.
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