Wasatch Back Quarterly Market Reports 2017 Year End Wasatch Back Market Overview

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 med avg 2013 med 2014 2017 single family homes AVERAGE SALES PRICE 5% $2,389,787 avg med 2015 avg med 2016 2017 single family homes MEDIAN SALES PRICE 19% $1,900,000 avg med 0 2017 2017 vacant land MEDIAN avg med 2014 med avg 2015 2017 condos/town homes SALES PRICE 21% 10% med avg 2016 med 2017 2017 condos/town homes AVERAGE SALES PRICE $820,000 avg avg 2013 avg med 200 K 400 K 600 K 800 K 366 1 .0 M 1 .2 M $532 1 .4 M Average and Median Sales Price 1 .6 M 300 K 0 CONDOMINIUMS & TOWN HOMES K 600 K 900 K 1 .2 M 1 .5 M 1 .8 M 2. 1 M 2.4 M $ $1,173,373 MEDIAN SALES PRICE 7% $721,000 *Percentage change compared to the same time previous year. Please note small sample size in some instances. i Takeaway: Single family home sales in Park Meadows, Prospector, Thaynes Canyon, and Lower Deer Valley saw significant increases in median sales prices from 2016 to 2017. This indicates that more people are discovering Park City as a place to relocate their families and businesses; and some buyers who originally desired ski-in/ski-out property have decided to call these neighborhoods home. Additionally, condominiums in Park Meadows are proving to be extremely attractive options for residential and second home buyers with an increase of 86% in median sales price due to limited inventory. YEAR END 2017 All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/17 to 12/31/17. © 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.

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