Wasatch Back Quarterly Market Reports 2017 Q3 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 HOME $ Average and Median Sales Price med ave AVERAGE SALES PRICE 11% $2,343,109 med ave med Q3 2015 ave med Q3 2016 Q3 2017 single family home MEDIAN SALES PRICE 13% $2,030,000 ave med 0 Q3 2017 Q3 2017 vacant land MEDIAN ave med Q3 2013 ave med Q3 2014 ave med Q3 2015 Q3 2017 condo/townhome AVERAGE med MEDIAN SALES PRICE SALES PRICE 28% 71% 43% $1,080,407 med Q3 2017 Q3 2017 condo/townhome SALES PRICE $777,000 ave ave Q3 2016 400 K $625 600 K UNITS 800 K 200 K Q3 2014 Q3 2017 single family home 1 .0 M ave Q3 2013 1 .2 M 0 1 .4 M 300 K 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 CONDOMINIUM & TOWNHOME K $ $749,000 *Percentage change compared to the same time previous year. Please note small sample size. i Park City Proper saw an increase in the number of higher-end condominiums sold in Old Town and Empire Pass which increased average and median sales prices compared to the third quarter of 2016. Takeaway: Throughout Park City Proper, there’s been an increase of approximately 27% in the number of single family homes sold and an approximate increase of 40% in the number of condominiums sold compared to this time last year. Notably, there was a significant increase in the number of single family homes sold in Old Town, condominiums in Prospector, and a 5x increase in number of condominiums sold in Deer Valley. Specifically, Park City Proper saw an increase in condominiums sold over $2 million in Old Town and Empire Pass which increased average and median sales prices compared to the third quarter of 2016. Park City Proper continues to be a desirable and competitive market across all property types. Q3 17 All statistics are based upon Park City Board of Realtors MLS data for the period of 7/1/17 to 9/30/17. © 2017 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.