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. © 2019 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.