The Park City Board of REALTORS® 2017 year-end summary report shows the overall real estate market in both Summit and Wasatch Counties to be steady, healthy, and growing sustainably. With 84% of single-family home sales in 2017 occurring outside of Park City limits, it is clear that primary home buyers in Utah are looking more and more to the Wasatch Back, which continues to be a competitive market. Todd Anderson, President of the Park City Board of REALTORS® says, “These growth rates are highly sustainable. We believe the real estate market in Summit and Wasatch Counties is balanced between buyers and sellers. That being said, the market could always use more inventory.”
Year-Over-Year Single Family Home Sales
Within Park City limits, sales increased by 13% and the median sale price increased by 12%.
- Old Town sales increased 30%.
- Park Meadows median sale price increased 13%.
- Prospector sales increased 30% and median sale price increased 6%.
In the Snyderville Basin, sales increased by 7%.
- The Canyons area had sales increase 13%.
- Silver Springs median sale price increased 6%.
- Pinebrook median sale price increased 7%.
- Jeremy Ranch sales increased 25% with a 5% increase in median sale price.
- Promontory sales increased 20%.
Other areas in both Summit and Wasatch Counties also saw increased sales and rising median sale prices.
- Heber Valley median sale price increased 15%.
- Jordanelle sales increased 66%.
- Kamas Valley sales increased 4%.
- Oakley and Weber Canyon sales increased 14%.
Year-Over-Year Condominium Sales
Sales inside Park City limits increased by 14%, while the median sale price in the Snyderville Basin increased by 6%.
- Old Town sales increased 19%.
- Lower Deer Valley sales increased 18%.
- Kimball sales increased 3% with a median sale price increase of 33%.
- Pinebrook median sale price increased 10%.