2018 First Quarter Park City Real Estate Market Update

Posted by Tim Gaebe on Tuesday, April 17th, 2018 at 4:45pm.

The 2018 First Quarter Park City Market Overview 

Park City Real Estate Market Update

This comprehensive first quarter report provides an overview of the Summit and Wasatch County real estate market. The Park City market remains highly segmented.  Park City, its neighborhoods, and outlying areas differ significantly in terms of price, home type, features and amenities.  

Vail Resorts continued their commitment to Park City Mountain, focusing on upgrades throughout Canyons Village and Deer Valley Resort obtained the #1 Ski Resort ranking again by Ski Magazine.    We believe these factors, along with the amount of Park City New Developments, will continue to drive our real estate market.  New Developments continue to provide unique opportunities for new home or first-time buyers, especially in the popular areas at Jordanelle. The Canyons Village has seen the most growth in new developments, including ApexThe LiftViridian, Yotel and more. View the CANYONS RESORT MASTER PLAN and see the transformation.  

 Park City Real Estate Market Update

The single family home market in Park City Proper is stable across average and median price, with a 12% increase in quantity sold.  The neighborhoods of Old Town, Park Meadows, Thaynes Canyon and Lower Deer Valley saw a significant in sales overs the last 12 months.  A large increase in Park Meadows indicate scarcity in condominium product in this very desirable area.  Read the full report. 

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View the complete online version at:  https://joom.ag/YbJY

 

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