Park City & Deer Valley Real Estate News

Park City is a great place to live and do work. People love the mountain life where the mentality is ‘work hard, play hard.’ Here in PC, work-life balance isn’t a goal, it’s a given.

Most Parkites engage in some version of the following scenario: bike up a mountain before heading in for a morning product development meeting; then get in a gym session at lunch. There is a feeling of both accomplishment and empowerment that easily transitions from the play side of life to the work side of life, and those feelings enable business-people to feel like they can conquer the challenges that may lie ahead.

A huge advantage that local businesses have is a close proximity to the ‘silicon slopes’ of Salt Lake City, a hub of technological innovation. Another great

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Park City Midyear Market Report - 2016

This comprehensive bi-annual report is designed to give an overview of Summit and Wasatch County real estate. We think our clients should have access to information that facilitates thoughtful real estate decisions. All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/16 to 7/1/16.

The Park City Market remains highly segmented. Our town, its neighborhoods, and outlying areas differ significantly in terms of price, home type, and lifestyle. For example, Heber Valley’s real estate options span historic homes to expansive ranch properties. Data interpretation, judgment, and historical context are key elements to making informed decisions: Contact your local BHHS Utah agent for

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Park City, Utah 2016 First Quarter Market Statistics

Park City, Utah - May 3, 2016

Overview

Property prices continue to rise at a sustainable rate throughout Summit and Wasatch Counties
Statistics reported by the Park City Board of REALTORS®, at the close of the first quarter of 2016, indicated a steady annual increase of 6% in the median sales price for single family homes, condominiums, and vacant lots in Summit and Wasatch Counties. Specifically in the Single Family Home sector, prices have edged back up to where they were in 2007 but have not reached the market highs of 2008.

Single Family Home Sales

Though the number of Single Family Home sales was down 12% within the Park City Limits (84060) and 4% in the Snyderville Basin (84098), the

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Park City Real Estate Market Report - Year End 2015

This comprehensive year-end market report is designed to give an overview of Summit and Wasatch County real estate. We feel that our clients should have access to information that facilitates thoughtful real estate decisions. All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/15 to 1/1/16.

The Park City market remains highly segmented. Our town, its neighborhoods, and outlying areas differ significantly in terms of price, home type, and features and amenities. For example, while Deer Valley and Prospector share the same zip code, average single family home prices in these two neighborhoods differ dramatically. Data interpretation, judgment, and historical

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Park City Board of Realtors Market Update

Park City, Utah - January 26, 2016

Deer Crest Ski Home

Summit and Wasatch County property prices rise at a steady market pace in 2015

At the end of the fourth quarter of 2015, the year-end statistics reported by the Park City Board of REALTORS® indicated a slow but consistent annual increase in both the number of closed sales and the median sales price for single family homes, condominiums and vacant lots in Summit and Wasatch Counties. The total dollar volume for 2015 was up 10% over 2014, reaching $1.85 billion, with single family homes sales accounting for the highest dollar volume by property type.

Single Family Home Sales

Within the City Limits (84060), the median sales price of a single family home was 17%

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