Park City, Utah real estate market news and information.

Park City & Wasatch Back Market Report - Q2 2023

2nd Quarter 2023 Park City Market Report

Park City Real Estate
2023 | Q2

In 2023, second quarter sales totals for single family homes in Summit and Wasatch counties were 13% higher than in first quarter, with unit sales climbing 22%. Sales prices are a different story. The median home sale price in the PCMLS primary market area dropped from $1.66 million in Q1 to $1.59 million, a decline of 4%.

The market volatility experienced during, and immediately following, the Covid crisis has abated considerably. The Park City real estate market is reflecting trends seen elsewhere in the country, as business returns to a more “normal” seasonal pattern.

  • Listing inventory is rising - At the end of Q2 - 2022 only 858 residential properties…

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Park City MLS Monthly Activity Report - July 2023

Park City MLS Monthly Activity Report July 2023

Above numbers compared to the same period prior year.

Park City MLS Activity Report

New Listings: New listings, which were being added to the system at a rate of around 200 per month for the past few months, jumped to over 300 in May and to 359 new additions in June. That number slid back to the May level in July (307). Pending Listings: One of the reasons that inventory has grown is because agents are writing far fewer contracts than they are listing new properties. 307 New listings were added in July, while only 200 contracts were written, making for a net gain in inventory of over 100 homes.

Closed Sales: 2022 showed a return to almost the same sales pace as we saw in pre-Covid 2019.…

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Tiger Woods Announces New Golf Course at Marcella Resort in Park City, Utah.

Marcella Club is honored to partner with 82-time PGA TOUR winner, Tiger Woods and his golf course design firm TGR Design, for their first mountain course design. Progress has already begun on the course and when it is complete, the Marcella golf experience will be unparalleled as it traverses valleys, beautiful groves of trees, and a ridge line that offers some of the most dramatic views of any golf course in the world. The partnership between Marcella and TGR Design is one based on a love of golf and dedication to creating an experience that is both challenging and fun for golfers of all abilities.

Photo Courtesy of: TGRdesign.tigerwoods.com

Marcella Club is a…

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Park City Real Estate News - January 2021

 
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Park City MLS • Park City • Deer Valley  •  Canyons •  Ski • Golf

 

REAL ESTATE

Introducing New for 2021: Benloch Ranch, Park City. A Modern Mountain Lifestyle Community.

Thoughtfully designed amidst rolling ranch land, protected forest and some of the West’s most distinguished mountain communities, Benloch Ranch is an…

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Engel & Völkers Park City Update

We hope everyone is staying safe and healthy.

At Engel & Völkers we are continuing to work hard in order to provide our clients with unparalleled service during this time. 

Call Linda or Jason with any questions you might have about the Park City real estate market.

Linda Sailer, Broker Associate  
+1 435.640.4816 | lsailer@utahskiproperties.com

Jason Racicot, Real Estate Advisor
+1 435.602.9294 | jr@utahskiproperties.com

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Dear Valued Engel & Völkers Clients and Friends,

I would like to take this opportunity in our current environment to provide an update on the steps we are taking as a corporate community to be proactive. In this challenging time as we battle Covid-19 it is important for us not to panic or overreact, but instead be smart thinking and aware of our environment. We are implementing and following the guidelines we have been provided by the CDC and other reputable health organizations, which include frequently washing our hands, avoiding crowded areas and events, and staying at home if we do not feel well. Should we have any of the symptoms to immediately call our health care providers for advice.

We would like you to know that we are taking steps at…

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Park City Year End Market Report - 2019

At the end of the fourth quarter of 2019, the overall year-over-year housing statistics for Summit and Wasatch Counties continued to show strong appreciation with increases in both average and median sale price as well as dollar volume. The greater Park City market in general continues to show great stability in single family homes. The number of homes sold increased 4% with the median sale price rising 12% year over year. During the same period in 2018, the median sale price gained 7% indicating a sustained period of steady, consistent growth.



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