FIRST QUARTER 2017 – REAL ESTATE MARKET UPDATE

FIRST QUARTER 2017 – REAL ESTATE MARKET UPDATE

The single family home segment is strong with total closed volume up 39%, and the number of transactions up 23%. In Park City proper, properties that are priced below $2M move quickly and are not on the market for long. Each area of our market is very unique. Here are average single-family sales prices in popular areas: Old Town – $1.8M, Park Meadows – $1.8M, Silver Springs – $990,000, Jeremy Ranch – $1M, Heber Valley – $496,000 and Deer Valley’s is $4M. See below for entire market report: