Park City Utah Real Estate Blog


2016 year-end housing statistics for Summit and Wasatch Counties, as reported by the Park City Board of REALTORS® Multiple Listing Service, show that over the past four years, the number of closed, pended, and active listings has continued to trend at a healthy and stable rate, with an averaged median price increase of 7.5% annually. However, in 2016, the median sales price for single-family homes, condominiums, and vacant land increased at a rate double that number. Overall, the quantity of sold properties did not increase sharply over previous years, yet the dollar volume for our entire market area was up 18%.

President of the Park City Board of REALTORS®, Sara Werbelow adds, “We have experienced a sustainable growth trend for several years. Areas

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Summit and Wasatch County property values continue to rise in the third quarter of 2016

Statistics reported by the Park City Board of REALTORS® at the close of the third quarter show the median sales price for single-family homes, condominiums, and vacant lots in the Greater Park City area have increased at a rate of 7.5% annually since 2012 and are up 14% over the previous 12 months as buyers are becoming more attracted to resort real estate.

Single-Family Home Sales

Demand remained high for single family homes in the Greater Park City area, with some neighborhoods increasing in price at a faster rate than others as growth outside the City Limits continued. Within the Park City Limits (84060), the median sold price of a single family home was up

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Vail gets bigger, buys Whistler Blackcomb for $1 billion in a deal that may boost Park City. A deal worth over $1B, The Epic Pass that allows skiers to visit Vail resorts across North America and in Australia could bring more tourists to Utah. Whistler Blackcomb is one of the most iconic mountain resorts in the world, with an incredible history. Once included in the Epic Pass, Park City locals will be able to ski the renowned resorts with the pass from Park City.

In the past five years, Vail was brought into Utah by Talisker Corp. to manage Canyons Resort. After Powdr Corp. failed to renew a lease for Park City Mountain Resort with Talisker and was losing a court battle to overturn that mistake, Vail bought the resort's base facilities for $182

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FOR IMMEDIATE RELEASE:
August 2, 2016
 
Park City, Utah – August 2, 2016

Property values have increased at approximately 7% annually since 2012

Statistics reported by the Park City Board of REALTORS®, at the close of the second quarter of 2016, indicate a steady annual price increase for single family homes, condominiums, and vacant lots in Summit and Wasatch Counties. Areas outside the Park City Limits, such as the Heber Valley and the Jordanelle, have also seen double digit growth in the number of sales.

Single Family Home Sales

In the entire market area, there are currently five times more pending sales outside the Park City Limits than what is pended within Park City Limits (84060). Over the last twelve months, the median price of a

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Park City and Deer Valley have become a great destination for outdoor music. Below is a current schedule for the summer's concert locations and venues. Deer Valley Resort has done a great job at booking some big headline bands and popular groups from the not too distant past. Each Wednesday at Deer Valley is the free concert series, starting June 22. The concerts at Newark out at Kimball Junction have really grown in popularity over the last few years. Be sure to get there early and have dinner at Maxwell's and even listen to the music from their outdoor patio.

Deer Valley Music Festival at Deer Valley's Snowpark Amphitheatre

July 2 - Utah Symphony Patriotic Celebration with Broadway's Doug Labrecque
July 6 - Schubert's Symphony No. 5 @ St.…
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Property prices continue to rise 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 homes, condos and lots in Summit and Wasatch Counties. The PCBOR reports that prices have edged back up to where they were in 2007 but have not reached the market highs of 2008.

That is true when looking at the summary of the overall statistics. But we find that when looking at individual properties or property types in certain micro markets, we see many examples of homes and condos reaching new highs in prices, even exceeding the previous market peak prices of 2008. The overall market has been growing,

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Park City, Utah – January 26th, 2016

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.

 

Above chart illustrates the Total Number of Units Sold by year from 1999 to 2015.


Above chart illustrates the Median Price of Sold Units by year

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The world's best freestyle skiers come back to Deer Valley this winter for the 2016 FIS Freestyle Ski World Cup. If you have never been to one of these events, it is a must see. Watch some of the best athletes in the world, flip, spin, race, and crash in the Freestyle Moguls and Aerials competitions. All events are free to the public.

Wednesday, February 3, 2016 - Main Street Celebration Concert

7 - 10 p.m. Opening Ceremony and Concert Lower Main Street
Immediately Following Fireworks Lower Main Street

Thursday, February 4, 2016 - Mogul Competition

9:20 - 10:05 a.m. Men's Aerial Qualifications White Owl
10:20 - 10:40 a.m. Men's Aerial Finals White Owl
12:05 -
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BMW IBSF BOBSLED & SKELETON WORLD CUP

The Utah Olympic Park welcomes bobsled and skeleton athletes from over 20 countries to this World Cup competition. This is the fifth competition in a series of eight World Cup competitions around the world this winter. Free admission for spectators.

Friday, January 15

11 am: Women's Bobsled Race
6 pm: 4 Person Bobsled Race

Saturday, January 16

11 am: Women's Skeleton Race
12 pm: Men's Skeleton Race
5 pm: 4 Person Bobsled Race.

>>> Click here to view more info:

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Not able to secure a Festival Pass or Ticket Package but still want to get in on the fun? We've got you covered - there's lots to do that doesn't require a ticket.

Try the NEW eWaitlist

They like to ensure that every seat in every theatre is taken, so prior to the start of each film they sell the open seats to people who have signed up on their eWaitlist. It's a very successful way to see some of the films that sell out early, and they've just made it easier by allowing you to sign up anywhere with an internet connection.

No more waiting in long, cold lines for two hours prior to screening time for a waitlist number! Festivalgoers will now have the ability to receive a waitlist number for a screening via any internet capable device. The

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