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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