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        <title>Park City Utah Real Estate News</title>
        <link>https://www.enjoyparkcity.com/blog/2022-08/</link>
        <description>Looking for up-to-the-minute information about the Park City and Deer Valley in Utah? Check out our Real Estate News Blog with many informative articles about living and buying in Park City, Utah!</description>
<item>
    <guid>https://www.enjoyparkcity.com/blog/park-city-real-estate-market-trends-through-july-2022/</guid>
    <link>https://www.enjoyparkcity.com/blog/park-city-real-estate-market-trends-through-july-2022/</link>
        <author>sean@enjoyparkcity.com (Sean Matyja)</author>
        <title>PARK CITY REAL ESTATE MARKET TRENDS THROUGH JULY 2022</title>
    <description> <![CDATA[ 



Is the real estate market starting to cool down?


Are HOME prices declining in Park City and Deer Valley?


The real estate market in Park City remains relatively healthy and active, although at a slower pace compared to the frenzy of the past couple of years. Multiple offers are far less common but not non-existent. Inventory is building, but we still see a good amount of sales, whereas the sought-after properties are trading. Many buyers are out there, hovering; they seem to be in the watching and waiting phase - hoping prices will come down, which has not really happened.


We continue to see price reductions on existing listings. But these reductions so far have been overpriced listings coming back down to reality. When we look at the prices of recent closed sales, they have not yet declined; in fact, we see two months of appreciation.


NUMBER OF ACTIVE LISTINGS




July had 457 listings compared to 308 in July 2021 - an increase of 48


The number of active listings has been increasing for six months and has tripled since January, going from only 152 to 457 residential listings for sale.


Year-to-Date, Park City had 1,224 listings compared to 1,594 last year, a decrease of 26




NUMBER OF SOLD PROPERTIES




July had 49 closed sales, compared to 154 in July 2021 - a decrease of 68


Year-to-Date, 748 listings sold compared to 1,010 in 2021 - a decrease of 18




NUMBER OF PENDING LISTINGS




July 2022 had 67 listings go under contract, compared to 152 in July 2021 - a decrease of 56




PRICING FOR ACTIVE LISTINGS




The average list price in July was $3,372,700 - slightly down compared to $3,410,000 in June


The average list price in July was up by 4 compared to $3,235,300 in July 2021


The average list price YTD was $2,901,800 compared to $2,436,000 - an increase of 19


The median list price in July was $2,175,000 - slightly up compared to $2,150,000 in June


The median list price in July was up by 55 compared to $1,400,000 in July 2021


The median list price YTD was $1,770,000 compared to $1,467,500 - an increase of 20




PRICING FOR SOLD PROPERTIES




The average sold price in July was $2,168,800 compared to $1,871,600 in July 2021 - an increase of 16


The average sold price YTD was $2,186,500 compared to $1,988,900 - an increase of 10


The median sold price in July was $1,725,000 compared to $1,400,000 in July 2021, an increase of 23


The median sold price YTD was $1,527,500 compared to $1,345,000 - an increase of 14


Both the active median and sold median prices have increased in the last two months




DAYS ON MARKET




The average DOM in July was 38 compared to 52 days in July 2021


The average DOM for YTD was 38 compared to 88 days in 2021


The median DOM in July was 7 compared to 10 days in June 2021. Half of the properties listed went under contract in less than 7 days


The median DOM for YTD was 4 compared to 12 in 2021. Half of the properties listed went under contract in less than 4 days


 ]]> </description>
    <pubDate>Thu, 18 Aug 2022 09:24:00 -0600</pubDate>
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<item>
    <guid>https://www.enjoyparkcity.com/blog/deer-valley-resorts-inaugural-mountain-beer-festival/</guid>
    <link>https://www.enjoyparkcity.com/blog/deer-valley-resorts-inaugural-mountain-beer-festival/</link>
        <author>sean@enjoyparkcity.com (Sean Matyja)</author>
        <title>DEER VALLEY RESORT'S INAUGURAL MOUNTAIN BEER FESTIVAL</title>
    <description> <![CDATA[ 



Deer Valley Resort is hosting its inaugural Mountain Beer Festival on September 17 and 18, from 11 am to 4 pm. Utah has a celebrated brewing culture, including smaller producers such as Offset Bier and Park City Brewing to more nationally recognized breweries including Squatters and Uinta. The beer festival is an excellent opportunity to sample a wide range of flavors and styles from over a dozen Utah brewers.


For many locals, the fall season is the best time to be in Park City, and there could not be a better location for a beer festival than Silver Lake Village, with a backdrop of the resort's surrounding peaks. Festival goers will begin their day with free parking at the Snow Park base. Check-in is located on the Main Plaza at Snow Park Lodge. A scenic chairlift ride up Silver Lake Express brings attendees to the Beer &amp; Music Garden on the grassy infield at Silver Lake, at the base of the Sterling Express chairlift.


Known for superb culinary options, Deer Valley will showcase chef-created BBQ plates, as well as grilled hot dogs and burgers, and of course, Deer Valley Turkey Chili. Families will appreciate the Kid's Zone, with yard games and face painting. Scenic chairlift rides are available throughout the event day.


The General Admission ticket package includes three taster tokens and chairlift access to and from the event via Silver Lake Express. Deer Valley also offers an upgraded Reserve Package and Imperial Package. Visit the Deer Valley Resort website for more details and to purchase tickets.
 ]]> </description>
    <pubDate>Tue, 16 Aug 2022 08:35:00 -0600</pubDate>
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<item>
    <guid>https://www.enjoyparkcity.com/blog/the-back-alley-bash-returns-for-august-2022/</guid>
    <link>https://www.enjoyparkcity.com/blog/the-back-alley-bash-returns-for-august-2022/</link>
        <author>sean@enjoyparkcity.com (Sean Matyja)</author>
        <title>The Back Alley Bash Returns for August 2022</title>
    <description> <![CDATA[ 



The KPCW/Cole Sport Back Alley Bash is back


In recent years, this locals' favorite event has been held at the Town Lift Plaza on Main Street. This year, for the event's return, the new location is now at City Park. Scheduled for Friday, August 19th from 5pm to 9pm. The Bash event is FREE and includes live music by Mudpuddle &amp; Sin City Soul and kid’s activities including face painting, a balloon twister and more. Local's Tip: The kids LOVE the face painting, and the line can be really long, so get to that spot early




Normally, the Bash would host a beer garden, but this year at City park it will be BYOB.




No food or beverage will be available for purchase at this event. Bring your own food and drinks and KPCW/Cole Sport will provide the live music &amp; kid's activities. Remember to take the bus, ride your bike or carpool. The Back Alley bash is truly a locals’ favorite for over 25 years
 ]]> </description>
    <pubDate>Wed, 10 Aug 2022 08:50:00 -0600</pubDate>
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