Market Statistics & Trends
Let's compare the total number of sales of homes, condominiums and vacant land by looking at the past 12 months and comparing it with the year before. The red bars show the sales data for February 2017 through January 2018, compared to the previous year, depicted with silver bars. The total number of homes sold, including those within the Park City city limits and in the Snyderville Basin, was up 7%, or 36 sales last year, compared to the previous 12-month period. The total number of condominiums sold in the Park City city limits and the Snyderville Basin changed by only one sale from the prior year. Lot sales were up by 9%, or 15 sales.
Now let's break this data down further and look at sales activity within the Park City limits as well as in the Snyderville Basin (Park City county area excluding city limits). The charts below compare the number of sales, year-over-year, as well as the median sold prices for the same areas, year-over-year.
The total number of homes sold in the last 12 months was 567 compared to 531 the prior 12 months. Within the Park City city limits, homes increased by 21 sales, or 13%, with 178 homes sold in the last year compared to 157 sales the year before. Homes sold in the Snyderville Basin rose by 4%, or 15 sales, from 374 to 389.
The total number of condos sold remained quite steady, from 636 sales between February 2016 and January 2017 to 635 between February 2017 and January 2018. Condominium sales within the city limits were up by 7%, or 21 sales, while condo sales in the Snyderville Basin fell by 22 sales, which is a 7% decrease from the previous year.
Vacant Land Sales
Vacant land sales increased by 15 overall sales. This is a 9% increase. Sales were up by 25% in the city limits from 20 to 25. In the Snyderville Basin the number of lots rose by 10 sales, or approximately 7%, to 157 sales in the last 12 months from 147 sales in the prior 12 months.