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 March 2017 through February 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 4%, or 20 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 7 sales from the prior year. Lot sales were up by 14%, or 23 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 558 compared to 538 the prior 12 months. Within the Park City city limits, homes increased by 26 sales, or 17%, with 178 homes sold in the last year compared to 152 sales the year before. Homes sold in the Snyderville Basin dropped by 2%, or 6 sales, from 386 to 380.
The total number of condos sold remained steady, from 640 sales between March 2016 and February 2017 to 633 between March 2017 and February 2018. Condominium sales within the city limits were up by 5%, or 17 sales, while condo sales in the Snyderville Basin fell by 24 sales, which is a 8% decrease from the previous year.
Vacant Land Sales
Vacant land sales increased by 21 overall sales. This is a 14% increase. Sales were up by 53% in the city limits from 17 to 26. In the Snyderville Basin the number of lots rose by 14 sales, or approximately 9%, to 162 sales in the last 12 months from 148 sales in the prior 12 months.