Last week we touched briefly on real estate stats in Park City and I wanted to share some more about the local market. Rick Klein provided our team with  informational graphs reflecting the 2015 real estate market in the Greater Park City area and we would like to share some with you. The  Berkshire Hathaway HomeServices Utah Properties 2015 Market Report is also now available and covers both Summit and Wasatch County.

The stats in this first graph reflect that closed sales show a slow, but consistent increase starting in 2009 with a 23.6% increase in home sales from 2012 to 2015. (Condos are in purple, Single Family homes are in pink and Vacant Land is in yellow)

The next graph reflects the local Condo market showing prices in our current market versus the high and low points in the market between 2008 to 2015.

The following graph reflects the Single Family home market showing prices in the same way as the graph above with current market numbers versus the high and low points in prices between 2008 and 2015.

Overall, the last 12 months of residence prices in the Greater Park City area are 6.1% over the residence prices in 2014 and 14.7% over the residence prices in 2013.

As our market continues to grow, Park City keeps finding its way into the news with The Dallas Morning News recently postingGo big: Ski Utah's mega-resort  which shares our local Waldorf Astoria's recent four-star rating by Forbes.  Utah as a whole has also been in the news as Fodor's Travel rated Utah the Top Destination in the World to Visit in 2016. And even though Sundance has come and gone for 2016 here are the winners as shared by Kate Erbland of Indiewire.

If you would like more information on the stats above or any of the information we have shared today remember that we are just a click or call away and our team is here to help you with all your real estate needs.