Montage Deer Valley Ut

Park City Utah Prices are Rising and Market Statistics

PARK CITY UTAH 2015 YEAR END REAL ESTATE STATISTICS

Park City, Utah – January 26th, 2016

Summit and Wasatch County property prices rise at a steady market pace in 2015

At the end of the fourth quarter of 2015, the year-end statistics reported by the Park City Board of REALTORS® indicated a slow but consistent annual increase in both the number of closed sales and the median sales price for single family homes, condominiums and vacant lots in Summit and Wasatch Counties.The total dollar volume for 2015 was up 10% over 2014, reaching $1.85 billion, with single family homes sales accounting for the highest dollar volume by property type.

Single Family Home Sales

Within the City Limits (84060), the median sales price of a single family home was 17% higher than the year before, reaching almost $1.52 million, but the number of closed sales decreased by 12%.

By neighborhood, Old Town had the highest number of closed sales with a total of 52 with a 6% increase in median sales price to $1.31 million. Thaynes Canyon had the highest jump in median sales price – up 46% from 2014 to $1.82 million with a total of 11 closed sales for the year. Park Meadows had seven fewer sales than last year but the median sales price was up 11% to $1.44 million. In Prospector, the median sales price increased 6% to $740,000, but there were only 11 closed sales for the year (down 39%), which demonstrates how low inventory of active listings can affect the number of sales in certain neighborhoods.

“Higher median prices of homes within Park City Limits and lower number of unit sales is reflective of demand outpacing inventory."

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Montage Deer Valley Tree Lighting 2013

Montage Deer Valley Ut

Annual Tree lighting Ceremony 2013

Tonight was the Montage Deer Valley 3rd Annual Tree lighting ceremony. 

The Montage was ready with rich hot chocolate, hot cider, cookies and smores for all who attended. A roaring firepit out front kept us all warm while we waited for the moment of lighting. Promptly at 5:30 the lighting ceremony took place with 110 trees and more than 266,000 lights going on with a flick of a switch.  

While we were there I took the opportunity to show my clients one of the Montage Residences. Beautiful and what a fabulous location on the mountain.


For more information about the Montage Residences

see listings below and call me for a showing. 435-731-0803


Below are a few pictures my son Daniel and his friend Eric took. Ok- we photoshopped them for fun!

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