Park City Utah New Construction

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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Park City Ut Old Town New Construction - take a sneak peek!

Park City Old Town's New Construction is on fire!

New construction homes are few and far between. Take a sneak peek of 908 Woodside. This soon to be listed ski home is only 120 yards to the Town Lift run that takes you to the largest ski resort in the USA, plus an easy walk to Park City's Historic Main Street. It has everything you could ever want! 

View from the Rooftop Deck

This Old Town New Construction home will feature:

5 bedrooms, 4 baths

Sleeps 12

Modern clean lines with a warm feel

FABULOUS ROOFTOP DECK!

Stainless Steel Viking Appliances

Fully Furnished with design by CCG Howells Interior Design

1 Car Garage

Air conditioning

Audio system

Entertainment room

French Oak floors, Reconstituted Walnut cabinets ( very cool)

Granite and Quartz counters throughout

Owner/Agent

Front of home showcasing the heated driveway

Stainless steel tile accent in Bunk Room Bath.

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