The Park City Market Comparison Report for 2020 vs. 2019
I have attached the Park City Real Estate Market Comparison Report for 2020 vs. 2019. It includes the immediate area of Park City, but does not include the surrounding areas of Heber, Midway, Kamas, Francis, Oakley, Marion, Coalville, Wanship, etc. The report is for homes, condos and vacant land, and is based on median statistics. Commercial and fractional ownership are not included.
The positive trends continue. Transactions were up 53%. Single family home prices increased by 20%, outperforming condo prices which increased by 7%. Inventory levels are now at the lowest levels since tracking began in 2007.
Based on Median Statistics Area 1-23, Condo, Single Family Home, Vacant Land
2020
2019
Diff%
#Trans Selling Price SP/LP DOM
2696 850,000 98 30
1758 850,000 97 15
+53 - +1 +200
Trans = Transactions
SP/LP = The percentage the property sold for versus what it was listed for.
DOM = Days on the market
SP/SF = Selling price per square foot. Does not include land.
Sales Under $1 Million
Sales Over $1 Million
Undisclosed
2020 % of Total: 2019 % of Total:
1531 57% 1020 58%
1152 43% 79 42%
13 9
2696 1758
Number of Units Sold
Condos
Single Family Home
Land
Total
Selling Price
Condo
Single Family Home
Land
2020 % of Total: 2019 % of Total: % Difference
1162 43% 891 51% +30%
933 35% 615 35% +52%
601 22% 252 14% +138%
2696 1758 +53%
2020 2019 % Difference
474/sq.ft 445/sq.ft +7%
467/sq.ft 390/sq.ft +20%
$452,500 $450,000 -
