In this article, I will review the pie charts above that illustrate Park City home and condo sales for 2018. I will also be providing some insight into what we are seeing in the local real estate market for January and early February 2019. The charts are broken down by Park City single-family homes and condos, by communities and price range. The communities with areas 1-9 include Old Town 01, Thaynes Canyon 02, Lower Deer Valley Resort 03, Deer Crest 04, Upper Deer Valley Resort 05, Empire Pass 06, Aerie 07, Prospector 08, and Park Meadows 09. Areas 10-27 include Canyons Village 10, Sun Peak / Bear Hollow 11, Silver Springs Area 12, Old Ranch Road 13, Kimball 14, Pinebrook 15, Summit Park 16, Jeremy Ranch 17, Glenwild 18, Silver Creek Estates 19, Trailside Park Area 20, Silver Creek South 21, Promontory 22, Quinn's Junction 23, Jordanelle Park 24, Deer Mountain 25, Tuhaye/Hideout 26, and South Jordanelle 27.
Overall review of Park City property sales for 2018:
Park City has a complex real estate market and it's not easy to get a crystal-clear picture from statistics if they are too broad or too narrow. Once you start digging in deep, you'll soon realize that we are in a small town and data points are lacking in order to be able to provide a smooth line graph without gaps. For instance, if you want to start digging into homes that have sold in Park Meadows there is a discrepancy based on the year the home was built, views, location within the subdivision, the number of bedrooms, square footage, and the last time the home was upgraded. In the end, you may only be left with a handful of home sales for statistics or comparables if you're looking to purchase a property - one or two sales could swing the numbers dramatically. What the graphs above do show is the activity in certain price ranges and that the closer you get to the heart of Park City the higher the value of the property.
Reviewing the charts:
... continue reading and view a larger version of the chart at the following link.
Derrik Carlson | Park City Realtor
KW Keller Williams Park City Real Estate
Top 1% of Agents in Keller Williams Utah
Keller Williams Luxury International Member
1750 Sun Peak Drive Park City, Utah 84098
This article was originally posted by Derrik Carlson at on Friday, February 8th, 2019 at 4:17 pm