THE CURRENT REAL ESTATE MARKET Greater Park City Area | 4th Quarter 2023
SINGLE-FAMILY HOMES
4th Qtr 2023 | 12 Month Rolling Year-Over-Year Comparison
PARK CITY
VOLUME SOLD
AVG SALE
MEDIAN SALE
OLD TOWN
-13%
$103,210,056
-22%
$3,822,594
-10%
$3,500,000
-11%
THAYNES CANYON
-64%
$21,023,362
-66%
$4,204,672
-3%
$3,675,000
-5%
LOWER DEER VALLEY
-25%
$31,010,000
-12%
$5,168,333
+17%
$4,567,500
+2%
UPPER DEER VALLEY
-29%
$81,691,797
-23%
$8,169,179
+8%
$7,535,000 +17%
+100%
$50,780,918
+213%
$12,695,229
+57%
$9,929,036 +23%
AERIE
-25%
$19,275,000
+28%
$6,425,000
+71%
$8,200,000 +125%
PROSPECTOR
+17%
$29,827,400
+8%
$2,130,528
-7%
$2,000,000
-3%
PARK MEADOWS
+11%
$113,330,450
+1%
$3,655,820
-9%
$3,150,000
-7%
TOTAL PARK CITY
-11%
$476,010,983
-10%
$4,666,774
+1%
$3,687,500
-5%
EMPIRE PASS
2
QTY SOLD
SNYDERVILLE
QTY SOLD
CANYONS VILLAGE
+50%
VOLUME SOLD
AVG SALE
MEDIAN SALE
+37%
$11,402,712
-8%
$10,430,000
-7%
SUN PEAK/BEAR HOLLOW +267%
$26,024,850 +180%
$2,365,895
-24%
$1,758,750
-53%
SILVER SPRINGS
-14%
$47,427,000
-16%
$2,496,157
-2%
$2,395,000 +11%
OLD RANCH ROAD
+33%
$28,384,500
+29%
$7,096,125
-3%
$3,885,000
-48%
KIMBALL
+40%
$17,247,500
+32%
$1,231,964
-6%
$1,170,000
-7%
PINEBROOK
-17%
$45,867,525
-22%
$1,911,146
-5%
$1,772,500
-9%
SUMMIT PARK
-5%
$26,260,061
+11%
$1,458,892
+17%
$1,412,500 +15%
JEREMY RANCH
+42%
$65,744,882
-1%
$1,933,673
-30%
$1,682,030
GLENWILD
-13%
$73,090,826
-4%
$5,622,371
+11%
$5,800,000 +13%
SILVER CREEK ESTATES
-8%
$28,092,000
-20%
$2,553,818
-13%
$2,075,000
-17%
TRAILSIDE PARK
0%
$38,803,000
+9%
$2,155,722
+9%
$1,592,500
+1%
SILVER CREEK SOUTH
-9%
$36,000,093
+2%
$1,161,293
+12%
$1,190,356 +34%
PROMONTORY
-3%
$359,057,740
+30%
$4,603,304
+33%
$4,150,000 +34%
TOTAL SNYDERVILLE
+4%
$963,040,669
+16%
$3,320,829
+11%
$2,262,500
JORDANELLE
QTY SOLD
$171,040,692
VOLUME SOLD
AVG SALE
-30%
+7%
MEDIAN SALE
+50% CANYONS +50% CANYONS VILLAGE VILLAGE +267% SUN SUN PEAK/BEAR PEAK/BEAR HOLLOW HOLLOW +267%
SILVER SILVER SPRINGS SPRINGS OLD RANCH OLD RANCH ROAD ROAD KIMBALL KIMBALL PINEBROOK PINEBROOK
SUMMIT SUMMIT PARK PARK JEREMY JEREMY RANCH RANCH
GLENWILD GLENWILD SILVER SILVER CREEK CREEK ESTATES ESTATES TRAILSIDE TRAILSIDE PARK PARK SILVER SILVER CREEK CREEK SOUTH SOUTH PROMONTORY PROMONTORY TOTAL TOTAL SNYDERVILLE SNYDERVILLE
-14% -14% +33% +33% +40% +40% -17% -17% -5% -5% +42% +42% -13% -13% -8% -8% 0% 0% -9% -9% -3% -3% +4% +4%
JORDANELLE JORDANELLE
QTY SOLD QTY SOLD
JORDANELLE JORDANELLE PARK PARK DEER DEER MOUNTAIN MOUNTAIN
+14% +14% -20% -20% -16% -16% -78% -78% 0% 0% -49% -49%
TUHAYE TUHAYE SOUTH SOUTH JORDANELLE JORDANELLE HIDEOUT HIDEOUT TOTAL TOTAL JORDANELLE JORDANELLE
HEBER HEBER VALLEY VALLEY
QTY SOLD QTY SOLD
MIDWAY MIDWAY HEBER HEBER NORTH NORTH
-15% -15% +117% +117% 0% 0% +200% +200% -3% -3% +5% +5% +24% +24% -80% -80% -50% -50% -1% -1%
RED RED LEDGES LEDGES SOUTH SOUTH FIELDS FIELDS HEBER HEBER HEBER HEBER EAST EAST
TIMBERLAKES TIMBERLAKES DANIEL DANIEL
CHARLESTON CHARLESTON TOTAL TOTAL HEBER HEBER VALLEY VALLEY
+37% +37% $26,024,850 +180% $26,024,850 +180% $47,427,000 -16% $47,427,000 -16% $28,384,500 +29% $28,384,500 +29% $17,247,500 +32% $17,247,500 +32% $45,867,525 -22% $45,867,525 -22% $26,260,061 +11% $26,260,061 +11% $65,744,882 -1% $65,744,882 -1% $73,090,826 -4% $73,090,826 -4% $28,092,000 -20% $28,092,000 -20% $38,803,000 +9% $38,803,000 +9% $36,000,093 +2% $36,000,093 +2% $359,057,740 +30% $359,057,740 +30% $963,040,669 +16% $963,040,669 +16% $171,040,692 $171,040,692
VOLUME SOLD VOLUME SOLD $24,382,409 $24,382,409 $29,956,850 $29,956,850 $109,301,284 $109,301,284 $76,421,470 $76,421,470 $26,817,017 $26,817,017 $266,879,030 $266,879,030
+76% +76% -34% -34% +11% +11% -44% -44% +19% +19% -16% -16%
VOLUME SOLD VOLUME SOLD
-13% -13% $12,676,300 +55% $12,676,300 +55% $103,590,696 +3% $103,590,696 +3% $4,311,000 +190% $4,311,000 +190% $69,403,237 -13% $69,403,237 -13% $28,377,580 -7% $28,377,580 -7% $20,241,500 +57% $20,241,500 +57% $550,000 -92% $550,000 -92% $16,000,000 +518% $16,000,000 +518% $339,341,217 +1% $339,341,217 +1% $80,035,904 $80,035,904
$11,402,712 $11,402,712 $2,365,895 $2,365,895 $2,496,157 $2,496,157 $7,096,125 $7,096,125 $1,231,964 $1,231,964 $1,911,146 $1,911,146 $1,458,892 $1,458,892 $1,933,673 $1,933,673 $5,622,371 $5,622,371 $2,553,818 $2,553,818 $2,155,722 $2,155,722 $1,161,293 $1,161,293 $4,603,304 $4,603,304 $3,320,829 $3,320,829
-8% -8% -24% -24% -2% -2% -3% -3% -6% -6% -5% -5% +17% +17% -30% -30% +11% +11% -13% -13% +9% +9% +12% +12% +33% +33% +11% +11%
AVG SALE AVG SALE
+54% +54% $2,496,404 -17% $2,496,404 -17% $4,203,895 +32% $4,203,895 +32% $4,022,182 +149% $4,022,182 +149% $2,437,910 +19% $2,437,910 +19% $3,511,566 +65% $3,511,566 +65% $3,047,801 $3,047,801
$10,430,000 $10,430,000 $1,758,750 $1,758,750 $2,395,000 $2,395,000 $3,885,000 $3,885,000 $1,170,000 $1,170,000 $1,772,500 $1,772,500 $1,412,500 $1,412,500 $1,682,030 $1,682,030 $5,800,000 $5,800,000 $2,075,000 $2,075,000 $1,592,500 $1,592,500 $1,190,356 $1,190,356 $4,150,000 $4,150,000 $2,262,500 $2,262,500
-7% -7% -53% -53% +11% +11% -48% -48% -7% -7% -9% -9% +15% +15% -30% -30% +13% +13% -17% -17% +1% +1% +34% +34% +34% +34% +7% +7%
MEDIAN SALE MEDIAN SALE $2,943,262 +55% $2,943,262 +55%
-28% -28% $3,603,335 +26% $3,603,335 +26% $3,974,597 +256% $3,974,597 +256% $2,280,000 +19% $2,280,000 +19% $3,175,000 +94% $3,175,000 +94% $2,152,500 $2,152,500
AVG SALE AVG SALE
MEDIAN SALE MEDIAN SALE
+2% +2% $975,100 -28% $975,100 -28% $3,237,209 +3% $3,237,209 +3% $718,500 -3% $718,500 -3% $788,673 -10% $788,673 -10% $1,351,313 -12% $1,351,313 -12% $963,880 +27% $963,880 +27% $550,000 -61% $550,000 -61% $16,000,000 +1137% $16,000,000 +1137% $1,373,851 +2% $1,373,851 +2%
+3% +3% $775,000 -38% $775,000 -38% $2,782,500 +7% $2,782,500 +7% $737,000 -1% $737,000 -1% $735,000 -9% $735,000 -9% $1,154,300 -12% $1,154,300 -12% $910,000 +35% $910,000 +35% $550,000 -43% $550,000 -43% $16,000,000+1137% $16,000,000+1137% $940,803 -4% $940,803 -4%
$1,290,901 $1,290,901
$1,199,500 $1,199,500
435.640.9722 | ZWUTLUX.com QTY SOLD| Zach@UtahLuxuryGroup.com VOLUME SOLD AVG SALE MEDIAN SALE KAMAS VOLUME SOLD AVG SALE MEDIAN SALE KAMAS VALLEY VALLEY QTY SOLD
3
CONDOMINIUMS
4th Qtr 2023 | 12 Month Rolling Year-Over-Year Comparison
PARK CITY
VOLUME SOLD
AVG SALE
MEDIAN SALE
OLD TOWN
-17%
$156,466,620
-13%
$1,629,860
+5%
$1,161,100
0%
LOWER DEER VALLEY
-22%
$57,954,500
-18%
$1,998,431
+5%
$1,700,000
-6%
$37,036,136 +318%
$7,407,227
+67%
$4,388,000
-1%
DEER CREST
4
QTY SOLD
+150%
UPPER DEER VALLEY
-22%
$71,479,000
-9%
$3,403,761
+17%
$3,600,000 +45%
EMPIRE PASS
-39%
$147,883,413
-17%
$5,281,550
+37%
$4,575,000 +26%
PROSPECTOR
-23%
$14,681,511
-34%
$473,597
-14%
$399,000
-9%
PARK MEADOWS
+24%
$38,637,588
+29%
$1,839,885
+4%
$1,700,000
-3%
TOTAL PARK CITY
-19%
$526,425,756
-7%
$2,269,076
+14%
$1,612,500
+8%
SNYDERVILLE
QTY SOLD
CANYONS VILLAGE
-57%
$222,077,594
-51%
$1,708,289
+14%
$1,374,500
0%
SUN PEAK/BEAR HOLLOW
-20%
$24,773,230
-16%
$1,548,326
+5%
$912,500
-20%
SILVER SPRINGS
+14%
$8,214,780
+6%
$1,026,847
-7%
$980,750
-12%
KIMBALL
-22%
$30,731,525
-30%
$668,076
-11%
$582,500
-21%
PINEBROOK
-50%
$21,206,000
-56%
$848,240
-12%
$750,000
-19%
JEREMY RANCH
-22%
$9,243,935
-5%
$1,320,562
+23%
$1,250,000
+9%
SILVER CREEK SOUTH
-41%
$24,006,975
-20%
$1,043,781
+36%
TOTAL SNYDERVILLE
-48%
$341,004,039
-46%
$1,332,047
+4%
JORDANELLE
QTY SOLD
JORDANELLE PARK
+63%
$96,503,423 +102%
$1,135,334
+24%
$910,000
-3%
DEER MOUNTAIN
-27%
$60,900,910
-26%
$1,032,218
+2%
$1,007,000
+6%
SOUTH JORDANELLE
-33%
$3,854,607
-13%
$963,651
+30%
HIDEOUT
+3%
$94,536,440
+3%
$1,331,499
0%
$1,282,438
-5%
TOTAL JORDANELLE
+13%
$261,892,380
+16%
$1,119,198
+3%
$1,064,782
+9%
HEBER VALLEY
QTY SOLD
MIDWAY
-12%
VOLUME SOLD
VOLUME SOLD
VOLUME SOLD $8,835,700
-25%
AVG SALE
MEDIAN SALE
AVG SALE
$987,285
-8%
MEDIAN SALE
AVG SALE $589,046
$950,000 +51%
-15%
$1,027,500 +53%
MEDIAN SALE $495,000
-31%
PARK CITY PARK CITY
QTY SOLD QTY SOLD
VOLUME SOLD VOLUME SOLD
OLD TOWN OLD TOWN LOWER DEER VALLEY LOWER DEER VALLEY DEER CREST DEER CREST UPPER DEER VALLEY UPPER DEER VALLEY EMPIRE PASS EMPIRE PASS AERIE PROSPECTOR PROSPECTOR PARK MEADOWS PARK MEADOWS TOTAL PARK CITY TOTAL PARK CITY
+66% -17% +193% -22% +13% +150% +150% -22% +348% -39% +250% -23% +27% +24% -8% -19% +91%
$171,488,011 +85% $156,466,620 -13% $117,086,101 +254% $57,954,500 -18% $23,995,000 +15% $37,036,136 +318% $250,305,868 +251% $71,479,000 -9% $304,457,659 +467% $147,883,413 -17% $11,823,500 +297% $14,681,511 -34% $23,105,100 +72% $38,637,588 +29% $48,395,127 +14% $526,425,756 -7% $950,879,367 +188%
SNYDERVILLE SNYDERVILLE
QTY SOLD
VOLUME SOLD
AVG SALE
MEDIAN SALE
QTY SOLD
VOLUME SOLD
AVG SALE
MEDIAN SALE
-57% CANYONS VILLAGE -20% CANYONS VILLAGE SUN PEAK/BEAR HOLLOW +49%
AVG SALE AVG SALE $883,958 $1,629,860 $1,377,483 $1,998,431 $2,666,111 $7,407,227 $2,781,176 $3,403,761 $3,238,911 $5,281,550 $1,689,071 $473,597 $355,463 $1,839,885 $1,307,976 $2,269,076 $1,633,813
+11% +5% +21% +5% +3% +67% +40% +17% +27% +37% +14% -14% +35% +4% +23% +14% +50%
MEDIAN SALE MEDIAN SALE $702,500 +14% $1,161,100 0% $1,225,000 +14% $1,700,000 -6% $2,900,000 +4% $4,388,000 -1% $2,460,000 +44% $3,600,000 +45% $2,927,500 +46% $4,575,000 +26% $1,730,000 +16% $399,000 -9% $225,000 +15% $1,700,000 -3% $1,200,000 +22% $1,612,500 +8% $1,195,000 +51%
0%
$222,077,594
-51%
$1,708,289
+14%
$1,374,500
$300,993,568 $24,773,230
+3% -16%
$864,924 $1,548,326
-31% +5%
$597,500 $912,500 -37% -20%
+14% SUN PEAK/BEAR SILVER SPRINGS HOLLOW +211% -27% -22% SILVER SPRINGS KIMBALL
$60,720,877 $8,214,780 +394% +6%
$1,084,301 $1,026,847 +59% -7%
$746,036 $980,750 +40% -12%
$6,240,500 $30,731,525
-13% -30%
$780,062 $668,076 +20% -11%
$797,500 $582,500 +23% -21%
KIMBALL PINEBROOK PINEBROOK JEREMY RANCH
$45,881,865 $21,206,000
+86% -56%
$477,936 $848,240 +14% -12%
$457,500 $750,000 +19% -19%
+136% -22%
$59,271,197 $9,243,935 +190% -5%
$644,252 +23% $1,320,562 +23%
$654,500 +26% $1,250,000 +9%
JEREMYCREEK RANCH SILVER SOUTH TOTAL SNYDERVILLE
+77% -41%
$18,767,400 $24,006,975 +130% -20%
$815,973 +30% $1,043,781 +36%
$800,000 $950,000 +27% +51%
+70% -48%
$507,557,362 $341,004,039
-19% +4%
$605,000 $987,285 -13% -8%
JORDANELLE JORDANELLE
QTY SOLD SOLD QTY
JORDANELLE PARK
+106% +63%
DEER MOUNTAIN
+82% -27%
TUHAYE/HIDEOUT SOUTH JORDANELLE
+153% -33%
SOUTH JORDANELLE HIDEOUT TOTAL JORDANELLE
+50% +3%
+63% -50%
+104% +13%
QTY SOLD HEBER VALLEY QTY SOLD SOLD HEBER HEBERVALLEY VALLEY QTY
MIDWAY MIDWAY RED RED LEDGES LEDGES
HEBER HEBER TOTAL TOTAL HEBER HEBER VALLEY VALLEY
-12% +28% +550% +100% +36% -53% +33% 0%
+38% -46%
VOLUME SOLD SOLD VOLUME $20,083,799 $96,503,423 +127% +102% $93,373,210 $60,900,910
+98% -26%
$784,478 $1,332,047
AVG SALE SALE AVG $573,822 +10% $1,135,334 +24% $626,665 $1,032,218
+9% +2%
MEDIANSALE SALE MEDIAN $615,000 $910,000 +24% -3% $590,050 $1,007,000
+4% +6%
$89,901,838 $3,854,607 +177% -13%
$936,477 $963,651 +10% +30%
$862,470 +53% $1,027,500 +0%
+73% +3%
$739,666 +15% $1,331,499 0%
$715,000 +11% $1,282,438 -5%
$205,577,848 $261,892,380 +129% +16%
$726,423 +13% $1,119,198 +3%
$712,200 +11% $1,064,782 +9%
$2,219,000 $94,536,440
VOLUME SOLD VOLUME SOLD VOLUME SOLD
-25% +38% $21,757,500 +712% $9,124,800 +140% $6,778,800 +46% $4,324,987 -46% $38,422,000 +77% $35,415,920 +29% $8,835,700 $21,017,133
AVG SALE AVGSALE SALE AVG
-15% +8% $1,673,653 +25% $912,480 +20% $451,920 +7% $308,927 +15% $873,227 +33% $472,212 +29% $589,046 $420,342
435.640.9722 | Zach@UtahLuxuryGroup.com | ZWUTLUX.com
MEDIAN SALE MEDIANSALE SALE MEDIAN $495,000 -31% $374,500 +10% $1,730,000 +29% $900,000 +36% $419,900 -1% $297,075 +13% $581,000 +17% $374,000 +29%
5
VACANT LAND
4th Qtr 2023 | 12 Month Rolling Year-Over-Year Comparison
AREA
6
QTY SOLD
VOLUME SOLD
AVG SALE
MEDIAN SALE
ALL PARK CITY
-75%
$20,800,000
-71%
$2,600,000
+15%
$1,745,000
-11%
ALL SNYDERVILLE BASIN
-27%
$92,290,837
-35%
$1,247,173
-11%
$855,500
-21%
RED LEDGES
-44%
$20,880,355
-39%
$696,011
+10%
$617,500
+3%
PROMONTORY
-43%
$45,027,000
-46%
$1,324,323
-5%
$1,092,500
-9%
JORDANELLE PARK
-63%
$10,004,600
-60%
$769,584
+7%
$822,500 +21%
DEER MOUNTAIN
+100%
$7,849,000
+136%
$981,125
+18%
$1,050,000 +18%
TUHAYE
-52%
$93,993,900
-46%
$1,593,116
+11%
$1,417,900 +21%
HIDEOUT
-41%
$9,070,850
-37%
$477,413
+6%
SOUTH JORDANELLE
-89%
$14,629,900
-78%
$1,044,992
+99%
$1,165,000 +191%
ALL JORDANELLE
-59%
$214,948,250
-30%
$1,604,091
+71%
$1,285,900 +97%
ALL HEBER VALLEY
+32%
$64,365,656
-19%
$825,200
+20%
$470,378
-10%
ALL KAMAS VALLEY
-55%
$15,172,000
-56%
$505,733
-2%
$355,000
-10%
$417,500
+6%
ABSORPTION RATES As of December 2023
The absorption rate is the number of months to sell the currently listed properties in the market factoring in median list price.
PARK CITY LIMITS
Single Family Median List Price: $3,687,500 Below
3.9 months 7.7 months
At $3,687,500 Above
11.5 months
Condo Median List Price: $1,612,500 Below At $1,612,500 Above
1.2 months 3.8 months 6.4 months
SNYDERVILLE BASIN
Single Family Median List Price: $2,522,000 Below At $2,522,000
3.6 months 6.5 months
Above
9.3 months
Condo Median List Price: $1,045,000 Below
4.8 months
At $1,045,000
5.4 months
Above
5.9 months
HEBER VALLEY
Single Family Median List Price: $947,000 Below At $947,000 Above
2.3 months 6.0 months 9.8 months
435.640.9722 | Zach@UtahLuxuryGroup.com | ZWUTLUX.com
7
ZACH WHITE | Associate Broker 435.640.9722 | zach@utahluxurygroup.com
ZWUTLUX.com 1750 Sun Peak Drive | Park City, UT 84098 KW PARK CITY KELLER WILLIAMS REAL ESTATE