Page 1 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Park City MLS Trend Statistics Table of Contents Definitions
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(Print Report on Legal Landscape) -
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Macro View Number of Units Sold, All Classes, All Areas Total Dollar Volume of Sold Units across the entire MLS Median Price of All Properties Sold across the entire MLS Average Price of All Properties Sold across the entire MLS
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(By Year since 1999) (By Year since 1999) (By Year since 1999) (By Year since 1999)
Page 3 Page 4 Page 5 Page 6
Single Family - Rolling 12 Month Number (Rolling 12 Month Total) of Single Family Properties Sold (Areas 1-23) Median Price (Rolling 12 Month Median) of Single Family Homes Sold (Areas 1-23) Average Price (Rolling 12 Month Average) of Single Family Homes Sold (Areas 1-23)
(By Month since Jan 2007) (By Month since Jan 2007) (By Month since Jan 2007)
Page 7 Page 8 Page 9
Condominium - Rolling 12 Month Number (Rolling 12 Month Total) of Condominiums sold (Areas 1-23) Median Price (Rolling 12 Month Median) of Condominiums Sold (Areas 1-23) Average Price (Rolling 12 Month Average) of Condominiums Sold (Areas 1-23)
(By Month since Jan 2007) (By Month since Jan 2007) (By Month since Jan 2007)
Page 10 Page 11 Page 12
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Park City MLS Trend Statistics
Page 2 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Definitions Trend Statistics: The Statistical Trend Graphs were designed to show long term trends in the market using values from larger time frames (e.g., "Rolling 12 Month"). They show overall market movement rather than specifics. NOTE: The Park City MLS does not recommend using these graphs to determine values of specific properties. Read the definition for the Rolling 12 Month (below) carefully to fully understand the significance of the Trend Reports.
Mean (often called the Average): The sum of the values divided by the number of values.
Median: The median is the middle value In an ordered string of values. Therefore, half of the values will be higher and half of the values will be lower. * Examples of Mean & Median: In the following set of values (10, 20, 30, 100, 140) the Mean (Average) is 60 and the Median is 30. Rolling 12 Month: The value is obtained by gathering all of the values in the 12 months preceding the date and taking the appropriate value from the set. This value might be expressed as a MEAN (Average), a MEDIAN, or a TOTAL. For example, the Rolling 12 Month Median Price for a property as of December, 2009, would be the median price for all properties sold from January 1, 2009 through December 31, 2009. This is done because in some instances (always labeled as such) the Park City Board of REALTORS® needs to use a larger set of values in order to establish a significant trend. This allows us to minimize the disruption to the statistics caused by the periodic sales of abnormally high priced properties and seasonal sales.
Areas:
The areas defined by the Park City Board of REALTORS®
Areas Areas Areas Areas
Park City’s municipal limits The Snyderville basin, Promontory, and the Jordanelle. The combination of Park City, the Snyderville basin, Promontory area, and the Jordanelle area. All areas in the Park City MLS ( Includes state, national, and international transactions).
1-9 10-23 1-23 1-41
Maps with our Area overlays are available from your local Park City REALTOR®.
NOTE: All of the numbers in these charts are Closed transactions.
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Page 3 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Park City MLS Trend Statistics Number of Units Sold - All Classes, All Areas - Year by Year Since 1999 Total Number of Units Sold During the Time Period All Classes (Single Family, Condominium, Multi-Class, Vacant Land, Fractional, and Commercial) All Park City MLS Areas (1-41) Yearly Totals
4,500 4,000
Number of Units Sold / Year
3,500 3,000 2,500 2,000 1,500 1,000 500 # of Units Sold
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
1,721
1,665
1,713
1,951
2,302
3,045
4,028
2,812
2,452
1,341
1,130
1,421
1,662
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Page 4 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Park City MLS Trend Statistics Total Dollar Volume of Sold Units - All Classes, All Areas - Year by Year Since 1999 Total Dollar Volume (Closed Price) of Units Sold During the Time Period All Classes (Single Family, Condominium, Multi-Class, Vacant Land, Fractional, and Commercial) All Park City MLS Areas (1-41) Yearly Totals (Each point represents the total number of closed transactions during that year) $2,500,000,000
$2,000,000,000
$1,500,000,000
$1,000,000,000
$500,000,000
$Sold Volume
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
$693,453,289
$666,128,847
$649,565,247
$689,218,858
$779,526,248
$1,244,496,656
$2,128,923,506
$1,925,502,480
$2,034,191,083
$1,033,059,185
$867,230,118
1,009,582,720
1,077,426,368
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Page 5 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Park City MLS Trend Statistics Median Price of Sold Units - All Classes, All Areas - Year by Year Since 1999 Median Closed Price of Units Sold During the Time Period All Classes (Single Family, Condominium, Multi-Class, Vacant Land, Fractional, and Commercial) All Park City MLS Areas (1-41) Yearly Totals $900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$Median Price
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
$246,000
$260,394
$230,000
$250,000
$225,000
$275,900
$366,807
$475,000
$540,000
$480,000
$411,000
398,000
350,000
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Page 6 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Park City MLS Trend Statistics Average Price of Sold Units - All Classes, All Areas - Year by Year Since 1999 Average Closed Price of Units Sold During the Time Period All Classes (Single Family, Condominium, Multi-Class, Vacant Land, Fractional, and Commercial) All Park City MLS Areas (1-41) Yearly Totals (Each point represents the Average Sold Price of the transactions closed during that year) $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $Average Price
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
$402,936
$400,077
$379,197
$353,264
$338,630
$408,702
$528,531
$684,745
$829,605
$770,365
$767,460
710,473
648,271
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Park City MLS Trend Statistics
Page 7 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Single Family Units Sold
600
Single Family Number of Units Sold Rolling 12 Month Totals (Each point represents the TOTAL Units Sold in the preceding 12 months)
Areas 1-9 (Rolling 12 - Units Sold) Areas 10-23 (Rolling 12 - Units Sold)" Areas 1-23 (Rolling 12 - Units Sold)
500
Units Sold
400
300
200
100
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Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Park City MLS Trend Statistics
Page 8 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Single Family Median Price Single Family Median Sales Price of Sold Units Rolling 12 Month Median Price (Each point represents the median Sales Price of the preceding 12 months)
Areas 1-9 (Rolling 12 - Median) Areas 10-23 (Rolling 12 - Median) Areas 1-23 (Rolling 12 - Median)
$2,500,000 $2,300,000 $2,100,000
Median Sold Price
$1,900,000 $1,700,000 $1,500,000 $1,300,000 $1,100,000 $900,000 $700,000 $500,000
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Park City MLS Trend Statistics
Page 9 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Single Family Average Price Single Family Average Sales Price of Sold Units Rolling 12 Month Average Price (Each point represents the Average Sales Price of the preceding 12 months)
Areas 1-9 (Rolling 12 - Average) Areas 10-23 (Rolling 12 - Average) Areas 1-23 (Rolling 12 - Average)
$2,500,000
$2,300,000
$2,100,000
Average Sold Price
$1,900,000
$1,700,000
$1,500,000
$1,300,000
$1,100,000
$900,000
$700,000
$500,000
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Page 10 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Park City MLS Trend Statistics Condominium Units Sold Condominium Number of Units Sold Rolling 12 Month Totals (Each point represents the TOTAL Units Sold in the preceding 12 months) 800
Areas 1-9 (Rolling 12) Areas 10-23 (Rolling 12) Areas 1-23 (Rolling 12)
700
600
Units Sold
500
400
300
200
100
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Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Park City MLS Trend Statistics
Page 11 Printed 7/6/2012 at 5:49 PM www.ParkCityRealtors.com
Condominium Median Sold Price Condominium Median Sales Price of Sold Units Rolling 12 Month Median Price (Each point represents the median sales price of the preceding 12 months)
Areas 1-9 (Rolling 12) Areas 10-23 (Rolling 12) Areas 1-23 (Rolling 12)
$1,400,000
$1,200,000
Median Sold Price
$1,000,000
$800,000
$600,000
$400,000
$200,000
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed
Park City MLS Trend Statistics Condominium Average Sold Price
$1,400,000
Condominium Average Sales Price of Sold Units Rolling 12 Month Average Price (Each point represents the Average sales price of the preceding 12 months)
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Areas 1-9 (Rolling 12 Average) Areas 10-23 (Rolling 12 Average) Areas 1-23 (Rolling 12 Average)
$1,200,000
Average Sold Price
$1,000,000
$800,000
$600,000
$400,000
$200,000
Ask a Park City REALTOR® for help interpreting these graphs.
PCMLS Trend Statistics - 2012-06 - Printed July 2012
©2010 Park City Board of REALTORS®
The information in these confidential graphs is deemed accurate, but is not guaranteed