Park City Sales Update

The most affordable markets in Park City, condominiums in Prospector and Kimball Junction, experienced a huge surge in sales. Prospector sales increased by 146% while Kimball Junction sales increased 77%. While appreciation was just 4% in Prospector, the median sale price for condos in Kimball Junction increased by 58%. Many of these sales are attributed to Newpark Terrace, which was recently completed. Sidenote—I love Newpark Terrace. There are just a few left. Let me know if you are interested in these darling 2-bedroom condos with mountain views and walking distance to everything in Newpark.

Old Town condominiums continue to sell at a rapid pace of almost 12 per month. Median sale price is up 21%.

The Snyderville Basin had twice as many single family sales and appreciated almost 3 times more than Park City limits. The median sale price of single family homes in 84098 (Snyderville Basin) increased 20%, while the median sale price of single family homes in 84060 (Park City Proper) increased by 7%. There were 180 homes sold in 84060 and 350 sold in 84098.

The Silver Springs neighborhood median sale price increased by 25%. Our realtor group predicted that appreciation would slow down in that neighborhood.

Condominiums in the Jordanelle area continue to sell as fast as they can be built. Sales increased by 7% while median sale price was up about 9%.

Information courtesy of Nancy Tallman from the Park City Board of Realtors.