A few 2019 year end market stats
Overall market volume was up 18% over 2018 to over 2.6 Billion in total sales, with an average sales price increase of 3% year over year. That reflects over 2300 data point sales of condos, homes, lots etc!
Here is a brief summary of Single Family home sales, showing Year Over Year performance, 2018 vs 2019 in a few select prime Park City market areas:
Upper Deer Valley area: very active! 55% higher sales volume, at an average sales price of $5M!
Lower Deer Valley: strong sales 6% higher volume, at average sales price of $2.5M
Deer Crest: Although only five sales in 2019, the average sales price was up 33% to $9M! (Caveat… Much of this number is due to one 23M sale! Leave this out, and average is about 6M!)
Park Meadows: One of our strongest areas, nearly doubling 2018 sales from 35 in 2018 to 60 in 2019. Average sales price of 2.2M
Old Town: 50 home sales, same as 2018! Average sale price up 4% to 2.15m
Promontory: Always the highest number of sales of any single area! (80, and up 16% over 2018) Average sales price of 2.4M
Pinebrook: 42 home sales, remarkably the exact same as 2018! However, average sales price was up 20% to 1.2M!
Jeremy Ranch: 27% higher sales volume over 2018, with a whopping 61 home sales! Average sales price up 6% to 1.2M
Tuhaye/Hideout area: 2019 doubled the dollar sales volume in this area, with the average sales price up 60% to $2M
Overall, a great year in the Park City/Deer Valley Real Estate market!