The first quarter of 2016, indicated a steady annual increase of 6% in the median sales price for single family homes, condominiums, and vacant lots in Summit and Wasatch Counties. Single Family Home prices are on par with those in 2007 without equalizing with the price highs seen in 2008.
Break Down of Q1 Sales
Though the number of Single Family Home sales was down 12% within the Park City Limits (84060) and 4% in the Snyderville Basin (84098), the median price, in both locations, was up 13%. Within Park City Limits, the number of condominium sales was down 19% compared to last year’s number but up 7% in median sales price. The lack of active listings for homes under the median price point has been a