2024 | Q2
Park City | Snyderville Basin | Jordanelle | Heber Valley | Kamas Valley
Single-Family Home • CondO • LAND
Market Report
2510 W White Pine Lane Park City, UT 84060
04 07 09 11 13 15 17
2024 Q2 Overview Major Areas Summary Park City Limits Snyderville Basin Jordanelle Heber Valley Kamas Valley
Table of Contents
Demand returned to pre-covid “normal levels". The six-month comparison for pended sales is actually 3% above pre-covid and closed sales are almost the exact same, being less than 1% of normal. However, each of our market segments have responded somewhat differently with an easy example of trend for number of sales between say Heber and Kamas. Inventory levels, however, for the past several years continues to struggle to be 80% of pre-covid levels. Overall, with demand returning to normal levels while inventory lags, one would assume we are still in a seller’s market. Overall, pricing continues its rise with median prices for SFR and Condos for GPC increasing 13% (compared to NAR at 5.4%). However, this is not true for all market segments in part due to product mix and new construction. Prices for SFHs in town and in the basin increased by double digits. While median prices for condos in town are down 10%. On the other hand, vacant land increased a staggering 30%. To state that our market is very nuanced is an understatement. Each of our market segments require knowledgeable agents in order to assist buyers and sellers.
Park City Real Estate
Narrative by Rick Klein, Park City Board of REALTORS®
Data sourced from Park City MLS for the period of 04/01/2024 to 06/30/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified.
4862 Enclave Way 18 Park City, UT 84098
Median Sold Price | 2020 - 2024 Q2 | All Major Areas
Number of Sold Properties
Data sourced from MLS for the period of 04/01/2024 to 06/30/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Park City | Snyderville Basin | Jordanelle | Kamas Valley | Heber Valley
All Major Areas | {{page}}
Major Areas Summary
42
Median Days on Market
Median Sold Price
Single-Family Homes
$1,734,500
231
82
Q2 2024 Total Properties Sold
87
92
Q2 2023 Total Properties Sold
Condo/Townhome
Park City Limits
Park City Limits | {{page}}
$4,550,000
Median Sold Price | 2020 - 2024 Q2 | Park City Limits
22
167
134
Median Sold Price | 2020 - 2024 Q2 | Snyderville Basin
Snyderville Basin
21
$2,265,000
77
Snyderville Basin | {{page}}
$3,763,000
Jordanelle
25
101
Jordanelle | {{page}}
159
151
Median Sold Price | 2020 - 2024 Q2 | Jordanelle
88
Heber Valley | {{page}}
Heber Valley
78
$1,075,000
128
35
Median Sold Price | 2020 - 2024 Q2 | Heber Valley
Kamas Valley | {{page}}
39
55
Kamas Valley
29
Median Sold Price | 2020 - 2024 Q2 | Kamas Valley
$959,459
©2024 Engel & Völkers. All rights reserved. Information provided by Park City Board of Realtors. Numbers are approximate. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Each brokerage independently owned and operated. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principals of the Fair Housing Act. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing.
Engel & Völkers Park City 890 Main Street Suite 5101 Park City, UT 84060 (435) 850-7000 parkcity.evrealestate.com @evparkcity
1404 Hailstone Dr Heber City, UT 84032