Park City Utah Real Estate

September 2007

Park City Home Prices have seen dramatic increases over the last few years with the average single family home price going from $476,000 in 2003 to over 1.1 million dollars in 2007. Park City Condos have seen prices increase even more impressively with the average price going from $272,000 to over $790,000 for the same period.

Period	Homes Sold	Condos Sold	Average Home Price	Average Condo Price
2nd Q 2007	406	408	$1,104,746	$791,666
1st Q 2007	186	237	$1,233,158	$718,408
2006 Year End	908	780	$972,555	$590,544
3rd Q 2006	696	601	$1,004,079	$600,085
2nd Q 2006	459	456	$1,080,118	$609,496
1st Q 2006	212	252	$1,089,532	$641,337
2005 Year End	1206	1436	$731,814	$435,700
3rd Q 2005	886	1138	$702,601	$421,400
2nd Q 2005	556	734	$690,930	$422,067
1st Q 2005	216	326	$710,333	$461,473
2004 Year End	948	1137	$606,547	$342,998
2003 Year End	777	831	$476,241	$272,808

These large increases in home prices have been driven by the second home market, where people want to take advantage of the world class ski resorts and numerous summer outdoor activities, such as hiking, mountain biking and horse riding. Park City which hosted the 2002 Winter Olympics is in close proximity to 3 major ski resorts, Deer Valley, Park City Mountain Resort, and the Canyons providing excellent skiing for all skill levels.

Park City Real Estate Agent Tracie Peay provides more than 10 years experience in the Park City Real Estate market. If you are interested in purchasing a property in the area then feel free to explore the Park City MLS where you will find numerous home listings in and around the Park City area.


Return to Leslye Stratton Realtor home page

Telephone (801) 209 7854		Email: leslye@urbanutah.com

	Links to web sites outside this site are provided for convenience only and we assume no responsibility for their content.