Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for May 2016. These 60-second videos focus on units sold, median sales price, days on market and the inventory of homes for sale.
Greater Park City Area – Single Family Homes: Active inventory was down 15% from 2015 with 704 units on the market and up 6% from the previous month. The median listing price was just under $1,300,000. The average days on market was up 18% from 100 days in 2015 to 118 days in 2016. The median sales price was just under $745,000. The averages for units sold in the month of May show a increase of 34% for units sold during May year over year and a 26% increase month over month with a total of 117 units sold.
Greater Park City Area – Condominiums: Active inventory was down 16% from 2015 with 423 units on the market and down 6% from the previous month. The median listing price was just under $700,000. The average days on market was down 33% from 120 days in 2015 to 80 days in 2016. The median sales price was $500,000. The averages for the month of May show a decrease of 49% for units sold year over year and down 30% over the previous month with a total of 43 units sold.
To find out more about all our local real estate markets, view our 60-second market videos, infographics and reports at: www.parkcitymarketupdate.comhttp://ow.ly/x3Cy301n7kW