Zach White | 4th Quarter 2023 Stats Report - Park City & the Wasatch Back

THE CURRENT REAL ESTATE MARKET Greater Park City Area | 4th Quarter 2023

SINGLE-FAMILY HOMES

4th Qtr 2023 | 12 Month Rolling Year-Over-Year Comparison

PARK CITY

VOLUME SOLD

AVG SALE

MEDIAN SALE

OLD TOWN

-13%

$103,210,056

-22%

$3,822,594

-10%

$3,500,000

-11%

THAYNES CANYON

-64%

$21,023,362

-66%

$4,204,672

-3%

$3,675,000

-5%

LOWER DEER VALLEY

-25%

$31,010,000

-12%

$5,168,333

+17%

$4,567,500

+2%

UPPER DEER VALLEY

-29%

$81,691,797

-23%

$8,169,179

+8%

$7,535,000 +17%

+100%

$50,780,918

+213%

$12,695,229

+57%

$9,929,036 +23%

AERIE

-25%

$19,275,000

+28%

$6,425,000

+71%

$8,200,000 +125%

PROSPECTOR

+17%

$29,827,400

+8%

$2,130,528

-7%

$2,000,000

-3%

PARK MEADOWS

+11%

$113,330,450

+1%

$3,655,820

-9%

$3,150,000

-7%

TOTAL PARK CITY

-11%

$476,010,983

-10%

$4,666,774

+1%

$3,687,500

-5%

EMPIRE PASS

2

QTY SOLD

SNYDERVILLE

QTY SOLD

CANYONS VILLAGE

+50%

VOLUME SOLD

AVG SALE

MEDIAN SALE

+37%

$11,402,712

-8%

$10,430,000

-7%

SUN PEAK/BEAR HOLLOW +267%

$26,024,850 +180%

$2,365,895

-24%

$1,758,750

-53%

SILVER SPRINGS

-14%

$47,427,000

-16%

$2,496,157

-2%

$2,395,000 +11%

OLD RANCH ROAD

+33%

$28,384,500

+29%

$7,096,125

-3%

$3,885,000

-48%

KIMBALL

+40%

$17,247,500

+32%

$1,231,964

-6%

$1,170,000

-7%

PINEBROOK

-17%

$45,867,525

-22%

$1,911,146

-5%

$1,772,500

-9%

SUMMIT PARK

-5%

$26,260,061

+11%

$1,458,892

+17%

$1,412,500 +15%

JEREMY RANCH

+42%

$65,744,882

-1%

$1,933,673

-30%

$1,682,030

GLENWILD

-13%

$73,090,826

-4%

$5,622,371

+11%

$5,800,000 +13%

SILVER CREEK ESTATES

-8%

$28,092,000

-20%

$2,553,818

-13%

$2,075,000

-17%

TRAILSIDE PARK

0%

$38,803,000

+9%

$2,155,722

+9%

$1,592,500

+1%

SILVER CREEK SOUTH

-9%

$36,000,093

+2%

$1,161,293

+12%

$1,190,356 +34%

PROMONTORY

-3%

$359,057,740

+30%

$4,603,304

+33%

$4,150,000 +34%

TOTAL SNYDERVILLE

+4%

$963,040,669

+16%

$3,320,829

+11%

$2,262,500

JORDANELLE

QTY SOLD

$171,040,692

VOLUME SOLD

AVG SALE

-30%

+7%

MEDIAN SALE

+50% CANYONS +50% CANYONS VILLAGE VILLAGE +267% SUN SUN PEAK/BEAR PEAK/BEAR HOLLOW HOLLOW +267%

SILVER SILVER SPRINGS SPRINGS OLD RANCH OLD RANCH ROAD ROAD KIMBALL KIMBALL PINEBROOK PINEBROOK

SUMMIT SUMMIT PARK PARK JEREMY JEREMY RANCH RANCH

GLENWILD GLENWILD SILVER SILVER CREEK CREEK ESTATES ESTATES TRAILSIDE TRAILSIDE PARK PARK SILVER SILVER CREEK CREEK SOUTH SOUTH PROMONTORY PROMONTORY TOTAL TOTAL SNYDERVILLE SNYDERVILLE

-14% -14% +33% +33% +40% +40% -17% -17% -5% -5% +42% +42% -13% -13% -8% -8% 0% 0% -9% -9% -3% -3% +4% +4%

JORDANELLE JORDANELLE

QTY SOLD QTY SOLD

JORDANELLE JORDANELLE PARK PARK DEER DEER MOUNTAIN MOUNTAIN

+14% +14% -20% -20% -16% -16% -78% -78% 0% 0% -49% -49%

TUHAYE TUHAYE SOUTH SOUTH JORDANELLE JORDANELLE HIDEOUT HIDEOUT TOTAL TOTAL JORDANELLE JORDANELLE

HEBER HEBER VALLEY VALLEY

QTY SOLD QTY SOLD

MIDWAY MIDWAY HEBER HEBER NORTH NORTH

-15% -15% +117% +117% 0% 0% +200% +200% -3% -3% +5% +5% +24% +24% -80% -80% -50% -50% -1% -1%

RED RED LEDGES LEDGES SOUTH SOUTH FIELDS FIELDS HEBER HEBER HEBER HEBER EAST EAST

TIMBERLAKES TIMBERLAKES DANIEL DANIEL

CHARLESTON CHARLESTON TOTAL TOTAL HEBER HEBER VALLEY VALLEY

+37% +37% $26,024,850 +180% $26,024,850 +180% $47,427,000 -16% $47,427,000 -16% $28,384,500 +29% $28,384,500 +29% $17,247,500 +32% $17,247,500 +32% $45,867,525 -22% $45,867,525 -22% $26,260,061 +11% $26,260,061 +11% $65,744,882 -1% $65,744,882 -1% $73,090,826 -4% $73,090,826 -4% $28,092,000 -20% $28,092,000 -20% $38,803,000 +9% $38,803,000 +9% $36,000,093 +2% $36,000,093 +2% $359,057,740 +30% $359,057,740 +30% $963,040,669 +16% $963,040,669 +16% $171,040,692 $171,040,692

VOLUME SOLD VOLUME SOLD $24,382,409 $24,382,409 $29,956,850 $29,956,850 $109,301,284 $109,301,284 $76,421,470 $76,421,470 $26,817,017 $26,817,017 $266,879,030 $266,879,030

+76% +76% -34% -34% +11% +11% -44% -44% +19% +19% -16% -16%

VOLUME SOLD VOLUME SOLD

-13% -13% $12,676,300 +55% $12,676,300 +55% $103,590,696 +3% $103,590,696 +3% $4,311,000 +190% $4,311,000 +190% $69,403,237 -13% $69,403,237 -13% $28,377,580 -7% $28,377,580 -7% $20,241,500 +57% $20,241,500 +57% $550,000 -92% $550,000 -92% $16,000,000 +518% $16,000,000 +518% $339,341,217 +1% $339,341,217 +1% $80,035,904 $80,035,904

$11,402,712 $11,402,712 $2,365,895 $2,365,895 $2,496,157 $2,496,157 $7,096,125 $7,096,125 $1,231,964 $1,231,964 $1,911,146 $1,911,146 $1,458,892 $1,458,892 $1,933,673 $1,933,673 $5,622,371 $5,622,371 $2,553,818 $2,553,818 $2,155,722 $2,155,722 $1,161,293 $1,161,293 $4,603,304 $4,603,304 $3,320,829 $3,320,829

-8% -8% -24% -24% -2% -2% -3% -3% -6% -6% -5% -5% +17% +17% -30% -30% +11% +11% -13% -13% +9% +9% +12% +12% +33% +33% +11% +11%

AVG SALE AVG SALE

+54% +54% $2,496,404 -17% $2,496,404 -17% $4,203,895 +32% $4,203,895 +32% $4,022,182 +149% $4,022,182 +149% $2,437,910 +19% $2,437,910 +19% $3,511,566 +65% $3,511,566 +65% $3,047,801 $3,047,801

$10,430,000 $10,430,000 $1,758,750 $1,758,750 $2,395,000 $2,395,000 $3,885,000 $3,885,000 $1,170,000 $1,170,000 $1,772,500 $1,772,500 $1,412,500 $1,412,500 $1,682,030 $1,682,030 $5,800,000 $5,800,000 $2,075,000 $2,075,000 $1,592,500 $1,592,500 $1,190,356 $1,190,356 $4,150,000 $4,150,000 $2,262,500 $2,262,500

-7% -7% -53% -53% +11% +11% -48% -48% -7% -7% -9% -9% +15% +15% -30% -30% +13% +13% -17% -17% +1% +1% +34% +34% +34% +34% +7% +7%

MEDIAN SALE MEDIAN SALE $2,943,262 +55% $2,943,262 +55%

-28% -28% $3,603,335 +26% $3,603,335 +26% $3,974,597 +256% $3,974,597 +256% $2,280,000 +19% $2,280,000 +19% $3,175,000 +94% $3,175,000 +94% $2,152,500 $2,152,500

AVG SALE AVG SALE

MEDIAN SALE MEDIAN SALE

+2% +2% $975,100 -28% $975,100 -28% $3,237,209 +3% $3,237,209 +3% $718,500 -3% $718,500 -3% $788,673 -10% $788,673 -10% $1,351,313 -12% $1,351,313 -12% $963,880 +27% $963,880 +27% $550,000 -61% $550,000 -61% $16,000,000 +1137% $16,000,000 +1137% $1,373,851 +2% $1,373,851 +2%

+3% +3% $775,000 -38% $775,000 -38% $2,782,500 +7% $2,782,500 +7% $737,000 -1% $737,000 -1% $735,000 -9% $735,000 -9% $1,154,300 -12% $1,154,300 -12% $910,000 +35% $910,000 +35% $550,000 -43% $550,000 -43% $16,000,000+1137% $16,000,000+1137% $940,803 -4% $940,803 -4%

$1,290,901 $1,290,901

$1,199,500 $1,199,500

435.640.9722 | ZWUTLUX.com QTY SOLD| Zach@UtahLuxuryGroup.com VOLUME SOLD AVG SALE MEDIAN SALE KAMAS VOLUME SOLD AVG SALE MEDIAN SALE KAMAS VALLEY VALLEY QTY SOLD

3

CONDOMINIUMS

4th Qtr 2023 | 12 Month Rolling Year-Over-Year Comparison

PARK CITY

VOLUME SOLD

AVG SALE

MEDIAN SALE

OLD TOWN

-17%

$156,466,620

-13%

$1,629,860

+5%

$1,161,100

0%

LOWER DEER VALLEY

-22%

$57,954,500

-18%

$1,998,431

+5%

$1,700,000

-6%

$37,036,136 +318%

$7,407,227

+67%

$4,388,000

-1%

DEER CREST

4

QTY SOLD

+150%

UPPER DEER VALLEY

-22%

$71,479,000

-9%

$3,403,761

+17%

$3,600,000 +45%

EMPIRE PASS

-39%

$147,883,413

-17%

$5,281,550

+37%

$4,575,000 +26%

PROSPECTOR

-23%

$14,681,511

-34%

$473,597

-14%

$399,000

-9%

PARK MEADOWS

+24%

$38,637,588

+29%

$1,839,885

+4%

$1,700,000

-3%

TOTAL PARK CITY

-19%

$526,425,756

-7%

$2,269,076

+14%

$1,612,500

+8%

SNYDERVILLE

QTY SOLD

CANYONS VILLAGE

-57%

$222,077,594

-51%

$1,708,289

+14%

$1,374,500

0%

SUN PEAK/BEAR HOLLOW

-20%

$24,773,230

-16%

$1,548,326

+5%

$912,500

-20%

SILVER SPRINGS

+14%

$8,214,780

+6%

$1,026,847

-7%

$980,750

-12%

KIMBALL

-22%

$30,731,525

-30%

$668,076

-11%

$582,500

-21%

PINEBROOK

-50%

$21,206,000

-56%

$848,240

-12%

$750,000

-19%

JEREMY RANCH

-22%

$9,243,935

-5%

$1,320,562

+23%

$1,250,000

+9%

SILVER CREEK SOUTH

-41%

$24,006,975

-20%

$1,043,781

+36%

TOTAL SNYDERVILLE

-48%

$341,004,039

-46%

$1,332,047

+4%

JORDANELLE

QTY SOLD

JORDANELLE PARK

+63%

$96,503,423 +102%

$1,135,334

+24%

$910,000

-3%

DEER MOUNTAIN

-27%

$60,900,910

-26%

$1,032,218

+2%

$1,007,000

+6%

SOUTH JORDANELLE

-33%

$3,854,607

-13%

$963,651

+30%

HIDEOUT

+3%

$94,536,440

+3%

$1,331,499

0%

$1,282,438

-5%

TOTAL JORDANELLE

+13%

$261,892,380

+16%

$1,119,198

+3%

$1,064,782

+9%

HEBER VALLEY

QTY SOLD

MIDWAY

-12%

VOLUME SOLD

VOLUME SOLD

VOLUME SOLD $8,835,700

-25%

AVG SALE

MEDIAN SALE

AVG SALE

$987,285

-8%

MEDIAN SALE

AVG SALE $589,046

$950,000 +51%

-15%

$1,027,500 +53%

MEDIAN SALE $495,000

-31%

PARK CITY PARK CITY

QTY SOLD QTY SOLD

VOLUME SOLD VOLUME SOLD

OLD TOWN OLD TOWN LOWER DEER VALLEY LOWER DEER VALLEY DEER CREST DEER CREST UPPER DEER VALLEY UPPER DEER VALLEY EMPIRE PASS EMPIRE PASS AERIE PROSPECTOR PROSPECTOR PARK MEADOWS PARK MEADOWS TOTAL PARK CITY TOTAL PARK CITY

+66% -17% +193% -22% +13% +150% +150% -22% +348% -39% +250% -23% +27% +24% -8% -19% +91%

$171,488,011 +85% $156,466,620 -13% $117,086,101 +254% $57,954,500 -18% $23,995,000 +15% $37,036,136 +318% $250,305,868 +251% $71,479,000 -9% $304,457,659 +467% $147,883,413 -17% $11,823,500 +297% $14,681,511 -34% $23,105,100 +72% $38,637,588 +29% $48,395,127 +14% $526,425,756 -7% $950,879,367 +188%

SNYDERVILLE SNYDERVILLE

QTY SOLD

VOLUME SOLD

AVG SALE

MEDIAN SALE

QTY SOLD

VOLUME SOLD

AVG SALE

MEDIAN SALE

-57% CANYONS VILLAGE -20% CANYONS VILLAGE SUN PEAK/BEAR HOLLOW +49%

AVG SALE AVG SALE $883,958 $1,629,860 $1,377,483 $1,998,431 $2,666,111 $7,407,227 $2,781,176 $3,403,761 $3,238,911 $5,281,550 $1,689,071 $473,597 $355,463 $1,839,885 $1,307,976 $2,269,076 $1,633,813

+11% +5% +21% +5% +3% +67% +40% +17% +27% +37% +14% -14% +35% +4% +23% +14% +50%

MEDIAN SALE MEDIAN SALE $702,500 +14% $1,161,100 0% $1,225,000 +14% $1,700,000 -6% $2,900,000 +4% $4,388,000 -1% $2,460,000 +44% $3,600,000 +45% $2,927,500 +46% $4,575,000 +26% $1,730,000 +16% $399,000 -9% $225,000 +15% $1,700,000 -3% $1,200,000 +22% $1,612,500 +8% $1,195,000 +51%

0%

$222,077,594

-51%

$1,708,289

+14%

$1,374,500

$300,993,568 $24,773,230

+3% -16%

$864,924 $1,548,326

-31% +5%

$597,500 $912,500 -37% -20%

+14% SUN PEAK/BEAR SILVER SPRINGS HOLLOW +211% -27% -22% SILVER SPRINGS KIMBALL

$60,720,877 $8,214,780 +394% +6%

$1,084,301 $1,026,847 +59% -7%

$746,036 $980,750 +40% -12%

$6,240,500 $30,731,525

-13% -30%

$780,062 $668,076 +20% -11%

$797,500 $582,500 +23% -21%

KIMBALL PINEBROOK PINEBROOK JEREMY RANCH

$45,881,865 $21,206,000

+86% -56%

$477,936 $848,240 +14% -12%

$457,500 $750,000 +19% -19%

+136% -22%

$59,271,197 $9,243,935 +190% -5%

$644,252 +23% $1,320,562 +23%

$654,500 +26% $1,250,000 +9%

JEREMYCREEK RANCH SILVER SOUTH TOTAL SNYDERVILLE

+77% -41%

$18,767,400 $24,006,975 +130% -20%

$815,973 +30% $1,043,781 +36%

$800,000 $950,000 +27% +51%

+70% -48%

$507,557,362 $341,004,039

-19% +4%

$605,000 $987,285 -13% -8%

JORDANELLE JORDANELLE

QTY SOLD SOLD QTY

JORDANELLE PARK

+106% +63%

DEER MOUNTAIN

+82% -27%

TUHAYE/HIDEOUT SOUTH JORDANELLE

+153% -33%

SOUTH JORDANELLE HIDEOUT TOTAL JORDANELLE

+50% +3%

+63% -50%

+104% +13%

QTY SOLD HEBER VALLEY QTY SOLD SOLD HEBER HEBERVALLEY VALLEY QTY

MIDWAY MIDWAY RED RED LEDGES LEDGES

HEBER HEBER TOTAL TOTAL HEBER HEBER VALLEY VALLEY

-12% +28% +550% +100% +36% -53% +33% 0%

+38% -46%

VOLUME SOLD SOLD VOLUME $20,083,799 $96,503,423 +127% +102% $93,373,210 $60,900,910

+98% -26%

$784,478 $1,332,047

AVG SALE SALE AVG $573,822 +10% $1,135,334 +24% $626,665 $1,032,218

+9% +2%

MEDIANSALE SALE MEDIAN $615,000 $910,000 +24% -3% $590,050 $1,007,000

+4% +6%

$89,901,838 $3,854,607 +177% -13%

$936,477 $963,651 +10% +30%

$862,470 +53% $1,027,500 +0%

+73% +3%

$739,666 +15% $1,331,499 0%

$715,000 +11% $1,282,438 -5%

$205,577,848 $261,892,380 +129% +16%

$726,423 +13% $1,119,198 +3%

$712,200 +11% $1,064,782 +9%

$2,219,000 $94,536,440

VOLUME SOLD VOLUME SOLD VOLUME SOLD

-25% +38% $21,757,500 +712% $9,124,800 +140% $6,778,800 +46% $4,324,987 -46% $38,422,000 +77% $35,415,920 +29% $8,835,700 $21,017,133

AVG SALE AVGSALE SALE AVG

-15% +8% $1,673,653 +25% $912,480 +20% $451,920 +7% $308,927 +15% $873,227 +33% $472,212 +29% $589,046 $420,342

435.640.9722 | Zach@UtahLuxuryGroup.com | ZWUTLUX.com

MEDIAN SALE MEDIANSALE SALE MEDIAN $495,000 -31% $374,500 +10% $1,730,000 +29% $900,000 +36% $419,900 -1% $297,075 +13% $581,000 +17% $374,000 +29%

5

VACANT LAND

4th Qtr 2023 | 12 Month Rolling Year-Over-Year Comparison

AREA

6

QTY SOLD

VOLUME SOLD

AVG SALE

MEDIAN SALE

ALL PARK CITY

-75%

$20,800,000

-71%

$2,600,000

+15%

$1,745,000

-11%

ALL SNYDERVILLE BASIN

-27%

$92,290,837

-35%

$1,247,173

-11%

$855,500

-21%

RED LEDGES

-44%

$20,880,355

-39%

$696,011

+10%

$617,500

+3%

PROMONTORY

-43%

$45,027,000

-46%

$1,324,323

-5%

$1,092,500

-9%

JORDANELLE PARK

-63%

$10,004,600

-60%

$769,584

+7%

$822,500 +21%

DEER MOUNTAIN

+100%

$7,849,000

+136%

$981,125

+18%

$1,050,000 +18%

TUHAYE

-52%

$93,993,900

-46%

$1,593,116

+11%

$1,417,900 +21%

HIDEOUT

-41%

$9,070,850

-37%

$477,413

+6%

SOUTH JORDANELLE

-89%

$14,629,900

-78%

$1,044,992

+99%

$1,165,000 +191%

ALL JORDANELLE

-59%

$214,948,250

-30%

$1,604,091

+71%

$1,285,900 +97%

ALL HEBER VALLEY

+32%

$64,365,656

-19%

$825,200

+20%

$470,378

-10%

ALL KAMAS VALLEY

-55%

$15,172,000

-56%

$505,733

-2%

$355,000

-10%

$417,500

+6%

ABSORPTION RATES As of December 2023

The absorption rate is the number of months to sell the currently listed properties in the market factoring in median list price.

PARK CITY LIMITS

Single Family Median List Price: $3,687,500 Below

3.9 months 7.7 months

At $3,687,500 Above

11.5 months

Condo Median List Price: $1,612,500 Below At $1,612,500 Above

1.2 months 3.8 months 6.4 months

SNYDERVILLE BASIN

Single Family Median List Price: $2,522,000 Below At $2,522,000

3.6 months 6.5 months

Above

9.3 months

Condo Median List Price: $1,045,000 Below

4.8 months

At $1,045,000

5.4 months

Above

5.9 months

HEBER VALLEY

Single Family Median List Price: $947,000 Below At $947,000 Above

2.3 months 6.0 months 9.8 months

435.640.9722 | Zach@UtahLuxuryGroup.com | ZWUTLUX.com

7

ZACH WHITE | Associate Broker 435.640.9722 | zach@utahluxurygroup.com

ZWUTLUX.com 1750 Sun Peak Drive | Park City, UT 84098 KW PARK CITY KELLER WILLIAMS REAL ESTATE