Page 1

MARK E T R E PO RT WASATCH COUNTY Q1 2019


C O N T E N TS WAS ATC H C O U N T Y Q 1 2 0 1 9 M A R K E T R E P O R T

05 – GREATER PARK CITY 06 – PARK CITY PROPER 07 – PARK CITY EXTENDED 08 – SUMMIT COUNTY 09 – WASATCH COUNTY 10 – HEBER 11 – HEBER EAST 12 – HEBER NORTH 13 – RED LEDGES 14 – SOUTH FIELDS 15 – TIMBERLAKES 16 – CHARLESTON 17 – DANIEL 18 – MIDWAY 19 – SUNDANCE & PROVO CANYON

Based on information from sources including Park City Board of REALTORS® MLS for the period 1-1-2019 through 12-31-2019; information not verifiable by Park City Board of REALTORS®. ©MMXIX Sotheby’s International Realty Affiliates, Inc. All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Each Office Is Independently Owned And Operated. Copyright© Summit Sotheby’s International Realty 2019.


G R E AT E R PA R K C I T Y REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA LES Q1 2019

196

Q1 2018

224

S F SOL D VOLU ME

-13%

Single Family Homes

Q1 2019

$300,545,695

Q1 2018

$284,707,698

Condos 2019

2018

2019

-13%

175

212

21%

144

68

-53%

$300,545,695

6%

$176,978,900

$176,508,118

0%

$60,384,832

$42,975,210

-29%

$1,271,017

$1,533,396

21%

$1,011,308

$832,585

-18%

$419,339

$631,988

51%

Average Sales Price Per Sq. Ft.

$331

$333

1%

$532

$445

-16%

$0

$0

0%

List Price to Sales Price Ratio

94.78%

95.67%

1%

97.13%

97.75%

1%

93.06%

91.20%

-2%

90

121

34%

72

104

44%

240

241

0%

Active Listings

696

667

-4%

498

514

3%

670

703

5%

Months of Inventory

9.2

8.9

-3%

6.6

7.1

8%

13.1

29.3

124%

Sold Volume

Average Sales Price

Average Days on Market

2019

%

224

196

$284,707,698

Vacant Land

2018

Number of Sales

2018

6%

%

%

Market Report –

5


PA R K C I T Y P R O P E R REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

SF N UMBE R O F SA L ES Q1 2019

37

Q1 2018

36

S F SOL D VOLU ME 3%

Single Family Homes

Q1 2019

$115,989,500

Q1 2018

$81,599,863

Condos

42%

Vacant Land

2018

2019

%

2018

2019

2018

2019

36

37

3%

78

66

-15%

7

8

14%

Sold Vo lume

$81,599,863

$115,989,500

42%

$121,682,788

$81,706,084

-33%

$7,655,000

$13,125,000

71%

Average Sales Price

$2,266,663

$3,134,851

38%

$1,560,036

$1,237,971

-21%

$1,093,571

$1,640,625

50%

Average Sales Price Per Sq. Ft.

$645

$605

-6%

$734

$667

-9%

$0

$0

0%

List Price to Sales Price Ratio

94.74%

95.26%

1%

96.68%

96.20%

0%

90.13%

93.93%

4%

Average Days on Market

125

212

70%

78

126

62%

464

85

-82%

Active Listings

176

165

-6%

231

255

10%

47

60

28%

Months of Inventory

14.7

13.8

-6%

8.0

14.2

78%

23.5

20.0

-15%

Number of Sales

6

– Market Report

%

%


PA R K C I T Y E X T E N D E D REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA LES Q1 2019

56

Q1 2018

52

S F SOL D VOLU ME 8%

Single Family Homes

Q1 2019

$89,198,107

Q1 2018

$88,736,240

Condos

1%

Vacant Land

2018

2019

%

2018

2019

2018

2019

52

56

8%

58

70

21%

25

12

-52%

Sold Volume

$88,736,240

$89,198,107

1%

$36,420,752

$55,601,326

53%

$15,364,250

$10,265,000

-33%

Average Sales Price

$1,706,466

$1,592,823

-7%

$627,944

$794,305

26%

$614,570

$855,417

39%

Average Sales Price Per Sq. Ft.

$357

$352

-1%

$452

$441

-2%

$0

$0

0%

List Price to Sales Price Ratio

93.41%

96.16%

3%

98.03%

97.32%

-1%

93.53%

93.55%

0%

Average Days on Market

101

87

-14%

56

89

59%

218

226

4%

Active Listings

177

156

-12%

173

192

11%

161

161

0%

Months of Inventory

13.6

9.2

-32%

5.8

7.4

28%

20.1

32.2

60%

Number of Sales

%

%

Market Report –

7


SUMMIT COUNTY REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N UMBE R O F SA LES Q1 2019

119

Q1 2018

109

S F SOL D VOLU ME 9%

Single Family Homes

Q1 2019

$225,059,443

Q1 2018

$171,276,060

31%

Condos

Vacant Land

2018

2019

%

2018

2019

%

2018

2019

109

119

9%

135

137

1%

63

31

-51%

$171,276,060

$225,059,443

31%

$156,359,040

$132,089,810

-16%

$30,675,350

$26,229,650

-14%

$1,571,340

$1,891,256

20%

$1,158,215

$964,159

-17%

$486,910

$846,118

74%

Average Sales Price Per Sq. Ft.

$410

$399

-3%

$609

$529

-13%

$0

$0

0%

List Price to Sales Price Ratio

94.14%

95.46%

1%

96.98%

96.50%

0%

92.59%

93.39%

1%

Average Days on Market

108

139

29%

69

107

55%

221

201

-9%

Active Listings

424

375

-12%

400

451

13%

337

347

3%

Months of Inventory

12.5

9.4

-25%

6.9

10.5

52%

18.7

31.5

68%

Number of Sales

Sold Volume

Average Sales Price

8

– Market Report

%


WA S AT C H C O U N T Y REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N UMBE R O F SA LES Q1 2019

48

Q1 2018

83

S F SOL D VOLU ME

-42%

Single Family Homes

$91,973,438

Condos %

Vacant Land 2019

-42%

30

59

97%

78

28

-64%

$48,170,252

-48%

$16,083,213

$37,955,633

136%

$28,235,482

$13,003,400

-54%

$1,108,114

$1,003,547

-9%

$536,107

$643,316

20%

$361,993

$464,407

28%

Average Sales Price Per Sq. Ft.

$282

$243

-14%

$289

$307

6%

$0

$0

0%

List Price to Sales Price Ratio

95.77%

98.35%

3%

99.94%

101.84%

2%

95.16%

86.89%

-9%

70

103

47%

69

112

62%

262

247

-6%

Active Listings

182

201

10%

76

49

-36%

287

313

9%

Months of Inventory

5.2

10.1

94%

6.3

2.0

-68%

9.3

31.3

237%

Average Days on Market

48

$91,973,438

-48%

2018

Average Sales Price

83

Q1 2018

2019

Sold Volume

2019

$48,170,252

2018

Number of Sales

2018

Q1 2019

%

%

Market Report –

9


HEBER REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N UMBE R O F SA LES Q1 2019

18

Q1 2018

11

S F SOL D VOLU ME 64%

Single Family Homes 2018

2019

11

18

Sold Volume

$4,296,657

Average Sales Price

Q1 2019

$10,273,375

Q1 2018

$3,750,450

Condos

Vacant Land

2018

2019

2018

2019

64%

1

7

600%

0

3

300%

$10,273,375

139%

$235,000

$1,723,835

634%

$0

$2,769,000

276M%

$390,605

$570,743

46%

$235,000

$246,262

5%

$0

$923,000

92M%

Average Sales Price Per Sq. Ft.

$178

$170

-4%

$146

$206

41%

$0

$0

0%

List Price to Sales Price Ratio

99.47%

97.00%

-2%

100.00%

102.27%

2%

0.00%

73.14%

73%

Average Days on Market

43

83

93%

3

Active Listings

22

31

41%

21

3

-86%

35

37

Months of Inventory

5.5

3.9

-29%

21.0

0.8

-96%

0.0

37.0

Number of Sales

10

– Market Report

%

139%

%

80 2,567%

0

%

465 46,500%

6%

3,700%


HEBER EAST REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA L ES Q1 2019

1

Q1 2018

4

S F SOL D VOLU ME

-75%

Single Family Homes

1

1

0%

$1,600,000

-30%

$200,000

$340,000

70%

$570,950

$1,600,000

180%

$200,000

$340,000

70%

Average Sales Price Per Sq. Ft.

$131

$257

96%

$0

$0

0%

List Price to Sales Price Ratio

97.08%

100.00%

3%

100.50%

92.14%

-8%

115

11

-90%

6

12

7

-42%

5

6

20%

6.0

7.0

17%

5.0

6.0

20%

Active Listings

Months of Inventory

$2,283,800

Vacant Land

-75%

Average Days on Market

1

$2,283,800

%

Average Sales Price

4

Q1 2018

-30%

2019

Sold Volume

2019

$1,600,000

2018

Number of Sales

2018

Q1 2019

%

241 3,917%

Market Report –

11


HEBER NORTH REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA LES Q1 2019

2

Q1 2018

4

S F SOL D VOLU ME

-50%

Single Family Homes

$1,268,000

Q1 2018

$1,732,000

-27%

Vacant Land

2018

2019

4

2

-50%

1

0 -100%

Sold Volume

$1,732,000

$1,268,000

-27%

$143,040

$0 -100%

Average Sales Price

$433,000

$634,000

46%

$143,040

$0 -100%

Average Sales Price Per Sq. Ft.

$143

$163

14%

$0

List Price to Sales Price Ratio

97.69%

98.75%

1%

96.00%

0.00% -100%

140

320

129%

239

0 -100%

5

9

80%

7

9.0 429%

7.0

Number of Sales

Average Days on Market

Active Listings

Months of Inventory

12

Q1 2019

– Market Report

1.7

%

2018

2019

$0

14

%

0%

100%

0.0 -100%


RED LEDGES REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA LES Q1 2019

2

Q1 2018

9

S F SOL D VOLU ME

-78%

Q1 2019 Q1 2018

$2,970,000 $10,547,332

Single Family Homes 2018

2019

9

2

Sold Volume

$10,547,332

Average Sales Price

-72%

Vacant Land 2018

2019

-78%

8

3

-63%

$2,970,000

-72%

$1,693,000

$799,500

-53%

$1,171,926

$1,485,000

27%

$211,625

$266,500

26%

Average Sales Price Per Sq. Ft.

$303

$322

6%

$0

$0

0%

List Price to Sales Price Ratio

99.13%

96.12%

-3%

83.28%

82.42%

-1%

Average Days on Market

67

195

191%

124

200

61%

Active Listings

40

45

13%

53

65

23%

0.0

65.0

Number of Sales

Months of Inventory

10.0

%

45.0 350%

%

6,500%

Market Report –

13


SOUTH FIELDS REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA LES Q1 2019

1

Q1 2018

0

S F SOL D VOLU ME

100%

Q1 2019

$446,000

Q1 2018

0

45M%

Single Family Homes 2018

2019

0

1

100%

Sold Volume

$0

$446,000

45M%

Average Sales Price

$0

$446,000

45M%

Average Sales Price Per Sq. Ft.

$0

$176

List Price to Sales Price Ratio

0.00%

100.22%

100%

Average Days on Market

0

9

900%

Active Listings

3

1

-67%

0.0

0.0

Number of Sales

Months of Inventory

14

– Market Report

%

17,600%

0%


TIMBERLAKES REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA L ES Q1 2019

4

Q1 2018

7

S F SOL D VOLU ME

-43%

Single Family Homes

$2,600,800

Vacant Land

7

3

-57%

$1,707,000

-34%

$354,000

$179,900

-49%

$371,543

$426,750

15%

$50,571

$59,967

19%

Average Sales Price Per Sq. Ft.

$242

$146

-40%

$0

$0

0%

List Price to Sales Price Ratio

95.56%

92.14%

-4%

93.06%

90.02%

-3%

Average Days on Market

61

146

139%

233

60

-74%

Active Listings

13

8

-38%

22

32

45%

4.3

2.7

-37%

5.5

16.0

191%

Months of Inventory

4

$2,600,800

-43%

Average Sales Price

7

Q1 2018

-34%

2019

Sold Volume

2019

$1,707,000

2018

Number of Sales

2018

Q1 2019

%

%

Market Report –

15


CHARLESTON REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA L ES

S F SOL D VOLU ME

Q1 2019

0

Q1 2019

$0 -100%

Q1 2018

1

Q1 2018

$260,000

-100%

Single Family Homes 2018

Number of Sales

%

2018

2019

%

1

0 -100%

0

0

0%

Sold Volume

$260,000

$0 -100%

$0

$0

0%

Average Sales Price

$260,000

$0 -100%

$0

$0

0%

Average Sales Price Per Sq. Ft.

$153

$0 -100%

$0

$0

0%

List Price to Sales Price Ratio

94.55%

0.00% -100%

0.00%

0.00%

0%

Average Days on Market

1

0 -100%

0

0

0%

Active Listings

5

2

-60%

4

1

-75%

0.0 -100%

0.0

0.0

Months of Inventory

16

2019

Vacant Land

– Market Report

5.0

0%


DANIEL REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA LES Q1 2019

0

Q1 2018

1

S F SOL D VOLU ME

-100%

Single Family Homes 2018

Number of Sales

2019

Q1 2019

$0 -100%

Q1 2018

$700,000

Vacant Land %

2018

2019

%

1

0 -100%

0

0

0%

Sold Volume

$700,000

$0 -100%

$0

$0

0%

Average Sales Price

$700,000

$0 -100%

$0

$0

0%

Average Sales Price Per Sq. Ft.

$125

$0 -100%

$0

$0

0%

List Price to Sales Price Ratio

96.55%

0.00% -100%

0.00%

0.00%

0%

52

0 -100%

0

0

0%

6

7

17%

1

0 -100%

0.0

0.0

0%

0.0

Average Days on Market

Active Listings

Months of Inventory

0.0

0%

Market Report –

17


M I D WAY REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N UMBE R O F SA LES Q1 2019

13

Q1 2018

27

S F SOL D VOLU ME

-52%

Single Family Homes 2018

2019

27

13

$17,576,045

$9,777,000

Q1 2018

$17,576,045

Condos

Vacant Land

2018

2019

2018

2019

-52%

7

8

14%

7

4

-43%

$9,777,000

-44%

$2,088,250

$2,749,900

32%

$1,181,000

$2,840,000

140%

$650,965

$752,077

16%

$298,321

$343,738

15%

$168,714

$710,000

321%

Average Sales Price Per Sq. Ft.

$190

$186

-2%

$195

$180

-8%

$0

$0

0%

List Price to Sales Price Ratio

96.44%

98.02%

2%

98.09%

95.86%

-2%

91.95%

92.54%

1%

Average Days on Market

62

84

35%

32

33

3%

219

351

60%

Active Listings

33

37

12%

5

12

140%

34

40

18%

Months of Inventory

3.0

9.3

210%

2.5

2.4

-4%

17.0

40.0

135%

Number of Sales

Sold Volume

Average Sales Price

18

– Market Report

%

-44%

Q1 2019

%

%


SUNDANCE & PROVO CANYON REAL ESTATE DATA COMPARING Q1 2018 TO Q1 2019

S F N U MBE R O F SA LES Q1 2019

0

Q1 2018

0

S F SOL D VOLU ME

0%

-100%

Q1 2019

0

Q1 2018

0

Single Family Homes

0%

-100%

Vacant Land

2018

2019

%

2018

2019

%

0

0

0%

1

1

0%

Sold Volume

$0

$0

0%

$1,200,000

$425,000

-65%

Average Sales Price

$0

$0

0%

$1,200,000

$425,000

-65%

Average Sales Price Per Sq. Ft.

$0

$0

0%

$0

$0

0%

List Price to Sales Price Ratio

0.00%

0.00%

0%

66.67%

94.65%

42%

Average Days on Market

0

0

0%

200

68

-66%

Active Listings

5

5

0%

6

2

-67%

0.0

0.0

0%

6.0

0.0

-100%

Number of Sales

Months of Inventory

Market Report –

19


OUR O F F I C ES – 1750 Park Avenue Park City 625 Main Street Park City 545 Main Street #C Park City 1101 Park Avenue Park City Mont Cervin Plaza #105 Park City 8417 E Ranch Club Trail Drive Park City 7085 Glenwild Drive Park City 362 N Main Street Heber City 8020 Victor y Ranch Road Kamas 2455 Parley ’s Way, Suite 240 Salt Lake City 870 East 900 South Salt Lake City 13693 South 200 West, Suite 100 Draper 151 N Main Street St. George –

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2019 Q1 Summit SIR Market Report - Wasatch County  

2019 Q1 Summit SIR Market Report - Wasatch County