2021 Utah Real Estate Market Report

2021 YEAR END MARKET REPORT

TABLE OF C ONTENT S 2021 MARKET REPORT

3

SIGNIFIC ANT SALES

5

OVERVIEW

6

MAP

7

ALL AVAIL ABLE INVENTORY

9

PROPERTIES SOLD

11

TOTAL SOLD VOLUME

13

AVER AGE DAYS ON MARKE T

15

MONTHS SUPPLY OF INVENTORY

17

AVER AGE AND MEDIAN SOLD PRICES

21

INTRODUCING MOAB , UTAH

SIGNIFICANT SALES 2021

SALT L AK E & SURROUNDING $8, 500,000 2178 E WALKER L ANE

$5, 500,000 2325 COT TONWOOD L ANE

$4,800,000 3826 E THOUSAND OAKS CIRCLE

Thomas Wright

Liz Slager

Thomas Wright

$5,750,000 2200 E WALKER L ANE

$5,000,000 645 S ALPINE HIGHWAY*

$3,950,000 1609 E MILLCREEK WAY**

Thomas Wright

Laurel Simmons

Linda Wolcott | Brad Hansen | Sean Steinman

PARK CIT Y & SURROUNDING $18,000,000 481 W OLD RANCH ROAD**

$14,000,000 162 WHITE PINE CANYON ROAD*

$11, 500,000 110 WHITE PINE CANYON ROAD*

David Dowie | Laurie Wing

Jamison Frost | Valen Lindner

Michael LaPay

$16, 500,000 256 WHITE PINE CANYON ROAD**

$13, 500,000 68 RED CLOUD TRAIL

$10, 500,000 8742 LOOKOUT L ANE**

Whitney Pearson | Chris Simons

Jamison Frost | Valen Lindner

$16,000,000 2344 WEST 3000 SOUTH*

$13,000,000 175 WHITE PINE CANYON ROAD*

Peter Linsey | Damon Leake Michael Burchard

Jamison Frost | Valen Lindner

Scott Maizlish | Whitney Olch

$16,000,000 69 WHITE PINE CANYON ROAD*

$12 ,750,000 210 WHITE PINE CANYON ROAD**

Michael LaPay

Jamison Frost | Valen Lindner | Onie Bolduc

SOUTHERN UTAH $11,000,000 3275 DALTON WASH ROAD**

$3, 500,000 4523 PAINTED SKY DRIVE**

$3,299,000 362 N TURTLE POINT DRIVE**

Kristi Staker

Michelle Mackelprang

JoAnn Geer

$4,875,000 3052 SNOW CANYON PARKWAY, #80

$3,400,000 HURRICANE LOTS*

$2 ,850,000 2449 S SUNRISE CIRCLE**

Laren Blake

Jim Lyman

JoAnn Geer | Meri Crandall

* Represented the Buyer | ** Represented the Buyer and Seller

summitsothebysrealty.com

2021 MARKET REPORT | Page 4

MARKET REPORT 2021

Welcome to Summit Sotheby’s International Realty’s Year-End Market Report.

This report reviews and compares Utah’s current and historical real estate market conditions for the Wasatch Front, Wasatch Back and Southern Utah areas.

US Economy The US economy grew by 5.7% in 2021, the strongest since 1984, forging ahead despite headwinds from the pandemic, strained supply chains as well as inflation. In 2020 the US economy had reduced by 3.4%, the biggest decline in 74 years. The gross domestic product increased at a 6.9% annualized pace in December, the strongest growth rate in nearly four decades, and above most analyst projections. The fourth quarter was characterized by businesses replenishing depleted inventories to meet strong demand for goods.

Inflation is the highest it’s been in 40 years, clocking in at a 7% rate year over year, the fastest since the second quarter of 1981, and way above the Fed’s 2% target. And the Fed has signaled that multiple rate hikes will be used to rein in inflation in 2022.

US Real Estate Market The residential housing market is a sizable chunk of the US GDP, roughly 5%, and demand for housing is still strong. The national median home sale price was up 15.2% year over year to $382,840. The 30-year fixed mortgage rate has risen to 3.55%, with three additional rate hikes by the Fed expected this year. Most analysts expect the 30-year fixed mortgage rate to be close to 4% by the end of 2022. Rent is rising as well, with Multifamily Residential Apartment asking rents up 11.3% year-over-year on average in the past 12 months.

Prior to the pandemic in 2020 Q1, apartment rents were rising by just 1.6%. Investment in homebuilding contracted for three consecutive quarters to end out 2021. The sector is still being constrained by costly building materials, which has resulted in a record backlog of homes yet to be built.

The Utah Market Utah is becoming a magnet for in-migration, many looking to improve their quality of life and enjoy the lower overall cost of living. Realtor.com has ranked Salt Lake City as the No. 1 housing market poised for growth in 2022, projecting a 15.2 percent year-over-year increase in sales and a further 8.5% increase in prices. Utah also boasts the nation’s strongest pace of job growth, and record unemployment.

Statewide, housing prices have increased by 27% in 2021. Along the Wasatch Front the average sold price has increased YoY by 25.1% to $570,893, 32.1% in Southern Utah to $577,930, and 39.3% along the Wasatch Back to $2,014,661. The median home price in Salt Lake County increased to $499,900 at the end of 2021, up 26% compared to $394,252 a year earlier. The average in Salt Lake County has now soared past the half a million mark to $570,893, up 25%. Standing inventory statewide is less than half of what was available in January of 2021 (11,396), with December 2020 marking the lowest inventory in two years with only 5,171 properties listed along the Wasatch Front, Wasatch Back, and Southern Utah.

THE ARE AS AREAS INCLUDED IN OUR 2021 MARKET REPORT

FARMINGTON

S A LT L A K E CIT Y

PA R K C I T Y

H EB ER C I T Y

WASATCH BACK

PR OVO

CO U N T IE S : SU M M I T A N D WA S ATC H

WASATCH FRONT

CO U N T IE S : DAV I S , S A LT L A K E A N D U TA H

EASTERN UTAH

CO U N T IE S : EM ERY, G R A N D , WAY N E , S A N J UA N

SOUTHERN UTAH

CO U N T IE S : WA S H IN G TO N A N D IR O N

M OA B

C EDA R C I T Y

ZION, S P R I N G DA L E

S T. G EO R G E

ALL AVAIL ABLE INVENTORY

All Available Inventory UTAH - JANUARY 2019 - DECEMBER 2021

2020 14K

13,412 12,866

13K

12,380 12K

11,396 11K

13,006

1,528 1,395

1,663

1,482

12,275 11,664 1,668

10,977

1,596

1,497

10,538

1,431

10K

1,386

9,803 1,220

9K

7,880

8K

7K 8,719

6K

7,806

9,290

9,720

1,030 9,322 8,759

7,357

1,080

8,407 7,684

5K

6,746

6,4

96

7,204 5,730

4K

4,647

4,4

1,120

1,019

97

Nov

Dec

Ja

3K 2K

1K

2,093

2,189

2,179

2,181

2,164

2,021

1,848

1,661

1,468

1,379

Aug

Sep

Oct

0K

Jan

Feb

Mar

Apr

May

Jun

Jul

"All Available Inventory" is the cumulative total number of units that were on the market for sale during the calendar month, as opposed to units remaining available for sale at month end. "Properties Sold" in three different MLS databases (PCBAOR, WFMLS, WCMLS) and was compiled on January 14, 2022. Information not verifiable by Park City Board of Realtors®. 'Wasatch Back' includes all listings from Sum International Realty. ©MMXXI 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 E

summitsothebysrealty.com

DEFINING ALL AVAIL ABLE INVENTORY

y

46

80

47

This metric gives us a glance of the total amount of properties for sale in Utah by month, from 2019 to present. Broken down by area, we see a steady decline in inventory, with consistent increases beginning in March 2021.

2021

# For Sale - Wasatch Back

# For Sale - Wasatch Front

# For Sale - Southern Utah

9,390 8,518 7,400 6,415

6,370

960

873

868

7,668

7,775

782

820

867

826

8,950 724

867

8,358 661

7,007 557

6,464 5,533

8,887

5,856

6,709

7,092

5,171 6,738

466 6,260

5,892

5,145

4,476

4,477

19

979

1,020

999

1,030

1,063

1,187

1,311

1,472

1,488

1,437

1,305

ec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

3,693

1,012

Dec

perties Sold" includes any property listed as sold for the respective calendar month in the respective MLS, and is not restricted to properties sold by Summit Sotheby's. Data is aggregated from tings from Summit and Wasatch Counties. 'Southern Utah' includes Washington and Iron Counties. 'Wasatch Front' includes Davis, Salt Lake, and Utah Counties. Prepared By Summit Sotheby's tes, Inc. An Equal Opportunity Company. Each Office Is Independently Owned And Operated. Copyright© Summit Sotheby's International Realty 2021.

2021 MARKET REPORT | Page 8

PROPERTIES SOLD

Properties Sold

UTAH - JANUARY 2019 - DECEMBER 2021

2020 5,111 291

4,553 183

4,704

4,711

333

390

4,616 405

3,909 313

3,471

3,855 382

79

3,262 137

2,910 100

2,741

4,122

132

2,422

3,742

3,790

161

3,682

2,5

3,066

2,939

2,638

1

3,579

3,018

2,419

2,250

1,9

1,915

346

359

Jan

Feb

487

Mar

391

453

Apr

May

580

Jun

698

Jul

629

639

632

Aug

Sep

Oct

530

455

3

Nov

Dec

Ja

"All Available Inventory" is the cumulative total number of units that were on the market for sale during the calendar month, as opposed to units remaining available for sale at month end. "Properties So three different MLS databases (PCBAOR, WFMLS, WCMLS) and was compiled on January 14, 2022. Information not verifiable by Park City Board of Realtors®. 'Wasatch Back' includes all listings from International Realty. ©MMXXI Sotheby's International Realty Affiliates, Inc. All Rights Reserved. Sotheby's International Realty® is a licensed trademark to Sotheby's International Realty Affiliates, Inc. A

summitsothebysrealty.com

DEFINING PROPERTIES SOLD This metric calculates the number of properties sold, by month, broken down by our three key regions: Wasatch Front, Wasatch Back and Southern Utah. Spiking in July of 2020 with 5,111 properties sold, this chart shows the cyclical nature of Utah’s real estate seasons and the above average sales that marked the end of 2020.

2021 # Sold - Wasatch Back

# Sold - Wasatch Front

# Sold - Southern Utah

4,219 262

55

3,812

2

3,432

286

191

263

245

3,823 260

3,505

3,606

3,554

3,570

206

233

2,933

2,894

2,847

241

2,643 166 3,421 3,198

2,982

18

3,263

3,068

2,865

2,638

1,960

4,003

191

242

2,528

3,937

2,060

5

377

417

ec

Jan

Feb

552

544

449

536

476

495

495

432

454

490

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

"Properties Sold" includes any property listed as sold for the respective calendar month in the respective MLS, and is not restricted to properties sold by Summit Sotheby's. Data is aggregated from all listings from Summit and Wasatch Counties. 'Southern Utah' includes Washington and Iron Counties. 'Wasatch Front' includes Davis, Salt Lake, and Utah Counties. Prepared By Summit Sotheby's Affiliates, Inc. An Equal Opportunity Company. Each Office Is Independently Owned And Operated. Copyright© Summit Sotheby's International Realty 2021.

2021 MARKET REPORT | Page 10

TOTAL SOLD VOLUME

Total Sold Volume

UTAH - JANUARY 2019 - DECEMBER 2021

2020

Wasatch Back

2.43B

Wasatch Front

2.48B

2.47B

620M

645M

2.33B

Southern Utah

413M 474M

1.97B 200M

1.15B 1.05B

509M

2.13B

553M

1.42B

1.38B 143M

2.10B

1.3

95M

1.23B 122M

27

1,734M

138M

1,612M

1,554M

186M

1,594M

1,564M 1,345M

1,377M

1,155M

1,053M

88

958M

881M 738M

123M

130M

180M

150M

172M

Jan

Feb

Mar

Apr

May

217M

Jun

286M

244M

262M

264M

245M

199M

Jul

Aug

Sep

Oct

Nov

Dec

18

Ja

"All Available Inventory" is the cumulative total number of units that were on the market for sale during the calendar month, as opposed to units remaining available for sale at month end. "Properties So three different MLS databases (PCBAOR, WFMLS, WCMLS) and was compiled on January 14, 2022. Information not verifiable by Park City Board of Realtors®. 'Wasatch Back' includes all listings from International Realty. ©MMXXI Sotheby's International Realty Affiliates, Inc. All Rights Reserved. Sotheby's International Realty® is a licensed trademark to Sotheby's International Realty Affiliates, Inc. A

summitsothebysrealty.com

DEFINING TOTAL SOLD VOLUME This metric defines the total dollar volume of real estate sales by area. The Wasatch Back experienced exponential sales growth in 2020, with sales volume more than doubling when comparing to the same time period in years prior. The Wasatch Front and Southern Utah areas also saw growth patterns during this period. June 2021 has had the highest sold volume at 2.54 Billion, surpassing any month from last fall.

2021 2.56B 2.41B

2.34B

442M

3B 538M

M

2.38B

2.37B 2.24B

434M

1.99B

2.39B

395M

2.21B

440M

469M 417M

1.97B

365M

271M

419M

1.46B 1.35B

290M

278M

1,840M 1,711M

1,750M

1,524M

885M

1,596M

1,470M

1,289M

7M

1,670M

1,584M

1,625M

969M

M

188M

200M

ec

Jan

Feb

283M

274M

226M

Mar

Apr

May

280M

263M

249M

263M

229M

260M

283M

Jun

Jul

Aug

Sep

Oct

Nov

Dec

"Properties Sold" includes any property listed as sold for the respective calendar month in the respective MLS, and is not restricted to properties sold by Summit Sotheby's. Data is aggregated from all listings from Summit and Wasatch Counties. 'Southern Utah' includes Washington and Iron Counties. 'Wasatch Front' includes Davis, Salt Lake, and Utah Counties. Prepared By Summit Sotheby's Affiliates, Inc. An Equal Opportunity Company. Each Office Is Independently Owned And Operated. Copyright© Summit Sotheby's International Realty 2021.

2021 MARKET REPORT | Page 12

AVER AGE SOLD DAYS ON THE MARK E T UTAH - JANUARY 2019 - DECEMBER 2021

Average Days on the Ma 116

120

111 110

101 100

101

100

97

92

90

87

85

82 77

70

73

62 60

50

50

53

55

46 53 39

40

44

50

47

45 31

30

30

31

40

30

28

32

26 25

20

38

26

27

Dec

60

Nov

80

10

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Dec

Jan

2020

0

Data is aggregated from three different MLS databases (PCBAOR, WFMLS, WCMLS) and was pulled on January 14, 2022. Properties Sold includes any propert listings from Summit and Wasatch Counties. 'Southern Utah' includes Washington and Iron Counties. 'Wasatch Front' includes Davis, Salt Lake, and Utah Coun

summitsothebysrealty.com

DEFINING AVERAGE SOLD DAYS ON THE MARKET This metric follows the amount of days a property is available for sale. In all areas, we see this average number in steady decline. Cash of fers, ef ficient financing and robust buyer demand are driving forces in this trend.

arket Sold Avg DOM - Wasatch Back

Sold Avg DOM - Wasatch Front

Sold Avg DOM - Southern Utah

96

74

66 64

54

52

53

52

25

16

18

17

16

15

15

16

Aug

16

Jul

19

18

Jun

20

35

36

29

May

30

40

Apr

28

47

45

38

27 20 20

29

22 21

22

Jan

Dec

Nov

Oct

Sep

Mar

Feb

Jan

2021

ty listed as sold that month in the respective MLS, and is not restricted to only properties sold by Summit Sotheby's. 'Wasatch Back' includes all nties. Prepared By Summit Sotheby's International Realty. Information not verifiable by the Park City Board of Realtors.

2021 MARKET REPORT | Page 14

MONTHS SUPPLY OF INVENTORY (MSI) UTAH - JANUARY 2019 - DECEMBER 2021

Months Supply of Invent 2020

Wasatch Front

2.0 1.7

1.9

1.7 1.4 1.2

1.1

1.1

1.0

1.0

1.0

2.1

2.3

2.4

2.7

1.3

1.2

1.0

0

13.3 9.5 7.0

6.5

4.2

3.5

3.1

1.9

2

3.7

3.1

1.5 1.1

1.3

Dec

0 Nov

Oct

Sep

1.5

Jul

Jun

May

Mar

Feb

1.8

Aug

2.4

Jan

Southern Utah

3.9

Apr

Wasatch Back

15.8

Months Supply of Inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales

Sold includes any property listed as sold that month in the respective MLS, and is not restricted to only properties sold by Summit Sotheby's. 'Wasatch Back' includes all and Utah Counties. Prepared By Summit Sotheby's International Realty. Information not verifiable by the Park City Board of Realtors.

summitsothebysrealty.com

DEFINING MONTHS SUPPLY OF INVENTORY (MSI) This metric is defined by how long (in months) it would take to sell all available properties currently on the market. Generally speaking, any where from four to six months of inventory

ntory

2021 MSI 1.0

1.9

2.0

Feb

0.7

0.8 Apr

0.8

Mar

0.9 Jan

3

1.0

0.6

1.8

1.2

1.5

1.6

1.5

1.6

1.9

1.8

1.4

1.6

1.1

1.4

Nov

1.6

0.8

Oct

1.9

0.8

1.0

Sep

2.0

0.7

Aug

0.6

0.7

0.9

0.6

1.7

1.2

Dec

1.0

0.9

Jul

0.9

13.0

Jun

9

have a key advantage due to the lack of properties for sale given the current sales pace.

May

0

is considered balanced. With each of Utah’s key selling regions well below this range, sellers

rrent sales pace. Data is aggregated from three different MLS databases (PCBAOR, WFMLS, WCMLS) and was pulled on January 14, 2022. Properties includes all listings from Summit and Wasatch Counties. 'Southern Utah' includes Washington and Iron Counties. 'Wasatch Front' includes Davis, Salt Lake,

2021 MARKET REPORT | Page 16

AVER AGE AND MEDIAN SOLD PRICES WASATCH FRONT

25. 1%

Average & Median Sold Prices Wasatch Front

ONE Y E AR INCRE ASE IN T HE AVER AGE SOL D PRICE $570,893

580K

560K

Sold Median $ - Wasatch Front Avg Sold $ - Wasatch Front

540K

520K

$499,900 500K

480K

$456,269

460K

440K

420K

400K

$378,086

$386,432

$394,252

380K

360K

$342,500 340K

$340,000

2020

2021

2022

Data is aggregated from the WFMLS, and was pulled on January 14, 2022. Properties Sold includes any property listed as sold that month in the respective MLS, and is not restricted to only properties sold by Summit Sotheby's. "Wasatch Front" includes Davis, Salt Lake, and Utah Counties. Prepared By Summit Sotheby's International Realty.

summitsothebysrealty.com

AVER AGE AND MEDIAN SOLD PRICES WASATCH BACK

39. 3%

Average & Median Sold Prices Wasatch Back

ONE Y E A R INCRE ASE IN T HE AV ER AGE SOL D PRICE

$2,014,661 2000K

Avg Sold $ - Wasatch Back Median Sold $ - Wasatch Back

1900K 1800K 1700K 1600K 1500K 1400K

$1,446,676

1300K

$1,220,832 $1,175,000

1200K 1100K 1000K 900K 800K

$1,012,534

$850,000

$700,000 $750,000

700K 600K

2020

2021

2022

Data is aggregated from the PCBAOR, and was pulled on January 14, 2022. Properties Sold includes any property listed as sold that month in the respective MLS, and is not restricted to only properties sold by Summit Sotheby's. "Wasatch Back" includes all listings from Summit and Wasatch Counties. Prepared By Summit Sotheby's International Realty. Information not verifiable by the Park City Board of Realtors.

2021 MARKET REPORT | Page 18

AVER AGE AND MEDIAN SOLD PRICES SOUTHERN UTAH

32 . 1%

Average & Median Sold Prices Southern Utah

ONE Y E AR INCRE ASE IN T HE AVER AGE SOL D PRICE $577,930

580K

Median Sold $ - Southern Utah Avg Sold $ - Southern Utah

560K 540K 520K

$499,133

500K 480K

$478,000

460K 440K 420K 400K 380K

$355,624

$389,555

360K 340K 320K

$301,868

300K 2020

2021

2022

Data is aggregated from the WCMLS and was pulled on January 14, 2022. Properties Sold includes any property listed as sold that month in the respective MLS, and is not restricted to only properties sold by Summit Sotheby's. "Southern Utah" includes Washington and Iron Counties. Prepared By Summit Sotheby's International Realty.

summitsothebysrealty.com

INTRODUCING MOAB, UTAH

SUMMIT SOTHEBY’S INTERNATIONAL REALT Y IS NOW SERVICING MOAB, UTAH Summit Sotheby’s International Realty is now servicing Moab and the communities of Eastern Utah. Known for its dramatic red rocks, Arches and Canyonlands National Parks and unmatched outdoor lifestyle, Moab has emerged as one of the Mountain West’s most desirable locations for both primary and vacation home owners.

From the awe-inspiring red rocks to the canyons surrounding the Colorado River, Moab is a place of pristine

Properties Sold

natural beauty and adrenaline-pumping adventure.

2020

2021

Properties Sold

39

38

2020

38

26

30

23

36

36

40

33

32

36

35 33

22

27

20

22 20

13

10

36

35

32 30

16 20

38

32

27

20

40

27

31

26

39

32

31

40

362021

36

27

23

40 38

16 13

216 199

221

232

2020

221

216

Dec

Oct

Nov

Sep

Aug

Jul

Dec

Oct

Nov

Sep

Aug

Jul

Apr

Mar

Feb

Jan

Dec

Oct

Nov

Sep

225

2021

219

248

197 234

199

Jul

248

234

Aug

Jun

May

Apr

Feb

Mar

Jan

All Available Inventory

Jun

2021 May

2020

Jun

Apr

Mar

Jan

Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

May

Apr

Feb

Mar

Jan

All Available Inventory

May

10

200 232

221

221

225

173

219

197

172

168 160

200

157 143

155 146

142 130

173 160

157 143

141 126

172

168

155 146

142

141

130

91 126

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sep Sep

Jan

Aug Aug

Dec

Jul Jul

Dec

Jun Jun

Oct

May May

Nov

Apr Apr

Oct

Mar Mar

Nov

Jan

Feb

Jan

Feb

91

summitsothebysrealty.com

2020

Nov

Dec

Dec

99

Nov

108

Oct

115

Oct

99

Sep

101 108

Sep

139 4.8

2.1 2.4

2.1

128

53 3.5

92

92 2.5

2.4 2.5

83

91

61

61 Dec

3.2

Dec

2021

Nov

2020

Nov

2021

Oct

2020

Oct

Apr May Jun Jul Aug

Apr

May

Jun

Jul

Aug

Oct

Dec

Nov

Oct

Dec

Nov

7.4M

7.1M

7.4M

8.6M

8.6M

10.3M

13.2M

11.7M

11.8M

17.3M

16.4M 16.0M 17.3M

16.4M 16.0M

18.7M

17.6M

18.7M

17.6M 15.0M

14.2M

15.0M

16.0M

15.2M

16.0M

15.2M

13.0M

13.2M

14.2M

11.7M

11.8M

13.0M

10.3M

9.9M

8.9M 9.9M

8.9M

7.1M

6.4M

9.1M

2021

Sep

Mar

Mar

3.6M

6.4M

3.9M

9.1M 6.9M

2020

Sep

Feb

Feb

3.6M

3.9M

6.9M

2021

Sep

Aug

Aug

Jan

Sep

Sep

Jan

Aug

Aug

Dec

Jul

Jul

Dec

Jun

Jun

Oct

May

May

Nov

Apr

Apr

Oct

Mar

Mar

Nov

Jan

Feb

Jan

Months Supply of Inventory Months Supply of Inventory Feb

2020

Sep

Jul

Jun

Jul

Jun

May

1.8

Jul

101 3.2

Aug

Jun

Jun

157 May

2.1 1.8

Jul

May

May

156 2.1

Apr

Mar

Mar

3.1

Apr

Feb

Feb 3.1

Aug

Apr

2021

Apr

2020

Feb

157

Mar

Jan

Jan

3.0

Feb

Dec

Dec

Oct

Nov

3.0

Mar

98

Jan

164

Jan

115 5.3

Dec

102 Oct

5.1 5.3

Dec

102 Nov

Sep

Sep

5.0

Nov

120 5.1

Nov

98 6.6

Oct

82 6.1

Oct

Aug

Aug

6.8

Sep

152

Aug

6.8

Sep

Jul

Jul

5.0

Aug

152

Jul

Jun

Jun

10.8

Jul

May

May

10.3

Jun

10.8

May

120 13.0

Jun

10.3

May

Apr

Apr

12.6

Apr

Feb

Mar

Feb

Jan

Average Days on the Market

Mar

Jan

12.6

Apr

Feb

Mar

149

Mar

Jan

149

Feb

Jan

Total Sold Volume Total Sold Volume

13.0

10.6

10.6

6.1 6.6

5.5

5.5 4.8

3.5

2.2 3.1

2.2

3.1

202

213

Average Days on the Market

202 213 184

156 184

164 139

128

83 91

63

82

53

63

2021

2021 MARKET REPORT | Page 22

OUR OFFICES 175 0 Park Avenue Park Ci ty 625 M ai n Street Park Ci ty 5 45 M ai n Street Park Ci ty Mont Cer vi n P l az a #10 5 Deer Val l ey ® , Park Ci ty 1 835 Three Ki n gs Dri ve, #70 S il ver St ar, Park Ci ty 7085 Gl enw i l d Dri ve Gl enwi l d, Park Ci ty 362 N M ai n Street Heber Ci ty 8 020 Vi c tor y Ran ch Roa d Vic tor y Ran ch, Kamas 1 260 E St ri n gham Avenue, Sui te 10 0 S uga r House, Sal t L ake Ci ty 870 East 90 0 South 9 t h & 9 th , Sal t L ake Ci ty 1 3693 So uth 20 0 West , Sui te 10 0 Draper 15 1 N M ai n Street A n cestor Square, St . George 5 9 E Center Street M oab

summit s otheby s realt y.com “All Available Inventory” is the cumulative total number of units that were on the market for sale during the calendar month, as opposed to units remaining available for sale at month end.

“Properties Sold” includes any property listed as sold for the respective calendar month in the respective MLS, and is not restricted to properties sold by Summit Sotheby’s. Data is aggregated from three different MLS databases (PCBAOR, WFMLS, WCMLS) and was compiled on January 14th, 2022. Information not verifiable by Park City Board of Realtors®. “Wasatch Back’ includes all listings from Summit and Wasatch Counties. ‘Southern Utah’ includes Washington and Iron Counties. ‘Wasatch Front’ includes Davis, Salt Lake, Utah Grand, Emery, San Juan and Wayne Counties. Prepared By Summit Sotheby’s International Realty. ©MMXXII 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 2022.