2nd Quarter 2023 Market Update

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The statistics for the 2nd Quarter of 2023 were just released by the Park City Multiple Listing Service, and the numbers show a continued moderation of activity in our market. Sales volumes were mostly down across all property types, and pricing activity was varied - many areas experienced median sale price declines while others continued to see increases. Our market is highly segmented, so there is a fair bit of variation in the numbers, with some property types and areas faring significantly better than others.
 
The market continues to be impacted by a lack of inventory, which in turn is due to larger market factors such as the current interest rate environment. Our upcoming Market Pulse newsletter will provide more insights, as well as more stats and analysis for our local real estate market.
 
In the meantime, take a quick glance at this Snapshot for a brief overview of the 2nd Quarter stats in our area. If you have any questions about how your area(s) of interest performed, please reach out.
 
Hope you are enjoying the warm weather and long summer days!

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INTEREST RATES  As of July 25, 2023

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12 Month Rolling Year-Over-Year   |   July 2021 - June 2022  vs  July 2022 - June 2023

SINGLE-FAMILY HOMES by Neighborhood

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CONDOMINIUMS by Neighborhood

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VACANT LAND by Neighborhood or Area

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Look for the complete
Market Pulse Report: 2nd Quarter 2023
in your inbox soon!

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Don't Miss!    KIMBALL ARTS FESTIVAL

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Don't forget to attend the annual Kimball Arts Festivals, regarded as one of the premier arts festivals across the nation! This three-day, open-air celebration of the arts is considered one of Park City’s signature events and one of Kimball Art Center’s most celebrated programs. The Festival showcases the work of jury-selected artists, celebrates the many ways art connects us, and entertains guests with experiential and performance art opportunities. Partnered with Mountain Town Music to ensure lively performances on two outdoor stages and local food trucks, artisan tasting tents, and outdoor dining decks provide a varied culinary experience. See you there!

KimballArtsFestival.org

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