Monday March 30, 2015
Julie Olsen's Executive
Summary
PARK CITY, UT 84060
Single Family Homes
This Week
The median list price in PARK CITY, UT 84060 this week is
$2,895,000.
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a
weakening market.
Real-Time Market Profile
Trend
Median List Price
$ 2,895,000
Asking Price Per Square Foot
$ 689
Average Days on Market (DOM)
206
Percent of Properties with Price Decrease
14 %
Percent Relisted (reset DOM)
3%
Percent Flip (price increased)
0%
Median House Size (sq ft)
5745
Median Lot Size
0.25 - 0.50 acre
Median Number of Bedrooms
5.0
±+
±+
=
Median Number of Bathrooms
Supply and Demand
Market Action Index
The Market Action Index has been trending lower for several weeks
while prices have remained relatively stable. If inventory continues
to grow relative to demand however, it is likely that we will see
downward pressure on pricing.
±+
No change
6.0
Buyer's Advantage
23.7
≠≠
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
While the median price in this zip code hasn't moved much in
the last few weeks, we are relatively close to the market's highwater mark. Watch for persistent downward shift in the Market
Action Index into the Buyer's zone as a leading indicator of the
price strength subsiding.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 8,450,000
9926
Upper/Second
$ 3,950,000
Lower/Third
Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
1.0 - 2.5
acres
6.0
9.0
10
23
0
0
337
Most expensive 25% of properties
6173
1.0 - 2.5
acres
5.0
6.0
16
23
0
1
263
Upper-middle 25% of properties
$ 2,497,000
4784
0.25 - 0.50
acre
4.5
5.0
19
23
0
1
135
Lower-middle 25% of properties
$ 1,650,000
4050
0.25 - 0.50
acre
4.0
5.0
20
24
3
1
96
Least expensive 25% of properties
Julie Olsen, BestSkiProperty.com | 435-513-2848
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