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Luxury Home Values in
Park City, Utah | Park City Real Estate Market
Prices | Park City Luxury Home Trends | Park
City Luxury Property
Luxury property market for Park City,
UT - prices, values, square foot prices,
home value, home prices, property price
changes in Utah
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Luxury Home Values in Park City, Utah
A look At Price Changes Over the Past Decade
September 24, 2007
Park City has seen significant growth to home values over the past decade. The average price of a home in Park City has increased by 71% during the past ten years. In the chart below the phenomenal grow of Park City home prices are displayed in two different sets of figures. The first set denotes the average price sold. The other set displays the average square foot price. As you can see from both sets of numbers, Park City has seen considerable home value growth after the 2002 Winter Olympics as well as before the Olympics.
Park City Home Value Increases Over Past Ten Years
| Change in Average Sold Price |
Amount |
Difference Since 1997 |
% Increase Since 1997 |
| Average Sold Price, YTD 2007 |
$966,549 |
$684,910 |
71% |
| Average Sold Price, 2005 |
$588,572 |
$306,933 |
52% |
| Average Sold Price, 2001 |
$488,203 |
$166,564 |
37% |
| Average Sold Price, 1997 |
$281,639 |
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| Change in Average Square Foot Price |
Amount |
Difference Since 1997 |
% Increase Since 1997 |
| Average Square Foot Price, YTD 2007 |
$453 |
$309 |
68% |
| Average Square Foot Price, 2005 |
$309 |
$165 |
53% |
| Average Square Foot Price, 2001 |
$187 |
$43 |
23% |
| Average Square Foot Price, 1997 |
$144 |
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Source: WFRMLS and luxuryhomeUtah.com. This information is deemed to be reliable, however WFRMLS and luxuryhomeUtah.com do not guarantee accuracy.
Links to other
reports:
Million
Dollar
Properties
on the
Utah
Market
Luxury
Residential
Property
Trends
Park
City
Home
Values
Increase
Over the
Past Ten
Years
Luxury Home Amenities & Buyer
Demands
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Barry J. Preusz
Realtor® |
Luxury Property
Specialist
Equity Real Estate, 7090 Union Park Center, Midvale Utah, 84047
Office: (801) 253-6771
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