I wanted to give you my Top 5 Best Selling Single Family Areas in Park City with low inventory, suggesting price appreciation. Property is really moving in Park City, so if you want to get the deals you have to act quickly!

The following information was compiled from the Park City Multiple Listing Service on April 16, 2013:

1. Silver Springs (Including Ranch Place, Silver Springs, Snyders Mill, Southshore and Northshore): Currently there are only 8 active properties, 11 properties in escrow and there have been 9 sales so far this year. With more properties in escrow than active and a 22-day average time on market I would consider Silver Springs to be the hottest market in Park City. The low inventory and high sales activity is pressing prices up quickly in this area.

2. Pinebrook Area: Currently there are 15 active listings, 12 properties in escrow and there have been 14 closed sales so far this year. Like Silver Springs there are nearly as many properties in escrow as those available on the market. With so many properties in escrow this should press the price up as these properties begin to close.

3. Park Meadows: Currently there are 28 active listings with 16 of the listings above the $2,000,000 price mark. There are currently 14 properties in escrow with none of them being over the $2,000,000 mark. However, interestingly enough, of the 13 sold properties this year, 6 of them were above the $2,000,000 mark so this segment is definitely moving.

4. Old Town: Currently there are 35 active listings, 12 properties in escrow and there have been 19 closed sales so far this year. Old Town is always a hot area given the location/proximity to skiing and Main Street.

5. Jeremy Ranch: Currently there are 32 active listings with 8 properties in escrow and 12 closed transactions this year. Jeremy Ranch is a great family neighborhood and with the quick access to Salt Lake. It is a great area for people working in Salt Lake.

Do you want sales data for any area of Park City including these Top 5 areas? Click here to send me an email right now -- just tell me which neighborhood you are curious about.


-Jeremy

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Jeremy Wilstein
Keller Williams Park City Real Estate
Phone: (435) 640-8992
Email: jeremy@viewparkcityhomes.com or jeremy@thewilsteinteam.com

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