The stats for the first quarter of 2022 have just arrived, and the numbers show that low inventory and rising sales prices continue to be the overarching trends in our local market. Total number of transactions (closings) are down throughout most of our market area, and median sale prices are up across the board. Park City single-family home median sales prices are up 35%, condominiums are up 20%, and vacant land is up 59%.
We will have more detailed information and analysis in our upcoming Market Pulse newsletter. In the meantime enjoy the stats below, and if you have any specific questions about your area(s) of interest, please reach out.
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INTEREST RATES As of April 14, 2022
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12 Month Rolling Year-Over-Year | Apr 2020 - Mar 2021 vs Apr 2021 - Mar 2022
SINGLE-FAMILY HOMES by Neighborhood
CONDOMINIUMS by Neighborhood
VACANT LAND by Neighborhood or Area
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While the above snapshot of the 1st Quarter 2022 Market Statistics gives a brief overview of activity, the more in-depth Market Pulse Report will be in your inbox in the next week or two. This report will provide more detailed evaluation and analysis of the Wasatch Back real estate market.
As usual, please don't hesitate to reach out if you have any questions about your specific real estate needs. Hope you are enjoying a great spring!
Look for the complete Market Pulse Report: 1st Quarter 2022 in your inbox in a couple of weeks!
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