Our first quarter comparison of Park City market stats are from Quarter One 2015 compared to Quarter One 2016 and this week we are focusing on the Snyderville Basin. Click here for a short video on Snyderville Basin.

Snyderville Basin Single Family Homes - Sales for the 1st quarter of 2016 compared to the 1st quarter of 2015 show a 12.2% increase in Median Prices with a Total Volume up 15.2% which shows up as a 15% increase in average home sales from the 2015 1st quarter as compared to 2016's 1st quarter - this is partially due to home listings being down by 6.1% from 2015.

Snyderville Basin Condos - Comparing 1st quarter 2015 to 1st quarter 2016 this year's inventory is up 7.8% with Median Prices up by 7.7% and an Average Sale Price up 9% from the 2015 1st quarter stats.

Snyderville Basin Vacant Land - the 1st quarter 0f 2016 as compared to the 1st quarter 0f 2015 shows a listing inventory increase of 3.5% (10 lots) and a 14.5% increase in sales transactions with  the Median Sales price 44% higher than in 2015. 2016 also brings a 14% increase in Average Lot Prices from $472,000 in 2015 compared to $541,000 in the first quarter of 2016.

Next week we will focus on Old Town Park City and 1st quarter comparisons in the first quarter 2015 compared to the 1st quarter 2016. In the meantime, here's the latest information on the PCMR parking garage project as City Hall addresses the situation amid talks about lower Park Avenue. Also, remember that Savor the Summit 2016 is coming up quickly and tickets won't last long - We have our tickets for Park City's largest dinner party and we hope to see you there.

Don't forget to check out downtown Park City during shoulder season and 11 Things On Our Love List This Spring in Historic Park City!

Would you like more stats on the Park City market or a detailed market report on your home - give us a call or check out our website for all the properties listed in the Park City area.

Thank you Rick Klein of Wells Fargo Mortgage for providing the Park City Quarter 1 Stats.