Following up on the last two weeks of blogs the Summit and Wasatch County markets remain varied and complex to read, but stable in terms of positive growth. In Park City limits, when compared with last year's first quarter, there has been only a 1% change in average single family home price, suggesting an overall stabilization of the market in town. However, in key development areas like Canyons Village, there was a doubling in the number sales and a 22% increase in average price, suggesting pockets of intense growth where there is new inventory. Similarly, gated golf communities remain popular, and Red Ledges, Glenwild, Tuhaye, and Promontory all saw an increase in the number of sales and in average price. (Remember the Mini Markets that make up Park City)

New condominium projects continue to boast the greatest buyer activity. With 190 condo sales, Jordanelle was the single most active market segment, closely followed by Canyons Village with 177 sales. These newer developments, which feature modern amenities and a range of prices, continue to resonate with sophisticated buyers. This trend is likely to continue with other new projects like those at Canyons Village and Silver Creek Junction.

In Wasatch County, Heber and Midway are the most active single family home markets with 218 and 109 sales, respectively. With new builds, attractive prices, and stunning views, these towns have seen tremendous real estate growth, which we predict will continue. To better navigate our complex market, reach out for information and options.

It is now golf season in Park City! You've Skied America's largest resort, now golf Utah's newest course. Canyons Golf Opens May 26th as well as Summer in the Mountains. From hiking and biking to the Alpine coaster and Kids Adventure Course, Park City offers family friendly activities all summer long!

MAY EVENTS

It's officially spring on the Wasatch Back, which means two-for-one entrees, Running with Ed, and mountain biking. While May can be a bit quiet, locals can find dining coupons, take tours at Red Butte Gardens, and make the most of uncrowded trails. The Egyptian Theatre has a great line up this month as does the Park City Film Series. Here are some events to check out:

All Month Park City Film Series

May 18-20 Hot Tuna at the Egyptian Theatre

May 20 Running With Ed

May 23 Jethro Tull at Red Butte Gardens

May 26 Park City Gallery Stroll 

Beyond Park City, Heber Valley boasts fishing, horseback riding, new restaurants, and dry trail systems in full bloom. Make the most of spring in the Wasatch. A few of our favorite spring hikes are Soapstone Basin, Heber Valley Overlook, and Round Valley, all of which provide spectacular views, wild flowers, and varied levels of difficulty. Here's some Heber Valley happenings:

May 19-20 Heber Valley Horse Sale at the Wasatch County Event Complex

May 26-June 3 Heber Valley Wild West Days