Market Reports

                                                              GPC = Greater Park City
                                                              NAR=National Association of Realtors

  Dr. Lawrence Yun, Economist for NAR ….”as a whole, the year will end with the best sales in seven (7) years.”

 SALES:

 Monthly Pended Sales increased every month for the past 24 months.......................Pending Sales

  Pended sales 2013, GPC area are up ……………. 21% over 2012............................Pending Sales  Bar Graph
                                                                                              41% OVER 2011

  Closed Sales 2013, GPC area, were up ………….. 17.6% over 2012........................Number of Transactions
                                                                                              31.7% over 2011          

  Total Sales Volume 2013, GPC area was up  …. .. 20.2% over 2012........................Closed Sales
                                                                                             37.8% over 2011       

SUPPLY:

Nationally, housing inventory declined 9.3% … representing only a 4.6 month supply at current sales levels.  7 to 8 months is considered a healthy real estate market.  At 4.6 months we are in a sellers market.

Greater Park City:  Total listings 1,113 … down 7.3 %....................................................Inventory Supply
                                                                       Record Low Inventory since 2007              

                                                                       Absorption rate down to 7.4 months...........Absorption Rate

CASH SALES:  *Mostly Inventors ………  Nationally … 32%    GPC     48%...............Cash Sales

DISTRESSED SALES:  Less than 3.5% of market.  Basically, no longer a factor in our market.

SHADOW INVENTORY … Nationally … Real Estate in some foreclosure stage….. down 34%
                                               Mortgages …. Less than 5% are in serious delinquency

PRICES:   Nationally:

                National Assoc. of Realtors ..........................….Median home price rose 9.9%
                Case-Shiller (20 City Composite) ……........... Median home price rose 13.7%
                Core Logic ………………………………………Median prices rose 11.8%

                Greater Park City area …NAR vs Park City Price …. Median price trends............. NAR/PC Median Trends   
                                                             6 month rolling average… Median prices up 7.9%        Median Prices
                                                           12 month rolling average ... Median prices up 7%...... ....Median Prices

               Condominiums …...…..  Median price/square foot down 15%.................................Condos Median $ Median $ SF
               Single Family Homes …  Median sales price  up  28% ............................................Single Family Homes