Summary: Pinebrook is one of Park City’s larger neighborhoods with over 700 homes and over 400 residential townhomes. Single family homes range from about 2000 sq ft to over 7500 sq ft. Values have increased about 10% per year, over the last 5 years. 2016 average $$ per sq ft is slightly ahead of where the market was right before the economy crash in 2008. Absorption rate remains low with a 3 month supply (seller’s market). Look for modest gains to continue through 2017. Location and upgrades make a difference, while showing condition is the most important factor for getting the highest possible sales price.
For full end of year Market Pulse click here. Market Pulse contains current, active, pending, sold stats; 5 year history; absorption rate.