Glenwild Real Estate Market Performance in 2017
2017 was another good year for the overall Park City real estate market, but the performance of each neighborhood varies widely. Let's take a closer look at how the market in Glenwild performed in 2017.
Looking at the single-family home market, five homes traded in Glenwild during 2017. One home that sold late in the year was a bank-owned sale at 8135 Glenwild Drive. That home sold for $1,220,000 or just $206 per square foot. This home had several hundreds of thousands of dollars of deferred maintenance and repairs to be made and would likely be eliminated from most appraiser's consideration as a comparable sale for Glenwild. The top single-family sale for the year was 1383 Snow Berry that sold in September, 2017 for $3,215,000 or $620 per square foot. The three other homes that sold in 2017 were 8115 Glenwild Drive, 6931 Lupine Drive and 7321 Glenwild Drive. Eliminating the bank owned sale, the average sale price of a single-family home in Glenwild in 2017 was about $2.6 million or $424 per square foot.
Already in January of 2018, we have seen one home sell, 1133 Snow Berry Street, at $671 per square foot, indicating pricing could be on the upswing in Glenwild. One other home on Purple Sage is pending sale at this time and is priced at $3,890,000 or $498 per square foot.
In 2017, five vacant lots sold in Glenwild. These sales ranged in price from $450,000 for a 0.61 acre lot at 7955 Glenwild Drive up to $815,000 for a 1.09 acre lot at 7385 Foxglove Court located on the golf course and on a cul-de-sac with mountain views. In my opinion, Glenwild continues to offer value relative to some of the other vacant land parcels actively listed in and around Park City, so contact me if you'd like more detail on the available land or single-family listings in the area.