Deer Valley® 2019 Market Report

2019 Marke t Overvi ew f or Deer Val l ey ®

Empi re Pas s

1 60 t o tal sal e s

2019 vs . 201 8

Re s ident ial Stat s Transactions 63% Total Dollar Volume $59,249,253 68% High Sales Price $7,525,000 10% Low Sales Price $1,059,000 13% Avg Sales Price $2,821,393 14% Avg Days on Market 411 10% Pending Transactions 29 Current Inventory 50 21

Marke t Ins ight s

29 t ransac t i ons under $1m

The Village at Empire Pass is Deer Valley’s newest and most exclusive ski-in/ski-out community. Empire Pass is comprised of 1,600 acres, of which only 10% will be built on. Real estate development at Empire Pass is limited to 525 homesites and offers spectacular ski homes, large luxurious townhomes, and extravagant condominiums in some of the most exclusive lodges in the world. Residents at Empire Pass enjoy access to the Tower Club at Deer Valley, which boasts year-round amenities and activities in breathtaking surroundings, polished by great service. Long been known as the best ski-in/ski-out location in Deer Valley, Empire Pass is a currently a mix of new construction options and resells. All new construction options are being delivered now and once they sell out, all future new construction options at Deer Valley will be much lower on the mountain and further to the east. It truly is an important time to explore these final options if getting the ‘pick of the litter’, capturing pre-construction incentives, and customizing finishes is important to you. Area Overvi ew At first glance it looks like the neighborhood is trending severely downward. It is not! If anything, it’s one of the more active and most desirable neighborhoods in Deer Valley. What the statistics don’t show is that the $100 million worth of real estate sold in the One Empire Pass project all closed in 2018. That skewed the sales numbers higher in 2018. Those sales were done over the course of 30 months from 2015 through 2018. In addition, there are 26 pre-construction properties that are pending sale that total an additional $104 million and most of these contracts were written in 2019. These pending sales are not showing up in the statistics above. With those adjustments applied, 2019 was actually a better year in sales volume than 2018.

70

45 t ransac t i ons t ransac t i ons f rom $1m t o $2 . 5m

f rom $2 . 5m t o $5m

$23 , 750,000 $640,000

highe s t sal e : l owe s t sal e :

16 t ransac t i ons over $5m

Invent ory by Segment

Single-family Homes

Townhomes & Condos

Vacant Land

uni t s

vo lume

$8 M

3%

25%

$137 M

$188 M

72%

New Deve l opment

Sal e s Di s t r ibut i on by Pr i ce

1 8%

10%

Argent Empire Pass – Coming Soon! 2 - 4 Bedroom Condos...............$2.4M - $7M Website.....................ArgentDeerValley.com

over $5m

under $1m

44%

28%

$1m - $2 . 5m $2 . 5m - $5m

A private enclave of 28 distinctive residences providing outrageously quick and easy ski-in/ski-out convenience.

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