2023 Q3 Park City Real Estate Market Report

Park City Market Report Q3 2023.

With inventories returning to a more normal pre-Covid level, and competition for available properties still running strong despite record high mortgage interest rates, third quarter sales totals for single family homes in Summit and Wasatch counties were 46% higher than in second quarter, but the longer lens of year-over-year change showed sales dropped 25% while prices remained steady to up slightly. The median home sale price in the PCMLS primary market area increased just $10,000 for the year ending 9/30/23 vs. the same period ending 9/30/22. The quarterly increase in sales volume presages the direction consumers should expect to see in both prices and sales volume in the year ahead. This decrease in local…

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Utah Takes Top Positions in Ski Magazine's Western Rankings

Utah Ski Resorts Take 1st and 2nd Place in Ski Magazine’s Western Rankings.

Northern Utah is well represented in Ski Magazine’s list of the top 30 Western ski resorts, with Powder Mountain taking first place, Snowbasin coming in second and both Alta and Deer Valley making the top 10

Nearly every Utah resort broke some kind of record — Powder Mountain recorded its highest snowpack since 1977, according to Ski Utah, while Snowbasin had its longest season and most recorded snowfall ever.

In total, seven Utah resorts made the list:

• Powder Mountain - No. 1.
• Snowbasin Resort - No. 2.
• Alta Ski Area - No. 7.
• Deer Valley - No. 9.
• Snowbird Mountain Resort - No. 13.
• Park City Resort - No. 15.
• Brighton Resort - No. 17.

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Utah Happiest State in America

Happiest State in America: Utah

WalletHub released its annual “Happiest States in America” report, showing that Utah is the happiest state in the United States.

All 50 states were measured across 30 metrics, like depression rates, productivity, income growth, unemployment rates, sports participation rates, work environment and sleep rate. Upon analyzing the data, WalletHub revealed that Utah came out as the happiest state overall. Of notable mention was Utah’s remarkable volunteer rate, standing at an impressive 40.7 percent, surpassing Florida, the state with the lowest volunteer rate, by a striking 2.6-fold margin. In addition, Utah boasted the nation’s lowest separation and divorce rate, further enhancing its standing as a hub of…

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Alterra Mountain Company Announces Major Expansion of Deer Valley Resort

Deer Valley Resort Will Double Its Skiable Terrain While Adding Premier Hospitality via a New Village and Portal

Denver, CO, August 24, 2023 – Alterra Mountain Company, the world’s premier mountain operating company, has announced a major terrain expansion of Deer Valley Resort that will add 3,700 acres of terrain to its world-renowned, ski-only destination located in the Wasatch Mountains in Park City, Utah. In addition, the development of a new village and portal will dramatically improve access to the resort while adding world-class lodging, dining, and retail amenities in partnership with Extell Development Company.

The expansion will more than double Deer Valley’s skiable terrain, adding 16 new lifts and a new 10-passenger gondola,…

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2019 Park City Year in Review Market Report

Park City Year End Market Report - 2019

At the end of the fourth quarter of 2019, the overall year-over-year housing statistics for Summit and Wasatch Counties continued to show strong appreciation with increases in both average and median sale price as well as dollar volume. The greater Park City market in general continues to show great stability in single family homes. The number of homes sold increased 4% with the median sale price rising 12% year over year. During the same period in 2018, the median sale price gained 7% indicating a sustained period of steady, consistent growth.

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Luxurious Stein Eriksen Residences Ski-In/Ski-Out Home in Deer Valley

6891 Stein's Circle #7 - Deer Valley, Utah

$10,995,000 | 6 Bedrooms | 8 Bathrooms | 6,760 Sq Ft

Located at Stein Eriksen Residences, a private Deer Valley ski-in/ski-out enclave of only 15 homes and 37 condominiums. This luxurious ski home has been tastefully furnished by the designer/owner with only high-end furniture and lighting, upgraded finishes and an upgraded audio visual system. The home offers exceptional views overlooking the mountains of Park City and Deer Valley, some of the best views in Deer Valley. Truly ski-in/ski-out with access to the trail from the home's ski locker room. The floor plan has been thoughtfully designed with family in mind, including a custom bunk room and gaming area. All of this with exquisite amenities…

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Park City Utah Market Report | 3rd Quarter 2019

2019 3rd Quarter Market Report

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St. Regis Deer Valley Condos for Sale

St. Regis Deer Valley Luxury Condominiums

The St. Regis Deer Valley is a $320 million project spanning 12-acres and featuring 181 guest rooms, including 67 exquisite one bedroom suites and 114 luxurious rooms which can be paired with the suites to form spacious two, three, and four bedroom combinations.  The St. Regis Deer Valley also has 26 grand private residences on premises. The most luxurious amenities of any mountain resort in the world are offered, including the iconic 24-hour St. Regis butler service; J&G Grill, a signature restaurant concept conceived by Jean-Georges Vongerichten; ski valets; a 14,000 square-foot Reméde spa with pools; a Val d'Isere style "ski beach;" a world class 8,000 bottle wine cellar; and year-round…

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Summit & Wasatch County Show Steady Growth

Park City Board of Realtors Market Update

Park City, Utah - January 26, 2016

Summit and Wasatch County property prices rise at a steady market pace in 2015

At the end of the fourth quarter of 2015, the year-end statistics reported by the Park City Board of REALTORS® indicated a slow but consistent annual increase in both the number of closed sales and the median sales price for single family homes, condominiums and vacant lots in Summit and Wasatch Counties. The total dollar volume for 2015 was up 10% over 2014, reaching $1.85 billion, with single family homes sales accounting for the highest dollar volume by property type.

Single Family Home Sales
Within the City Limits (84060), the median sales price of a single family home was 17% higher…

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Deer Valley Resort Development Update - Winter 2015

Deer Valley Resort Developments -2015

We represent more developments than any other brokerage in Utah. We aren't just cornering the market...we're shaping it.

As the leading development listing agency in Park City, we are intimately familiar with all of town's new and upcoming product. From mountain modern to cutting edge contemporary, there is a functional home type that meets the needs of every buyer. In and around Deer Valley Resort, we are seeing an unprecedented influx of open floor plan modern builds that capitalize on Deer Valley Resort's tried and true reputation as one of America's premier ski home residential communities.

St. Regis at Deer Valley Resort

The venerated tradition of St. Regis’ luxury, romance and bespoke…

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