Market Reports
Detailed looks at the Park City real estate market. Reports examine the market at large, specific segments, and the relationship to the broader US real estate market.
image courtesy of Extel
Park City Ski Condo Market Report
11/12/2023 by Andy Krumel
Count
# Listings
88
Proportion
% Active
16%
Hip
Lowest priced
$305K
Luxury
Highest price
$6.3M
Embrace the thrill of winter in Park City, Utah, where over 12,000 acres of breathtaking skiing terrain meet the convenience of over 100 ski condo complexes, all within a snowball’s throw of our two world famous resorts. Don’t just vacation - live the adventure!
The Park City Ski Condo market currently represents 30% of all condo sales over time there are currently 88 ski condos for sale in the Park City MLS. Ski condo prices vary widely with newer developments generally providing more selection along with higher prices, such as Grand Hyatt Deer Valley and The Pendry. The least expensive ski condo is currently located in for $305,000 for a studio while the most expensive ski condo in Park City is $6,250,000 for a 3 bed, 3 bath, 2,683 square foot unit in . In total, there are approximately 111 ski condo complexes in the Park City real estate market and 34 of them have active listings at the time this article is being written.
Here are some high level facts to get a feel for the ski condos for sale in Park City:
- The median price for a ski condo is $1,290,000
- The average price for a ski condo is $1,872,804
- The Pendry in Canyons has the most condos for sale in the Park City MLS
- The median days on market for a ski condo is 93 days while average days on market is 133 days
In case you're curious, the most expensive property is found in Deer Valley's Goldener Hirsch at $2,498 per square foot, which translates to $5,995,000 and the HOA fees will set you back $3,940 per month! The least expensive ski condo currently costs $617 per square foot or $800,000 list price in Park West/Hidden Creek. The Ski Condo market in Park City, Utah offers a diverse range of prices and options within a compact area, from ultra-modern, luxurious on-mountain ski-in ski-out penthouses, to sub-500 square foot studios with the vibrant urban lifestyle of Old Town, ski bum chic studios tucked away off the Park City Mountain base. There’s truly something for everyone in this dynamic market.
New Development Report Quick Facts
| Number active listings | 88 |
|---|---|
| Proportion of all listings | 16% |
| Most affordable ski condo | Silverado Lodge at $305,000 |
| Highest priced ski condo | Goldener Hirsh at $6,250,000 |
| Most total listings | Pendry with 16 total listings |
| Largest condo | Grand Lodge at 3,409 square feet |
| Most expensive area | Montage with an average sales price of $7,268,017 |
| Least expensive area | Yotel Pad with an average sales price of $410,544 |
image courtesy of SkyRidge
Park City Homesites Market Report
10/30/2023 by Andy Krumel
Count
# Listings
296
Proportion
% Active
31%
Secluded
Lowest priced
$225K
Luxury
Highest price
$15M
The Park City Land market currently represents 31% of all active listings with 296 lots for sale in the Park City MLS. Homesite prices and acreage varies widely with the best selections located in the planned developments, such as Promontory, SkyRidge, and Tuhaye. The least expensive lot is located in Summit Park for $225,000 for 0.5 acres while the most expensive homesite in Park City is $15,000,000 for 0.71 acres in Empire Pass. The largest median sized lot will be found slopeside in Canyons at 10.3 acres and the smallest in historic Old Town at 0.12 acres.
Here are some high level facts to get a feel for the land for sale in Park City:
- The median price for land is $995,000 or $1,036,458/acre
- The average price for land is $1,600,000 or $1,036,000/acre
- The median lot size currently for sale is 0.96 acres yet the average is 2.4 acres
- The median lot has been for sale for 157 days while the average is 232 days
In case you're curious, the most expensive property is found in the heart of Old Town at $47,375,000 per acre or $1,087 per square foot! The least expensive land is in Stagecoach Estates for $68,226. The real estate market in Park City, Utah offers a diverse range of prices and options within a compact area, from secluded mountain properties for those seeking tranquility, to the vibrant urban lifestyle of Old Town, amenity-rich communities for a luxurious living experience, and ski-in ski-out resort properties for the ultimate winter sports enthusiast. There’s truly something for everyone in this dynamic market.
New Development Report Quick Facts
| Number active listings | 296 |
|---|---|
| Proportion of all listings | 31% |
| Most affordable homesite | Summit Park at $225,000 |
| Highest priced homesite | Empire Pass at $15,000,000 |
| Most total listings | Promontory with 73 total listings |
| Largest lot | South Jorandanelle at 53 acres |
| Most expensive area | Upper Deer Valley at $19,350,000 per acre |
| Least expensive area | Stagecoach Estates at $68,226 per acre |
New Development Property Report
8/30/2023 by Andy Krumel(Updated 9/25/2023)
Count
# Listings
189
Proportion
% of active listings
28%
First Time
Lowest priced listing
$392K
Luxury
Highest price listing
$45M
New Development Report Quick Facts
| Number active listings | 189 |
|---|---|
| Proportion of all listings | 28% |
| Most affordable condominium | YotelPAD at $392,000 |
| Highest priced home | The Colony at White Pine Canyon at $44,950,000 |
| Most total listings | Hideout with 37 total listings |
| Most single family listings | Promontory with 29 |
| Most condo listings | Pendry with 5 |
| Most townhouse listings | Wasatch Springs with 9 |
