New Development Property Report

New Development Report - 5 Minute Read

8/30/2023(Updated 9/25/2023)


# Listings



% of active listings


First Time

Lowest priced listing



Highest price listing


The Park City New Development market is dynamic and diverse with around 200 active listings for newly constructed properties. With many options available, new development properties account for 28% of the total inventory in the area. The prices vary widely, from $329,000 for a cozy studio condo at YotelPAD to $45,000,000 for a lavish ski in ski out estate at Deer Valley. The median price for new development properties is $2,575,000, with single family homes at $2,925,000 and condos near $800,000. Single family homes dominate the new development market, making up two-thirds of all the properties available. The Park City New Development market offers a range of options for buyers looking for newly constructed properties.

Table of Contents

New Development Report Quick Facts

Number active listings189
Proportion of all listings28%
Most affordable condominiumYotelPAD at $392,000
Highest priced homeThe Colony at White Pine Canyon at $44,950,000
Most total listingsHideout with 37 total listings
Most single family listingsPromontory with 29
Most condo listingsPendry with 5
Most townhouse listingsWasatch Springs with 9

How can we help you find a new home in Park City?

Get the latest on the Park City new home market

New Development Price and Activity Market Trends

One of the most notable trends in the Park City New Development market is the steady increase in the median price for newly built properties. Since the first quarter of 2021, the median price has risen from $974,000 to $2,575,000, a 160% increase in less than three years. This trend is driven by the high demand and limited supply of Park City homes, with new single family homes reaching a median price of almost $3,000,000. Condos and townhouses offer more affordable options for buyers, with median prices of $797,000 and $1,225,000, respectively. The number of active listings for new development properties has remained relatively constant over the same period, fluctuating around 200 listings. The number of listings peaked in early 2020, before the Covid-19 pandemic hit Park City and caused a surge in sales volume. The number of listings bottomed in March 2022, when the Federal Reserve started to raise interest rates and slowed down the market. Since then, the number of listings has stabilized and reflects the balance between supply and demand in the new development market.

The chart "New Development Price and Activity Market Trends" shows the list price and active count for New Development Properties in Park City over the last four years. The data is presented by quarters starting with Q1 2019. The median price can be volatile so it has been smoothed with a trendline in solid blue.

Chart show list price and number active listings by quarter over last 4 years

Where to Find New Development Homes

If you are looking for a new development property in Park City, you will find most of the options in the eastern part of the market, near Deer Valley East Village, the Jordanelle Reservoir, and Promontory. These areas can offer stunning views, access to outdoor recreation, and proximity to the widely anticipated East Village Resort. Hideout is one of the most active communities in this region, with multiple planned developments of Shoreline, Klaim, Deer Waters Resort, and Deer Springs. Hideout features a nice split between townhomes and single family homes, with prices ranging from $949,900 to $4,300,000. Amenity rich Promontory is another popular community for new development, with 29 single family luxury homes available. Promontory offers custom homes, spec homes, and developer designed homes to go with a variety of amenities such as golf courses, clubhouses, and equestrian facilities. The prices for Promontory homes start from $2,100,000 and go up to $18,250,000. Tuhaye is another amenity rich community building single family homes for purchase located east of Park City. Tuhaye homes have prices from $3,000,000 to $8,000,000 and feature views of the Uinta Mountains and the Mark O’Meara golf course.

New homes can also be found closer into town and among the more established Park City neighborhoods. Old Town Park City currently offers 9 new single family homes with a median price just south of $6,000,000. The ever popular commuter friendly Pinebrook area has 4 new homes for sale in Discovery Ridge starting at $1,690,000. Just north of I-80, the Glenwild private golfing community has 5 single family homes starting at $3,800,000 and topping out at $14,900,000.

This colorful chart "Acitve Listings by Area and Type" shows where new development properties are actively listed in the Park City MLS at the time this report was written. The single family homes are shown in blue, condos in green, and townhouses in graph. The total number of properties available for each area is shown at the end of the bars for each area.

Chart showing number of listings for each area stacked by property type

Top New Home Communities in Park City, Utah

The Park City real estate market features multiple developer-delivered new single family home communities outside Park City limits. You can find new construction communities in golf communities and along the Jordanelle Reservoice.


An amenity rich community consisting of 7,200 acres featuring multiple communities offered by the developer, Promontory HOMES.

  • Clubhouse Villas – Nestled along the Nicklaus Painted Valley Course, the Clubhouse Villas offer great golf and fairway views and are conveniently located to Clubhouse and Beach House amenities. Prices started at $3,000,000 with floorplans with 3 bedrooms and 2,645 square feet.
  • Double Deer Cottages – 26 single-story buitique homes located along the Nicklaus Painted Valley Golf Course's 18th hole. Each golf-front cottage is exquisitely appointed with beautiful mountain modern, light interiors and furnishings for a turn-key solution to owning at Promontory. The Perch is the communities private club with a pool, hot tub, and enetertainment kitchen/bar.
  • Hillside Estates at Painted Valley – These spacious Hillside Estates feature a 3-car garage and mountain contemporary styling of stone, steel and wood. Prices started at $3,625,000 and floorplans range from 3,540 – 5,000 squre feet.
  • Pinnacle – an elegant enclave within Promontory featuring expansive views of the Wasatch Mountains and the Dye Golf Course. All elegant, style-forward homes feature uncluttered modern luxury design, and draw inspiration from nature’s canvas of a stunning mountainous setting.
  • Sage Hills Estates – located along Promontory’s new par 3 18-hole golf course, the neighborhood of 42 homesites is built by Promontory Homes range from four to six bedrooms (3,626 to 6,673 square feet) and include a comprehensive buyer selection process in our Design Center to customize selections, finishes and design elements
  • The Gallery – an enclave of 11 mountain view homesites, with homes built by the developer’s exclusive home builder, Promontory Homes. The generously-sized residence and estate home designs feature new construction with the flexibility of design choices and high-end finishes without the time commitment of a full custom build.

Many independent developers offer spec homes within Promontory – short for speculative house that a builder constructs and markets independently from the larger community builder. The Slope Style Realty team has success guiding clients through selecting a spec home or land for building a custom Promontory luxury home.

  • Skyridge – a master-planned community located along the north west shore of the Jordanelle Reservoice featuring 485 luxury homesites. Many homesites feature lake and Deer Valley views. Lot sizes range start at 0.16 between 2,000 – 8,000 square feet. Amenities are scare today but will grow to include a shuttle to Deer Valley East Village, a small par-3 golf course, trails, equestrian center, and a golf academy. Builders are currently offering luxury homes ranging in price from $3,790,000 – $5,300,000 and range in size from 3,995 to 5,500 square feet.

Located just east of Hideout and sitting atop the eastern finger of the Jordanelle Reservoir lies the luxury community of Tuhaye. Built around the Mark O’Meara-designed Signature Championship gof course and sporting jaw-dropping views of Deer Valley and the Uintas – Tuhaye defines the good life.


Hideout is a community situated north-east of the Jordanelle Reservior along Highway 248. New home construction has been brisk in this area for several years with the help of independent builders and established Utah developers. The area contains a public gold course and homes can have stunning views over the Jordanelle, Deer Valley, and the Uinta Mountains.

  • Soarding Hawk – a 154 homesite development with all homes being designed and constructed by independent builders. With 7 homes for sale, there are multiple options to choose from the in $2,000,000's.

Top New Condos in Park City, Utah

  • Pendry Residences Park City – Pendry Park City is the most luxurious resort condominium. The Pendry offers ski in/out access, the very best in service and hospitality, world-class spa and fitness center, multiple restaurant and entertainment options wrapped in a modern aestetic. The Pendry currently have 5 newly constructed condos for sale ranging between $999,000 and $2,500,000.
Deer Mountain
  • Black Rock Resort Luxury Condos – perched on the side of Deer Mountain, this luxury condominium is rapidly expanding with event spaces, a hockey rink, huge fitness center, and twin shuttles to take owners and guests to Deer Valley, Park City Mountain Resort, and Old Town. There is a single developer offered unit at this time though a new phase will be released soon.
  • Wasatch Springs – an affordable townhouse complex built by local Utah builder, Holmes Homes. The homes have modern finishes and provide 2 car attached garages. There are currently 9 new units for sale and prices start at $850,000 and go up to $1,100,000.

Hideout is a community situated at the north Jordanelle Reservior along Highway 248. New home construction has been brisk in this area for several years with the help of independent builders and established Utah developers. The area contains a public gold course and homes can have stunning views over the Jordanelle, Deer Valley, and the Uinta Mountains. The following communities are all townhome developments.

  • Deer Waters – a Holmes Homes development along the Jordanelle Reservoid shores. These twin homes offer some stunning Jordanelle and Uinta views and feature three and four bedroom modern designs along with 2 car garages. The developer is currently offering 7 units mostly priced around $1,300,000.
  • Klaim – a strikingly modern community along highway 248, the townhomes feature three and four bedroom floor plans and two car garages. Klaim currently has 7 new units for sale and are priced around $1,500,000.
  • Shoreline – a planned 700 twinhome development next to Deer Waters with floor plans providing 3,300 square feet of living space and attached 2 car garages. The developer currently has 3 new homes available for around $1,600,000.
  • Mayflower Lakeside – a popular master-planned community located between the Mayflower Resort and the Jordanelle Reservoir. The community will contain 15 buildings with 12 condominiums residences per building. There is currently one new unit for sale and the price is $905,000.

New Development Price Stats for Park City Areas

The following table lists all of the Park City, Utah areas offering New Development Properties. The types of properties currently available are listed for each area with the price range, size, and number of bedrooms provided to help fine tune your search for a new home. We have years of successful experience guiding clients through finding just the right property in our dynamic market. So please reach out if you have any questions or want to check out some homes.

TypePriceSquare FeetBeds
Single Family$16,500,000$44,950,0009,63217,56766
Deer Crest
Single Family$16,945,0009,1556
Deer Mountain
Single Family$2,195,000$4,950,0003,8145,78146
Empire Pass
Single Family$9,495,0005,4255
Single Family$3,800,000$14,900,0004,10011,24647
Single Family$2,068,341$4,300,0003,2035,06845
Jeremy Ranch
Single Family$3,950,0006,2094
L. Deer Valley
East Village
Single Family$3,800,000$8,625,0002,2624,87035
Single Family$3,264,000$5,276,7493,2005,50036
Old Town
Single Family$3,790,000$7,700,0002,1044,40747
Single Family$1,690,000$2,530,0002,4334,43944
Single Family$2,100,000$18,250,0001,88010,25426
Silver Creek
Single Family$1,000,000$1,495,0002,7184,24545
South Jordanelle
Single Family$1,495,000$10,900,0002,1018,04026
Summit Park
Single Family$1,775,0003,1505
Single Family$2,999,000$8,500,0002,5427,75446
U. Deer Valley
Single Family$27,300,00011,8547
Andy Krumel


Andy is a former naval aviator and Silicon Valley entrepreneur, having spent over 15 years delivering groundbreaking mobile and SAAS products. Andy brings his technical experience and innovative approaches to Slope Style Realty and KW Park City Keller Williams as a licensed Realtor.

Related Articles

Park City Home Prices logo

Slope Style Realty

(435) 565-1323

KW Park City Keller Williams

Question or comment — we always love to hear from you!

Slope Style Realty LLC | KW Park City Keller Williams Real Estate

PC Home Prices, Park City Prices are trademarks of Slope Style Realty, LLC. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Updated September 2023: By searching, you agree to theTerms of Use andPrivacy Policy.


This information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS. The multiple listing information is provided by Park City Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2022 Park City Board of REALTORS®, All Rights Reserved. Access to the multiple listing information through this website is made available by Slope Style Realty LLC as a member of the Park City Board of REALTORS® multiple listing service.

Copyright: © 2024 Slope Style Realty LLC. All rights reserved.