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.

Table of Contents

• About Ski Condos in Park City
• Park City Ski Condo Market and Prices
• Park City Ski Condo Average Prices
• Where to Find Ski Condos in Park City
• There's a Ski Condo for You
• Ski Condo Listings

Park City Land 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

About Ski Condos in Park City

Ski condos in Park City are a unique blend of convenience and luxury, offering unparalleled access to the world-class ski resorts of Deer Valley and Park City Mountain Resort. These properties are either ski-in/ski-out, have ski access to the condo complex, or are within easy walking distance to the slopes. This means that owners can enjoy the thrill of the slopes right at their doorstep, without the hassle of Park City ski traffic or fighting for a parking place.

Ski condos make up a significant portion of the real estate market in Park City. They account for 58% of all condos in the area, and 64% of all ski resort accessible properties when considering houses, condos, and townhouses. This makes them the most popular type of accommodation for those seeking proximity to the mountain. In the larger Park City market, ski condos play a crucial role. Their prevalence and popularity reflect the city’s status as a top-tier ski destination. Whether you’re a ski enthusiast looking for a home on the slopes, or an investor seeking a profitable rental property, ski condos in Park City offer a wealth of opportunities.

The following chart shows a breakdown of ski accessible properties for condos, houses, and townhouses in Park City, Utah.

The popularity of ski condos can be attributed to their convenience and the lifestyle they offer. Residents can wake up to breathtaking mountain views, enjoy a day on the slopes, and then return to the comfort of their own home, all without ever having to leave the resort area. This ease of access, combined with the high-quality amenities often found in these properties, makes ski condos an attractive option for both full-time residents and vacation homeowners alike.

Park City Ski Condo Market and Price Trends

The Park City ski condo market has seen some interesting trends over the years, as reflected in the data from Q1 2017 to Q4 2023.

The graph Ski Condo Average Sales Price by Resort reveals some intriguing pricing patterns. Despite the distinct locations of Canyons and Park City Mountain Resort (PCMR), their price trends are remarkably similar, with their lines overlapping on the graph. This is surprising given that PCMR is concentrated in Old Town, while Canyons is a dedicated resort base area. Deer Valley, on the other hand, stands out with prices averaging about 2x those of Canyons and PCMR. Prices have continued rising post-Covid though the trendlines are showing definite levels over the last few quarters, though Deer Valley continues to show stronger growth.

The second graph, Ski Condos Sold Per Quarter, shows a return to pre-COVID levels of around 40 sales per quarter, after a spike to between 110 - 200 during the pandemic. This indicates a stabilization of the market after an unprecedented period of high demand after the Fed began raising interest rates to tamp down inflation at the end of Q1 2022.

The third chart called Properties Sold By Quarter – Per Resort is a radar plot highlighting the dominance of Canyons in terms of sales volume. All three resort basess – Canyons, Deer Valley, and PCMR follow a similar trend, but Canyons accentuates a strong Q1 and Q4, with a definite slowdown in Q3. Canyons has a classic ski resort base packed with condominium complexes ranging from hip and affordable YotelPAD to the luxurious, amenity-rich The Pendry and every variation in between. There are nearly 2,000 Canyons accessible condos, offering about 40% of the ski condos serving Park City ski resorts.

Properties Sold By Quarter – Per Resort

These trends offer valuable insights into the dynamics of the Park City ski condo market. Whether you’re a buyer looking for the perfect ski-in/ski-out property, or a seller trying to gauge the best time to list, understanding these trends can help you make informed decisions. And remember, while numbers and graphs provide a useful overview, nothing beats the experience of hitting the slopes and seeing these stunning properties for yourself.

Park City Ski Condo Average Prices

Let's examine the average sales prices of ski condos in various developments in Park City. The data spans from Q1 2022 through 11/2023 and provides insights into the ski condo price ranges. A table summarizing this data is presented near the end of the report. Let’s dive in!

The average sales prices of ski condos in Park City offer a fascinating insight into the real estate market in this world-class ski destination. Here are some highlights from the data for Q1 2022 through 11/2023:

• The The Residences at the Tower in Empire Pass top the list with the highest average sales price of $7,936,250 from 4 sales.
• Montage Deer Valley in Empire Pass follows closely with an average sales price of $7,268,017 from 6 sales.
• St. Regis in Deer Crest is the third highest with an average price of $7,172,600 from 5 sales.
• YotelPAD in Canyons offer the most affordable condos with an average price of $410,544 from 24 sales.
• Victorian Village in Old Town is another affordable option with an average price of $440,238 from 4 sales.
• The Pendry in Canyons Village had the most sales with 142 transactions, likely due to it being a new development with most of its sales occurring during this time period.
• The area with the highest average price is Empire Pass, home to the top three most expensive developments: The Residences at the Tower, Montage Deer Valley, and Flagstaff.
• The area with the lowest average price is Old Town, which includes more affordable developments like Park City Village, Snow Country, and Victorian Village.

Whether you’re looking for a luxury ski-in/ski-out property or a more affordable option close to the slopes, understanding these trends can help you make an informed decision. Remember, while these averages provide a useful overview, prices can vary greatly even within the same development or area, so it’s always a good idea to work with a knowledgeable Slope Style Realty agent to tailor your search to your specific needs and goals.

Where to Find Ski Condos in Park City

Park City is home to two world-class ski resorts: Deer Valley and Park City Mountain Resort (PCMR). Each of these resorts offers a unique selection of ski condos, catering to a range of preferences and budgets. PCMR has two main bases so we break them out separately for this discussion: PCMR and Canyons Village. PCMR will consist of the base near Old Town and Canyons Village the base outside of town.

In total, there are 1,951 ski condos distributed across these two resorts. Here’s how they break down:

• Canyons: Home to 929 ski condos, Canyons boasts a variety of developments such as Apex Residences, Blackstone Flats, and Hyatt Centric. The largest development in terms of number of condos is Yotelpad Condominiums with 144 condos.
• Deer Valley: With 552 ski condos, Deer Valley features luxurious developments like Montage Deer Valley, St. Regis, and Stein Eriksen Residences. The development with the most condos is St. Regis with 135 condos.
• PCMR (Park City Mountain Resort): PCMR hosts 470 ski condos with developments like Kings Crown, Park Station, andSilver Star - Spiro Condominiums. The development with the most condos is Snow Flower with 90 condos.

Whether you’re looking for a ski-in/ski-out condo at the foot of the Canyons, a luxury residence in the heart of Deer Valley, or a cozy retreat in the historic PCMR, Park City has a ski condo to suit your needs. Remember, the best way to find the perfect ski condo is to work with a knowledgeable Slope Style agent who understands the Park City market and we expertly guide you through the buying process.

There's a Ski Condo for You in Park City, Utah

Park City, with its world-class ski resorts and diverse range of ski condos, offers a unique blend of adventure and comfort. Whether you’re a ski enthusiast looking for a home on the slopes, or an investor seeking a profitable rental property, Park City’s ski condo market provides a wealth of opportunities. From the luxurious residences in Deer Valley to the affordable options in Old Town, there’s a ski condo to suit every preference and budget. As we’ve seen, understanding the market trends and average prices can help you make an informed decision. But remember, nothing beats the experience of hitting the slopes and seeing these stunning properties for yourself. So, why wait? Start your Park City ski condo journey today and embrace the mountain lifestyle you’ve always dreamed of. Happy skiing!

Note: All data used for generating this article, tables, and charts were obtained from the Park City MLS. This data likely varies from the full, accurate data of all transactions and properties within the Park City area. That said, the results should provide a reasonable idea of the Park City ski condo market.