2026 Mid-Year Report | July 2026 Edition

Park City Closed $1.326B+ Across 410 Residential Transactions in the First Half of 2026

Single-family homes carried the largest dollar volume, while condos and townhomes remained active but more price-sensitive. Fourteen closings above $10 million cleared in the first half of 2026. Data covers Park City Limits and the Snyderville Basin only.

First-Half Volume

$1.326B+

410 transactions

Single-Family Median

$3,160,000

209 closings

Condo Median

$1,300,000

201 closings

$10M+ Closings

14

$236,760,000 combined

About this report. Prepared by Derrik Carlson, Resort Real Estate Advisor and team lead of REAL ESTATE IN PARK CITY, Luxury…

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16 Reasons to Move to Park City, Utah

KEY POINTS: Park City combines resort-level amenities, top-ranked schools, a flat 4.45 percent state income tax, and a 35-minute drive to a major international airport. The Deer Valley expansion and the 2034 Winter Olympics add long-term momentum that few American towns can match.

The best small town in America is Park City, Utah. I have advised buyers and sellers in this market for nearly 20 years, and the reasons below come directly from what my clients tell me after they move. No other small town offers a luxury resort lifestyle 35 minutes from a major international airport. Fiber internet reaches many neighborhoods, cell coverage is strong, the public schools rank among Utah's best, and the community stays…

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Buying a Park City condo under $1 million that can be rented short-term is still one of the more accessible ways into this market, but the right answer depends far more on the building than the neighborhood name. Treated correctly, the purchase is an investment decision first and a second home second.

A strong rental condo needs more than an MLS field marked “nightly rental allowed.” The HOA documents, rental minimums, local licensing rules, parking, property management options, amenities, financing, and ownership structure all matter. A unit that looks inexpensive on paper can become expensive quickly once HOA dues, management fees, special assessments, and rental restrictions are factored in. The same diligence that protects you as a buyer is what…

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Park City Gated Communities and Homes for Sale

Gated communities in Park City, Utah, give second-home and primary buyers a combination of privacy, security, and direct access to skiing or golf that the wider market rarely matches. Park City gated ski homes for sale run from ski-in/ski-out enclaves above Deer Valley and Canyons Village to gated golf communities across Summit and Wasatch counties, with acreage estates and new-construction neighborhoods rounding out the options. Derrik Carlson is the number one Keller Williams agent in Utah for 2026, with more than $135 million in documented buyer-side volume, and works both sides of these transactions with current sales data on every gate.

Talk through your options with Derrik Carlson: call or text…

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The clearest measure of how the greater Park City luxury market has changed is the gap between two numbers. Median sale price held near $6.5 million from 2020 through 2025, while median price per square foot rose from $847 to $1,343, a 58% climb. The market did not move much at the headline median price level. It became more valuable per square foot, which is why a property that looks comparable to a 2021 sale on price often is not comparable at all.

The figures below come from 979 closed transactions at $4.5 million and above across the greater Park City area, also called the Wasatch Back, covering Summit County and Wasatch County. That footprint spans the Deer Valley corridor, ski-in/ski-out neighborhoods, The Colony at White Pine Canyon, and the…

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Building a custom home in Park City is one of the most consequential real estate decisions a buyer can make in this market. The variables, including lot selection, builder vetting, financing structure, HOA design review, county permitting, and construction oversight, all compound over a 14 to 24-month build cycle. This article walks through how the process actually works, what most buyers underestimate, and where the real risks live.

For the structured buyer-side service Derrik & Co. offers, see the Park City Home Builder Services for Buyers page. This article covers the broader process for buyers who are still researching whether custom building is the right move.

Why Custom Building in Park City Is Different

Park City sits at altitude.…

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Off-Market Properties in Park City and Deer Valley, Utah

Approximately 20 percent of the transactions I have been involved with were never recorded on the MLS. That number is not a marketing line. It is a working reality of how the upper end of Park City and Deer Valley actually trades.

Off-market properties move through agent relationships, direct owner conversations, builder networks, and quiet introductions long before they appear on Zillow, Realtor.com, or the local MLS feed. For the right buyer and the right seller, that channel can be the difference between owning the property you actually want and waiting for something close enough to appear publicly.

Off-market real estate in this market is not about finding a hidden bargain. It is…

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Summer in the Park City area runs from late May through mid-September and covers six communities: Park City, Deer Valley, Canyons Village, Heber, Midway, and Oakley. The 2026 calendar includes the Park City Farmers Market every Wednesday from May 27 through October, Park Silly Sunday Market through September 27, the Deer Valley Music Festival from July 17 through August 15, the Oakley PRCA Rodeo from July 1 through July 6, the Kimball Arts Festival from August 7 through August 9, and Midway Swiss Days on September 4 and 5. Free concerts run weekly at Canyons Village, Silver Lake Lawn at Deer Valley, Heber Main Street Park, and Midway Town Square. This guide covers every recurring market, signature festival, concert series, rodeo, race, and seasonal event…

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Factors that drive the resale value of a Park City home in 2026

Park City buyers know they are paying near the top of the cycle. Because of that, they expect a home or condo to be in high-grade condition the day they walk through the door. Move-in ready is the baseline, not a bonus.

That single shift, more than any other factor, is shaping resale value across Summit and Wasatch counties. Properties that meet the current standard are selling. Properties that fall short are sitting, regardless of address.

Condition Now Drives Final Sale Price

For most of the last decade, a strong location could carry a tired home. That dynamic has weakened. Buyers in 2026 are still willing to look at older properties, but they are running the numbers before they write an offer.

The math has tightened. When a buyer adds…

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Park City real estate is still active, but it is more selective than it was a few years ago.

That is the simplest way to describe the current market. Good properties are still selling. Well-located homes, newer construction, ski-access properties, and quality real estate in the right neighborhoods continue to draw attention. Buyers are asking better questions, sellers are facing more price sensitivity, and the details matter more than they did during the peak market years.

This post is about how to think about that shift, not the numbers behind it. For closed-transaction data, monthly figures, ultra-luxury closings, and neighborhood-level performance, the Park City real estate market report tracks all of it. What follows here is the advisory layer:…

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