Real Estate market updates for Park City, Utah.

This Park City Market Trend Report has been Consistently Updated Since 2020.

Executive Summary: Explore the latest updates in the Park City Market Trend Report, covering January 2023 to January 2025. For data from previous years, click the links titled "Historical Market Report for 2020, 2021, 2022, and 2023," which are available and conveniently linked on this page.

Park City Market Update & Trends for 2020 This Park City Market Trend Report, updated since COVID-19, covers data from January 1, 2020, to January 31, 2024, offering the most comprehensive view of real estate market trends in Park City, Utah, over this period.

Additionally, the report includes "Predictions from Derrik on the 2025 Real Estate Market in Park City, Utah," offering insightful forecasts for the coming…

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Building in Park City, Utah: Real Estate Information, Newly-Built Homes, and Lots for Sale

Home under construction in Park City, Utah

Building a home in Park City, Utah, can be daunting, but it can also be a rewarding experience with the right information and resources. As your trusted Park City Realtor, the Carlson Real Estate Team is here to provide the guidance you need to make informed decisions and turn your dream of owning a home in Park City into a reality.

The costs involved are among the first things to consider when building a home in Park City. Having a realistic budget and working with a reputable builder who can help you stay within that budget is important. The Carlson Real Estate Team has years of experience working with builders, architects, and designers in the area. As…

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Insights for Luxury Buyers for Deer Valley Real Estate Buyers

As of December 9, 2024, Deer Valley’s real estate market is thriving, offering a unique combination of luxury, adventure, and investment potential. Nestled in the heart of Park City, Utah, Deer Valley is synonymous with world-class skiing, exceptional mountain living, and an unparalleled lifestyle. Let’s explore the latest market trends and why Deer Valley remains a prime destination for luxury buyers.

Deer Valley Highlights: The Lifestyle Buyers Desire

World-Class Skiing and Mountain Biking

Deer Valley is celebrated as one of the premier ski resorts globally, known for its exceptional grooming, attentive service, and skier-only slopes. With over 2,000 acres of skiable terrain,…

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Is Paying Cash for a Park City Property a Smart Investment?

By Derrik Carlson | Park City Realtor | 11/25/2024

Imagine owning a condo in Park City, Utah—a premier destination for vacationers and investors. With world-class skiing, a lively Main Street, and year-round recreational opportunities, it's no wonder Park City real estate is highly sought after. This article will discuss a real-life example of whether paying cash for a $950,000 Old Town property is a smart investment, factoring in rental income, expenses, and long-term appreciation potential. Contact Your Park City Realtor to explore investment opportunities.

The Numbers: An Example Scenario

This scenario reflects current market conditions as of 11/25/2024.

  • Purchase Price:…

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The New Buyer-Broker Agreement in America & Specifically Park City

The real estate landscape in America has changed. As of August 17, 2024, new guidelines require prospective buyers to sign a written buyer agreement before viewing properties. It's been a month since these changes were implemented, and I wanted to take some time to observe how they've affected real-world transactions before discussing them. While the intent is to create more structure and transparency, it has added complexity and friction that agents, including myself, didn't necessarily expect - however, it's mostly changed the timing of when paperwork is presented and expanded our strategy of moving forward in a transaction.

For example, last week, a past client wanted to…

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The Most Expensive Homes in Park City, Utah

Park City's ultra-luxury real estate market continues to evolve, offering exclusive opportunities for those seeking world-class homes in one of the most desirable areas in the country. Whether you are searching for a ski-in-ski-out retreat, a modern estate with cutting-edge amenities, or a historic property with timeless charm, Park City delivers unparalleled luxury. Below, we explore the highest-priced properties currently available, highlighting their extraordinary features and the unique lifestyles they offer.

In addition to showcasing these exceptional homes, this guide provides insight into the importance of partnering with an experienced Park City Realtor specializing in luxury real estate. With…

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The Best Time of Year to Buy a Condo in Park City, Utah: 2000-2024 Condo Sales Analysis

When to buy a condo in Park City & Deer Valley1. Executive Summary

Over the past two decades, condo sales in Park City have shown distinct trends based on seasons and months. While many buyers might assume that winter (during ski season) would be the best time to buy due to Park City’s reputation as a winter sports hub, the data suggests otherwise. Our analysis shows that February, March, and August have the lowest sales volume, providing the best opportunities for buyers to find favorable prices with reduced competition.

In contrast, June and December are peak sales months, meaning there’s more competition, and prices tend to be higher.

This blog post details these trends, helping potential buyers…

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A Guide to Park City MLS Listings

This guide simplifies searching for property using the Park City MLS Search for listings to find condos, single-family homes, or luxury properties while exploring market trends and Park City neighborhoods.

MLS listings provide comprehensive property details, professional descriptions, high-quality images, and up-to-date pricing, ensuring an informed decision-making process. Whether you're a buyer, seller, or real estate agent, utilizing MLS listings can significantly enhance your experience by offering access to extensive and accurate property information.

Understanding MLS Listings

What are MLS Listings?

A Multiple Listing Service (MLS) is an organized database created by real estate…

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Park City Real Estate Trends: A Detailed Analysis of 2023 (Historical)

Executive Summary: In 2023, Park City’s real estate market is making headlines—luxury homes are soaring to new heights while condos are selling almost overnight. Discover how rising prices, a discerning buyer pool, and limited inventory are shaping one of the nation’s most coveted mountain destinations. Stay tuned for insights into a market where every deal tells a story of high-end opportunity and lifestyle excellence.

In the picturesque landscape of Park City, Utah, the real estate market has shown both resilience and variability throughout 2023, navigating through a complex terrain of economic factors and consumer preferences. This analysis delves into the latest trends,…

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Why Not All Square Footage is Created Equal in Park City, Utah


In Park City, some home buyers and sellers believe price per square foot is the best way to determine how much a property is worth. But this idea is more like a myth than a fact. It's a bit too simple and misses out on what really makes a house special. It's like judging a painting by size without considering the artist's skills or beauty.

In real estate, things like where the house is, its design, how well it's built, and any high-end features are important in determining a property's value. The issue is these things don't show up in the square footage. Also, what's happening in the housing market.

So, the price per square foot can give the wrong or incomplete idea about a property's…

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