Real Estate market updates for Park City, Utah.

This Park City market trend report has been updated throughout COVID-19. Dates reflect 12/31/2019 to 7/13/2022.

Park City Market Update & Trends for 2020Key Points: This page provides an in-depth recap of The Real Estate Market in Park City, Utah, 2020, 2021 & 2022. 

This page is organized into three parts: A review of market trends up to the end of May 2022, updated real estate data for 2021, and an in-depth study of the history since the COVID lockdown in early 2020.

In the first section of this review, we will take an in-depth review of real estate in Park City city limits and Snyderville Basin for 2021 - the zip codes of 84060 and 84098. We use statistics from the Park City Board of Realtors. While other websites and Realtors combine the Park City area with surrounding areas, this…

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Read About the Four Highest-Priced Properties in Park City, Utah.

After eight years, we've decided to update this page. For the most part, luxury homes have come and sold, but we are still here helping guide our clients through the ins and outs of buying luxury real estate in Park City, Utah.

The links at the bottom of this page will take you to view every luxury listing on the Park City MLS. If you are considering buying or selling luxury real estate in the area, please contact us for our professional opinions on pricing, marketing, and where Park City buyers come from.

The Best of the Best of Park City & Deer Valley Ranked by Price

#1.  253 White Pine Canyon Rd in The Colony comes in on top at $42,000,000 - someone believes it is worth every…

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Average Price Per Square Foot Park City, Utah

For the last few years, with the majority of properties sold, the Park City real estate industry has become reliant on using the cost per square foot of a home as a gauge of value.  This tactic soon spread to the public and is now prevalent in property searches. 

This method is highly inaccurate, dangerous, and CANNOT accurately portray the real value of any property for several reasons.  Price per square foot IS accurate and very useful once specific details are known so that we can compare apples to apples.

 

Below we discuss the four ways that unqualified price per square food DOES NOT account for - you decide if these things might matter.

The two homes on the right are similar in size but…

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Park City Realtor MediaLocal Park City Realtor Quoted in Mansion Global

Derrik Carlson was recently quoted in an article by Mansion Global.  

Title of Article: 3 Luxury U.S. Markets With Steady Growth That Still Offer Opportunities at Relative Bargains

“Our inventory is at an eight-year low right now, but that hasn’t seemed to hurt sales to this point,” said Derrik Carlson, an agent with Keller Williams real estate in Park City.  Just last week, we caught up to 2019 sales. I sold most of my listings during Covid, and there were still cash buyers that were making strong offers.” Read the full article here.  

The real estate market in Park City is always evolving.  What was once a booming mining town turned into a small ski town and is once again booming as people…

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Midway, Utah's real estate market continues to see significant increases in the median sales price with lower average days on the market.

Median Sold Home prices over the past 3 years for Q1: 

2017:  $462,000   Days on the Market 106

2018:  $530,000  Days on the Market 48

2019:  $770,000  Days on the Market 58

Curious what your home is worth in today's market? 

Complete the short form below or call me at 435-200-LIST.

 

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