Real Estate market updates for Park City, Utah.

Executive Summary:  Explore the latest updates in the Park City Market Trend Report, covering January 2023 to April 2024. For data from previous years, click the links titled "Historical Market Report for 2020, 2021, and 2022" available on this page. This page was updated on May 7, 2024, to include the real estate trends for April 2024.

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

Park City Market Update & Trends for 2020This Park City Market Trend Report, updated since COVID-19, covers data from January 1, 2020, to April 30, 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 2024 Real Estate Market in Park City, Utah," offering…

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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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Deer Valley Real Estate Market Review of Trends

Nestled in the picturesque landscape of Park City, Utah, Deer Valley real estate stands as a beacon of luxury.  Renowned for its pristine ski slopes and exclusive living experiences, this premier ski resort area has long captured the attention of those seeking a blend of tranquility and luxury.  As we enter 2024, the Deer Valley real estate market continues to demonstrate its allure and robustness. 

Notably, the year has started promisingly, with three Deer Valley properties already under contract as of January 31, signaling a continuation of the area's real estate dynamism.  This comprehensive analysis delves into the trends and nuances of the Deer Valley real estate market, drawing from the rich data…

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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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Park City, Utah vs. Jackson Hole, Wyoming: A Comparison for Potential Second Homeowners

As idyllic destinations for the second homeowner and discerning vacation property investor, Park City, Utah, and Jackson Hole, Wyoming, both present unique offerings steeped in natural beauty, upscale amenities, and rich historical narratives.

These mountain towns are more than just winter retreats; they are year-round havens with distinct cultures and charm.  Here, we dive deep into comparing the two locales on various fronts, particularly for those interested in recreational, cultural, and investment opportunities.

Historical Development

Park City, Utah

Historically, Park City was etched into the map through the silver mining boom in the late 19th…

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Is Buying an Investment Condo in Park City, Utah, a Smart Choice?

Are you considering investing in a condo in the ski town of Park City and thinking, "Should I Buy a Condo in Park City, Utah?"  Park City is an attractive destination for real estate investors with its world-class ski resorts, stunning natural surroundings, and bustling tourism industry.  However, before taking the plunge, it's important to consider the pros and cons of investing in a ski condo.  In this article, we'll explore the factors you should consider when deciding whether a Park City ski condo is a smart investment choice.  Read on to learn more.

This article relates to our blog: A Guide to Investing in Park City & Deer Valley Real Estate.

Why Park City?

Park City condos…

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Park City Real Estate Trends and Market Update for 2022 (Historical Data)

Let's dig into the market trends for 2022.  First, we will review what a typical buyer considers a Park City - Park City property and Snyderville Basin.  Homes currently for sale in these areas of Park City can be found on our Park City Neighborhoods page.  For a general discussion, we could begin to feel the market slow as interest rates increased.  Buyers were pulling back, and sellers receiving up to ten offers were only receiving one or two.

The statistics below won't show the full story of what took place with real estate in Park City.  Until the fall, inventory was extremely depleted, and well-priced homes sold well throughout the year.  By year's end, we could find…

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When to Buy a Condo in Park City, Utah

When to buy a condo in Park City & Deer ValleyKey Points:  This article discusses the best time of year to buy a condominium in the Deer Valley Resort Area and Park City, Utah.  Below, we show historical graphs and data to help illustrate the prime times to buy condos in Park City.  This report was last updated in September 2023.

I help buyers from all over the world buy condos in Park City, Utah, and they often ask me, "When is the best time to buy?" Typically, my answer is, "When you find the right property - that's when it is the best time to buy real estate in Park City." 

We have a unique market where the inventory can come in waves.  There are times when there will be three or four condos for sale in a particular subdivision, but within a month or…

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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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2021 Park City Real Estate Trends (archived)

This information was initially posted on Derrik Carlson's Market Updates for Park City & Deer Valley Real Estate Trends - 2020, 2021, and 2022, which is continually updated with current real estate trends for Park City, Utah. This page has been backdated and archived to improve page speed and performance.

Enjoy the historical real estate information below, as up-to-date information can be found at the link above.  We also have moved the 2020 Market Updates here.

Comprehensive Historical Market Analysis for 2020 and Beyond

In the opening segment of our report, we are committed to offering a thorough examination of the real estate market within the specific confines of Park City and the Snyderville…

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