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 a result, we can provide valuable insights into the costs of building a home in Park City.

Another important factor to consider is the real estate market in Park City.  With a strong and growing economy, Park City has become an increasingly popular place to live, work, and play.  This means that the real estate market in the area can be competitive, but with the help of the Carlson Real Estate Team, you can navigate the market and find the perfect lot or newly built home that meets your needs.

Many great options are available in Park City regarding lots and newly built homes.  Whether you're looking for a ski-in-ski-out lot on one of the area's ski resorts, a secluded mountain retreat, or a luxurious home in one of the golfing communities, the Carlson Real Estate Team can help you find exactly what you're looking for in a property.

Introduction

We'll also discuss some of the top areas for building a home in Park City, such as the golf communities of Park City and areas like Tuhaye and Red Ledges, which offer a similar lifestyle to Park City but are outside the city limits.  For those seeking ski-in-ski-out properties, we'll explore the available lots for sale on the ski resorts in Park City, where you can enjoy unparalleled access to world-class skiing and snowboarding.

Furthermore, we'll dive into the Jordanelle real estate market, an area poised for significant growth in the next two decades, thanks to the development around the reservoir and the new Deer Valley East Village.  We'll also discuss The Colony, an exclusive gated community in the Canyons area that offers exceptional ski-in-ski-out access, privacy, and breathtaking mountain views.  It is a popular choice for those looking to build their dream home.

Building a home is a significant investment, and having the right information and resources to make informed decisions is important.  Whether you're a first-time home builder or an experienced developer, this article will provide valuable insights and tips to help you navigate building a home in the Park City area.

Homebuilding in Park City, Utah

Building a new home in Park City, Utah, presents opportunities and challenges in the current real estate market.  The demand for new construction remains strong, and the area's population continues to grow, creating a need for more housing options.  However, the cost of building a custom home has risen due to the increasing prices of materials and labor, and there is a limited supply of high-quality land for sale.

Despite these challenges, the market for newly built homes in Park City and the surrounding areas continues to thrive.  If building a custom home is on your agenda, it's crucial to work with an experienced and knowledgeable real estate agent and builder who can help you navigate the unique factors that can impact your construction project.

Alternatively, if building a home isn't within your current timeframe, many newly built properties are for sale in Park City that offer the latest amenities and modern designs.  Contact me for more information on building a new home or explore the available properties for sale in the area.

The Cost of Building a Custom Home in Park City, Utah

So, what does it cost to build a home in Park City, Utah?

As of May 2023, you can expect the cost to build in Park City to start around $550 per square foot - that does not include the price of the land or landscaping.  For the "Park City" style of finishes, plan for $625/sq and a luxury level of finishes at $750+/sq ft.

You can run over the $1,300 per square foot for ultra-luxury with exotic materials—Park City luxury homes on the MLS start to sell at around $1,200+/sq ft.

While labor costs started to adjust in 2023, other items like windows have seen price increases fueled by inflation.  So my question of the day is: with inflation pushing prices of everything up and interest rates trying to push prices down, how much will the Park City real estate market be affected?

Thinking of Building a Home in Park City?

Deer Valley Newly Built Home

If you're considering building and looking for land for sale in Park City, you'll want to View Vacant Land for Sale in Park City.   The pricing of lots will depend on views, location, ski access, supply, demand, etc.  Unfortunately, quality parcels closer to the ski resorts and around the Park City limits are becoming harder and harder to find. 

When considering building a home in Park City within the next few years, I'd start looking now to watch for a great lot.  I've had several clients choose to renovate properties or existing construction because of the location, views, and ease of buying something already built.

Every area in Park City has pluses and minuses when building a home.  For example, if you would like to build a home in Old Town, you'll essentially shut off a section of the street and may have to hire additional flaggers.  On the other hand, when building in Promontory, the excavation dirt typically needs to be removed from the site.  These are two examples of why you want to work with an experienced builder and realtor who understands the nuances of land.

What is the Cost of Remodeling a Park City Home or Condo?

Are you looking to remodel a home or condo in Park City, Utah?  The remodel costs around $125 per square foot and can run up to $350+ per square foot for exotic finishes.  So, if you want to achieve a "Park City" style of finishes, plan to spend around $250 per square foot.

However, it's important to note that remodeling costs can vary depending on the size and complexity of the project.  For example, one recent client in Deer Valley found himself over budget on his remodel project, running closer to $200 per square foot due to a new kitchen, bathrooms, and other updates.  Therefore, working with an experienced contractor who can provide accurate estimates and guide you through remodeling is always wise.

Popular Areas to Build a Home in Park City, Utah

If you're considering building a home in the Park City area, there are vacant for sale in Park City.  Over the past few years, many buyers have chosen to build in the golfing communities of Park City to enjoy the highly luxurious amenities.  For those nongolfers,  the ski-in-ski-out lots for sale on the ski resorts in Park City have been popular.

Deer Valley land presents a diverse selection, making it an exceptional opportunity for those seeking to build their dream home in one of Utah's most breathtaking and sought-after locales.  This idyllic region, nestled within the landscapes of Park City, holds a special place in the hearts of those who appreciate the natural beauty and tranquility that define the area.

If you're looking for a newly built home in Park City, several areas stand out for their selection of new construction properties.  Of course, the most popular areas for new construction are the golf communities of Park City, including Promontory, Tuhaye, and Red Ledges.  These neighborhoods offer a luxurious lifestyle and stunning mountain views, with ample opportunities for outdoor recreation like golfing, hiking, and skiing.

If you're looking for a newly built condo, The Canyons Village is the place to be.  This popular ski resort area offers a wide selection of newly built condos, many of which offer ski-in-ski-out access to some great skiing.  With its convenient location near Park City's historic Main Street and many other attractions, The Canyons is a great choice for those looking for a lively and convenient lifestyle.

The Colony is a great choice if you want to build your dream home from scratch.  This exclusive gated community offers a selection of parcels of land to build on, each with unique character and features.  With stunning mountain views, access to world-class skiing, and ample opportunities for outdoor recreation, The Colony is a great choice for those looking to build a custom home in one of Park City's most desirable neighborhoods.

Looking to the future, Jordanelle is an area that's poised for growth and development over the next twenty years.  With its access to skiing via the Jordanelle Express Gondola and the new Mayflower Development, this area is becoming increasingly popular among those looking for a more secluded mountain lifestyle.  As the area continues to develop around the reservoir, we expect to see even more growth and new construction in the coming years.

In conclusion, whether you're looking for a newly built home in a golf community, a newly built condo near the slopes, or a parcel of land to build on, there are plenty of great options to choose from in Park City.  With its stunning mountain views, world-class skiing, and endless opportunities for outdoor recreation, it's no wonder that Park City is such a popular destination for those looking to buy a newly built property.

New Construction in Park City Golf Community

Derrik & Co.: Your Top Choice for New Construction

If you're considering building a new home, it's important to have a team of professionals who can guide you through the process from start to finish.  The Carlson Real Estate Team is the perfect choice for those looking to build their dream home in the Park City area.  With years of experience selling land and working with builders, architects, and designers, the Carlson team has the knowledge and connections to bring your vision to life.

One of the key benefits of working with the Carlson team is their expertise in land sales.  Whether looking for a specific neighborhood or a secluded mountain retreat, they can help you find the perfect land to build on.  With a deep understanding of the local market and extensive knowledge of zoning and building regulations, the team can help you navigate the complexities of land acquisition and find a property that meets your needs and budget.

Once we've found the right piece of land, the Carlson team can connect you with builders, architects, and designers who can help bring your vision to life.  In addition, the team has developed relationships with some of the top professionals in the area, so you can trust that you'll be working with experienced and talented individuals who share your commitment to quality and craftsmanship.  So whether you're looking for a rustic mountain cabin or a sleek modern home, the Carlson team can help you find the right team of professionals to bring your dream home to life.

In conclusion, if you're looking to build a new home in Park City, the Carlson Real Estate Team is the top choice for expert guidance and exceptional service.  With years of experience selling land and connecting clients with top builders, architects, and designers, the Carlson team has the knowledge and connections you need to make your dream home a reality.  Contact them today to learn more about how they can help you build the home of your dreams.

Why Working with a Realtor is Important When Building a Home

Recent Story #1: A Story of Value Addition: Keeping Clients Informed


I want to share some real-life stories about how I provide value to my clients. Recently, I've been engaged in email exchanges with a client while working on a blog post. In this case, I'm assisting a couple who want to list their home for sale and navigate building a new one.

The Scenario

Last week, I received a message from an agent in California who reached out on behalf of his brother, Todd, and Todd's wife, Teresa (names changed for privacy). Todd and Teresa are in the process of building their dream home in Park City. They decided to work directly with a builder in a new subdivision and reserved a piece of land for their future home.

The Challenge

However, things took an unexpected turn. The developer and builder decided to reconfigure the land into smaller phases, a common practice in the Park City area that often leads to price increases. Todd and Teresa were unaware of this and had no clarity on the potential price hike. Teresa tried to get answers from the developer's agent but received vague responses, with the developer suggesting they'd only know the price increase once the land was officially recorded.

Client's Involvement

Like many clients, Todd and Teresa closely monitor the real estate market, research the development, builder, and even attend city council meetings to stay informed. They discovered that the phase wasn't on the city council's agenda yet. When they sought more transparency from the developer, they were offered a refund of their deposit and told they weren't the right fit for the project.

The Resolution

It's crucial to note that this issue wasn't about finances; it was about the client's right to be well-informed. They had valid questions about their investment and wanted transparency, which is entirely reasonable. As a result, I stepped in to assist Todd and Teresa, ensuring they received the information they deserved and helping them navigate the situation to protect their interests.

In this story, I emphasize the importance of informing clients, especially when making significant real estate decisions. It's not just about the transaction; it's about ensuring clients have a clear understanding of their investments and are empowered to make informed choices.

Recent Story #2: A Story of Perseverance: Securing the Perfect Condo in Park City

I recently received a call from a buyer looking to make Park City her third home, particularly for enjoying summer vacations. In just ten minutes, we narrowed her search to four areas within Park City that perfectly suited her preferences. A week later, she visited the town.

During her first visit, she fell in love with a specific area and found a beautiful condo with stunning views that seemed tailor-made for her. However, there was a challenge – the demand for condos in the area was incredibly high, making it nearly impossible to secure a reservation. We learned we had missed the first phase, but there was hope for the next development phase.

I'm quite competitive and love challenges, so I researched the developers and their processes. I tracked down the developer's contract and submitted offers every few days. Our persistence eventually paid off, as a buyer canceled their reservation in the first phase, and we secured a brand-new condo in the Park City area that checked all the boxes for our client.

What made this victory even sweeter was that our client could obtain the original pricing, saving her thousands of dollars. This was especially remarkable given that other buyers hoped for a lottery-like opportunity to purchase properties.

This story underscores the importance of determination and tenacity when working in the real estate market. By going the extra mile, we helped our client secure her dream condo in Park City, proving that persistence can lead to extraordinary outcomes in the competitive real estate landscape.

If you're contemplating the costs of constructing a home in Park City and you're considering building a house or purchasing a developer's product, don't hesitate to reach out to me. I'm here to ensure that the process of building your dream home is as smooth and straightforward as possible.

Contact Your Trusted Park City Realtor for Professional Real Estate Guidance

If you have any questions about building your dream home in Park City or would like to learn more about the real estate market in the area, please don't hesitate to contact us using the phone number at the top of this page or the contact form below.  We aim to serve you well and build a lasting relationship where you know you can rely on us as your trusted Park City Realtor for life.

With years of experience representing luxury land buyers and sellers throughout Park City, Deer Valley Resort, and the surrounding area, we have the knowledge and expertise to help guide you through the buying or building process and achieve your real estate goals.

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Historical Information of Building During COVID-19:

I spoke with a builder recently to see how the Coronavirus has changed the landscape of buildings in the Park City area.  He stated that until now, not much has changed in the cost of labor, but he has been able to get the cost down on framing and stonework on recent projects. 

Homebuilding goods have been readily available, but there are occasional issues with appliances and having to select different options for tiles or carpets because the supplier may be running low.  Lighting fixtures seem to be the biggest challenge, but there have been easy workarounds where building jobs haven't stalled.  We'll see what happens in the next couple of months with the lumber costs back down, but with the current demand for new construction, will the market be relaxed within the next 12 months?

If we could stop time and allow builders to build for four years, then bring all that construction back to today, I think we would sell through the imaginary inventory within eighteen months.  But unfortunately, we do not have enough inventory of newly built homes and condos to satisfy the demand for newly built properties.  I've worked with multiple clients looking for new construction that want to buy within the next few months, and there are only four to five options for them in a vast geographical area.

Additional Links You May Find Helpful

The Hidden Costs of Park City Building: Decks, Garage, & Steel: This comprehensive guide delves deep into the often-overlooked expenses that can significantly impact the budget and outcome of building a luxury home.

The Park City New Construction page offers a comprehensive resource for those interested in purchasing a newly built home or condo in the Park City area.  The site showcases many new construction properties, including single-family homes, townhomes, and condos, each with unique design and features.  With helpful search filters and a user-friendly interface, the site makes finding the perfect property for your needs easy.  Additionally, we detailed information about Park City's various neighborhoods, amenities, and attractions, making it a valuable resource for those unfamiliar with the area.

The Park City Communities page provides a comprehensive overview of the various neighborhoods and developments in the Park City area.  From the historic downtown district to the upscale enclaves of Deer Valley, each community has its unique character and charm.  The page includes in-depth information about each neighborhood, including property types, amenities, and nearby attractions.  So whether you're looking for a ski-in-ski-out property or a home with easy access to hiking trails, the Communities page can help you find the perfect neighborhood for your lifestyle.  Additionally, the page offers an easy-to-use search tool that allows you to filter listings by community, price range, and property type, making it easy to find the perfect home in the Park City area.

The Park City Real Estate Map Search page is a powerful tool for buying property in the Park City area.  With a constantly updated database of properties, the IDX page provides an extensive selection of homes, condos, and townhouses, each with unique character and amenities.  In addition, the page's intuitive search interface allows you to easily filter listings by location, price range, property type, and specific features like ski-in/ski-out access, nightly rentals, and more.  Whether you're a first-time homebuyer or a seasoned investor, the IDX page provides a wealth of information about the Park City real estate market, including detailed property descriptions, high-quality photos, and interactive maps.  With its user-friendly interface and comprehensive database, the Park City IDX page is the perfect tool for finding your dream home in one of Utah's most desirable locations.

Editor's Note: This post was originally published on May 24, 2018, and has been completely revamped and updated for accuracy and comprehensiveness.  The most recent update was on May 11, 2023.

Posted by Derrik Carlson on

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I would recommend hiring a proper construction estimation engineer who would be a professional in estimating the costs of the construction equipment, supplies etc.

Posted by Isabelle on Thursday, December 17th, 2020 at 8:10am

Your way of description about building house in Park City, Utah is very authentic. Thanks for sharing and please keep sharing.

Posted by Dave Rothwell on Tuesday, January 3rd, 2023 at 12:11am

Thank you for your post. This is excellent information. It is wonderful to visit your site to learn about the building costs in Park City.

Posted by Sye Brothers on Wednesday, January 25th, 2023 at 3:23am

This is a really nice blog in which you discuss some useful things; thanks for sharing this and keep going on.

Posted by Sam Bartle on Thursday, February 2nd, 2023 at 5:44am

Very informative. Highlighted all concerns and warnings/precautions to be taken during the design and construction stage.

Posted by Bernard and Eva on Thursday, March 9th, 2023 at 11:27pm

Thanks for sharing, I Hope this helps many! Keep sharing.

Posted by Syed on Saturday, April 29th, 2023 at 1:11am

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