Cost to Build in Park City Utah (Update 2019)
Building a new home in Park City, Utah has been challenging the past few years for some homeowners because costs seemed to continue to climb - mainly because of the cost of labor. New construction remains strong in the Park City area but costs seem to have leveled out over the past twelve months. If you are thinking of building a home of any size please feel free to contact me and I'll put you in touch with some great Park City Builders.
What to expect for pricing when building a home in Park City.
You can expect the cost to build in Park City to start around $300 per square foot - that does not include the price of the land or landscaping. For "Park City" style of finishes plan for $400/sq and a luxury level of finishes at $500+/sq ft. If you're looking for ultra-luxury with exotic materials you can run over the $1,000 per square foot mark. Most new construction in Park City that is selling at $1,000+/sq ft is located in Old Town or is ski-in-ski-out.
The hottest spots to build a new home has generally stayed the same over the past few years with Promontory and Jordanelle remaining the leaders. Other great areas of Park City to consider are Tuhaye, Glenwild, and Victory Ranch if you're looking for a Park City Golf Community. If you're more interested in a ski-in-ski-out property I'd focus more towards The Colony at White Pine at The Canyons ski resort or Deer Crest & Empire Pass (specifically Red Cloud) for Deer Valley. Looking to go a little easier on the budget but still want a great quaily of life? Check out the golf community of Red Ledges in Heber and the beautiful town of Midway.
Tidbit: If you've had your eye on existing homes in Park City you'll notice there's a style price difference in new homes and you can almost draw a line in 2013 to see where that shift in the real estate market happened.
Thinking of Building a home in Park City?
If you're thinking of 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 and demand, etc. Quality parcels closer to the ski resorts and around within the Park City limits are becoming harder and harder to find. If you're thinking of building in Park City within the next few years I'd start looking now to keep an eye out for a great lot. I've had several clients choose to renovate properties or choose existing construction because of the location, views, and ease of buying something already built.
Thinking of Remodeling a Park City Home or Condo?
Cost to Build a Park City Home or Condo: I always like to be able to say "I've got a guy/gal for that" when a client wants to make any alterations to an existing property. If you are considering remodeling a home or condo in Park City you should know that the cost to remodel starts around $100 per square foot, $200 per square if you want to do a "Park City" style of finishes and $300+ for exotic finishes.
Call Me for Guidance
I have multiple Park City home builders I work and can refer you to depending on what you're looking to build or remodel. If you have building questions dealing with real estate you can contact me at (435)200-5478 to get started or try the Park City Building Application and general building questions can go to the city at 435-615-5100.