Found 36 blog entries tagged as Real Estate.

Executive Summary:  Explore the latest updates in the Park City Market Trend Report, covering January 2023 to June 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 last updated on July 10, 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 June 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 insightful forecasts for the coming year.

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By Derrik & Co., Real Estate Agents

This Blog Post Originally written on Dec 11, 2020, and updated on Jan 12, 2024

Use this link to view Sommet Blanc real estate listings and prices.

Prices and Availability

Sommét Blanc development presents an unparalleled opportunity for discerning buyers in the Deer Valley area.  With a range of three-, four-, and five-bedroom condominium residences, this real estate marvel combines luxury living with direct ski access, offering a lifestyle few can match.

Per our latest update, 30 reservation units have successfully transitioned to under-contract status.  However, 19 residences are currently available, featuring Sommét Blanc Deer Valley prices that reflect their exclusive nature:

  • Six (6)…

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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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Discover Why Park City, UT is the Ultimate Luxury Real Estate Destination

This article relates to Luxury Real Estate in Park City, Utah

Park City, Utah, is a hidden gem for luxury real estate buyers looking for a beautiful mountain destination that offers many amenities and activities.  The area is known for its world-class skiing, but there is much more to this charming city than just winter sports.

Park City is a year-round destination that offers a vibrant lifestyle with a variety of outdoor activities, fine dining options, and cultural events.  This article will explore why Park City, Utah, is a top destination for luxury real estate buyers.

Privacy in the Home

One of the main reasons why Park City is a top destination for luxury real…

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15 Reasons to Move to Park City, Utah: A Guide to the Best Place to Live in America!

KEY POINTS: Thinking about moving to Park City, Utah?  Look no further!  Our guide explores the 15 top reasons why Park City is the best place to live.

The best small town in America is Park City, Utah.  While there are too many great reasons to live in Park City to list on 15 Reasons to Move to Park City, Utah, you'll see a few below.  No other tiny town is close to a major city, but you feel like you live in a different universe.  We have high-speed internet, excellent cell phone service, some of the best schools in Utah, outdoor activities all four seasons, low to no crime, and a very healthy community. 

Call me to discuss the neighborhoods of Park City so we…

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How to Value Investment Properties in Deer Valley & Park City, Utah

The page provides five ways to value Park City, Utah, investment properties.  The five methods are the Income Value from Rents, Appraised Value of Investment Property, Insurance Value of a Property, Tax-Assessed Value, and Speculation of The Market.  We will explain how each method works and the advantages and disadvantages of using each method.

The page also notes that the best method for valuing a property may depend on the specific property and the purpose of the valuation.  The information is useful for real estate investors and anyone interested in buying or selling investment properties in Park City, Utah.  If you want to learn more about the top investment properties in Park…

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New Construction Condos in Deer Valley and Park City, Utah.

Easily find new developments and construction condos in the mountain town of Park City, Utah.  We also provide a page showing every new build, including homes.

Most developments have been sold out, but there may be resales, and this is an easy way to familiarise yourself with the development of the properties that come for sale in the future.  We also can reach out to past clients and current owners to see if they would be interested in selling you a property in an off-market purchase.

Newly Built Condos for Sale in Park City, UtahWhether searching for a luxury ski-in-ski-out condo or a studio near Old Town, this page will lead you to your perfect Park City property.  If you are searching on our site for a condo that needs work, I…

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Understanding The Real Estate Market of Park City, Utah

Our goal with every client is to provide unsurpassed service and knowledge when buying and selling real estate in Park City and Deer Valley.

As we work together throughout buying your new property in Park City or Deer Valley, we believe it is essential to make the home-buying process as fun, convenient, and efficient as possible.  Welcome to the crash course of buying Park City Real Estate. 

How Much do Homes Cost in Park City, Ut?

The entry-level price point for Park City single-family homes starts at around $1,000,000 and can surpass the $40,000,000 price point.  Studio condos may be in the $250,000 price range, while large luxury condos may exceed $10,000,000.  When searching for homes…

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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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Ten Tips for Buying Ski Homes and Condos at Canyons Village in Park City, Utah

This write-up will outline the top 10 tips when buying property at Canyons Village in Park City, Utah.

The Canyons Village has seen extreme real estate growth since this article was initially written in 2016, so we thought it was time for an update. Suppose you are thinking about buying a property in the Canyons Village area of Park City Mountain Resort. In that case, there are several things to think about before buying a ski property here. First, the real estate market in The Canyons Village has been booming, especially with new construction. 

While most of the properties in The Canyons are condominiums, the single-family homes tend to be in The Colony at White Pine.…

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