Deer Valley Real Estate: The Complete Guide
Deer Valley is the highest-valued ski resort real estate market in Utah. Since 2020, 1,227 properties have sold across the resort's five distinct areas, representing $4.48 billion in closed volume. The median sale is $2.9 million at $1,113 per square foot, and 64% of transactions close in cash. Prices range from under $400,000 for studio condos in the expansion corridor to over $23 million for ski-in/ski-out estates in Empire Pass.
What sets Deer Valley apart from other ski markets in the Intermountain West is control. The resort limits daily skier visits, prohibits snowboarding, and operates with a hospitality-first philosophy that affects property values. That exclusivity, combined with a multi-billion-dollar expansion that will nearly double skiable terrain, has made Deer Valley one of the most sought-after luxury ski real estate markets in the western United States.
This page is the starting point for understanding the market. It covers all five areas, all property types, and links to the detailed pages where each segment is covered in depth.
This page is maintained by Derrik Carlson (435.200.5478), Resort Real Estate Advisor at KW Park City Keller Williams Real Estate. Derrik has closed Deer Valley transactions across all five areas since 2012: Lower Deer Valley, Upper Deer Valley, Empire Pass, Deer Crest, and the Deer Valley Expansion. He represents buyers and sellers in branded residences, ski-in/ski-out estates, pre-construction projects, and off-market transactions. Derrik helps buyers compare micro-markets within Deer Valley and helps sellers price against verified comparable sales, not listing-price assumptions. To reach Derrik directly, call or text 435.200.5478, email Carlson@RealEstateInParkCity.com, or request a valuation through the contact page.
Compare the Five Areas Before You Choose a Property
Deer Valley is not one market. Ski access, nightly rental rules, HOA structure, price positioning, and the day-to-day ownership experience differ materially between the five areas, even when properties sit only minutes apart. Choosing the wrong area for your goals is the most expensive mistake buyers make here. Review the area comparison below before you tour, and for guidance tailored to your budget and use case, reach out through the contact page.
1,227
Closed Sales Since 2020
$4.48B
Total Closed Volume
$2.9M
Median Sale Price
$1,113
Median Price Per SF
64%
Cash Purchases
Market Detail
1,227 closed sales since 2020 across five areas: Lower Deer Valley (354), Upper Deer Valley (293), Empire Pass (283), Deer Valley Expansion (172), and Deer Crest (125).
Price tiers: under $1M (175), $1M-$2M (248), $2M-$5M (514), $5M-$10M (241), $10M+ (49).
Property mix: condos (766), townhomes (236), detached homes (225). About 86% of properties are eligible for nightly rentals.
Unless otherwise stated, since-2020 figures reflect Park City MLS closed sales from January 1, 2020 through June 22, 2026, for the five Deer Valley market areas shown.
Deer Valley Real Estate in 2026: Where the Market Stands Now
Deer Valley has recorded 61 closed sales so far in 2026, representing $297.6 million in volume through late June. The median closed price is $4.575 million at $1,228 per square foot. Both figures sit above the since-2020 averages, which reflects a sales mix weighted toward Upper Deer Valley, Empire Pass, and Deer Crest in the first half of the year.
Homes are selling at 96.8% of list price with a median of 25 days on market. Cash accounts for 72% of closed purchases, higher than the 64% long-term average. An additional 44 properties are under contract, with 34 of those in the Deer Valley Expansion corridor, where new-construction deliveries continue to drive transaction count.
61
Closed Sales, 2026 YTD
$4.58M
Median Price, 2026 YTD
96.8%
Sale-to-List Ratio
25
Median Days on Market
44
Pending Sales
2026 closed sales by area: Lower Deer Valley (19, median $2.4M), Upper Deer Valley (17, median $5.8M), Empire Pass (8, median $6.4M), Deer Crest (7, median $9.75M), Deer Valley Expansion (10, median $687,500).
Methodology: Figures are based on Park City MLS closed and pending data for the five Deer Valley areas shown, covering January through late June 2026. This page uses a five-area definition that includes the full Deer Valley Expansion corridor, which is broader than the Deer Valley Resort market area used in the midyear market report, so transaction counts and medians differ between the two pages. Market data is updated periodically and should be verified for any specific property or building before making a decision.
For current pricing in a specific area or building, call or text Derrik at 435.200.5478 or request a valuation through the contact page.
On This Page
The Five Areas of Deer Valley Real Estate
Deer Valley Resort spans from the Snow Park base area (6,570 feet) through Silver Lake Village (8,100 feet) to the summit of Empire Canyon (9,570 feet), plus the Deer Crest ridge and the Deer Valley Expansion corridor along Jordanelle Reservoir. Each area serves a different buyer profile with distinct pricing, ski access, amenities, and ownership character. The totals shown for each area are cumulative since 2020.
Lower Deer Valley
354 sales | $854M volume | Median $1.99M
The Snow Park base area and the neighborhoods surrounding it. Broadest inventory range in Deer Valley, from entry-level condos to multi-million-dollar homes. The most accessible entry point into Deer Valley ownership. Includes both ski-adjacent and residential properties.
Key buildings: Lodges at DV, Pinnacle, Fawngrove, Lakeside, Stonebridge
Upper Deer Valley
293 sales | $1.22B volume | Median $3.65M
Silver Lake Village and the surrounding estate neighborhoods. The center of Deer Valley's branded hospitality: Goldener Hirsch, Stein Eriksen Lodge, Stein Eriksen Residences. Home to the resort's most established luxury neighborhoods, including Bald Eagle Club, American Flag, and Bellearbor.
Key buildings: Goldener Hirsch, Stein Eriksen Residences, Chateaux, Lookout
Key neighborhoods: Bald Eagle Club, American Flag, Bellearbor
Empire Pass
283 sales | $1.41B volume | Median $3.96M
The highest-elevation residential area in Deer Valley. Ski-in/ski-out access from nearly every property. Home to Montage Deer Valley, the Flagstaff collection, Argent, and the resort's highest-priced estates. Highest price per square foot of any Deer Valley area.
Key buildings: Montage, Flagstaff, Argent, Silver Strike, Arrowleaf
Key neighborhoods: Ironwood, Larkspur, Shooting Star
Deer Crest
125 sales | $793M volume | Median $5.32M
Gated community positioned between Lower Deer Valley and the Deer Valley Expansion, with ski access to Deer Valley and broad views over Jordanelle Reservoir, the Wasatch Range, and the Uinta Mountains. Home to the St. Regis, Founders Place, and some of the largest private estates in the Park City market. Highest median sale price of any Deer Valley area.
Key buildings: Founders Place, St. Regis, Deer Pointe
Key neighborhoods: Deer Crest Estates, Snow Top
Deer Valley Expansion
172 sales | $210M volume | Median $501K
The Mayflower Mountain corridor, where Deer Valley is adding more than 3,700 acres of new skiable terrain. The Grand Hyatt has opened. Four Seasons and Waldorf Astoria are under development. The newest and most dynamic area of Deer Valley, with entry-level condos and ultra-luxury branded residences in the same corridor.
Key buildings: Grand Hyatt, Marcella, Four Seasons (under development), Waldorf Astoria (under development)
Which Deer Valley Area Fits Which Buyer
Each Deer Valley area serves a different buyer priority. Choosing the wrong area is the most expensive mistake buyers make in this market, because the price structure, ski access, rental rules, and long-term trajectory differ significantly between areas that are only minutes apart.
Best broad entry point
Lower Deer Valley. Widest price range and strongest inventory depth, with Snow Park base access. Trade-off: ski-adjacent, not ski-in/ski-out. Best for buyers who want Deer Valley at the most accessible price.
Best for branded hospitality
Upper Deer Valley. Silver Lake Village: Goldener Hirsch, Stein Eriksen, Chateaux. The most established luxury neighborhoods. Trade-off: a high concentration of $5M+ inventory. Best for buyers who want a recognized address and mid-mountain ski access.
Best for true ski-in/ski-out
Empire Pass. Direct ski access from nearly every property, with the highest price per square foot in the resort. Montage, Flagstaff, Argent. Trade-off: that top-tier price per square foot. Best for buyers whose primary requirement is stepping onto the mountain from their door.
Best for gated privacy and views
Deer Crest. Highest median price, gated, with Jordanelle and Wasatch views. St. Regis, Founders Place, private estates. Trade-off: the smallest inventory and slowest turnover. Best for buyers who want the largest homes, the strongest privacy, and dual ski-and-view positioning.
Best for new construction and growth
Deer Valley Expansion. The widest price spread in the resort, with Grand Hyatt, Four Seasons, and Waldorf Astoria and the newest infrastructure. Trade-off: still under development, without the established character of legacy Deer Valley areas. Best for buyers who want new product with long-term upside from resort buildout.
What Serious Deer Valley Buyers Need to Understand Early
Not all ski access is equal. Ski-adjacent at Snow Park base is fundamentally different from ski-in/ski-out at Empire Pass or Deer Crest. A branded building name does not guarantee the best fit for every buyer. Rental rules and minimum-stay requirements vary by building and HOA, and what applies at Montage does not apply at Goldener Hirsch or Grand Hyatt. A lower price per square foot does not always mean better value: a less expensive condo in Lower Deer Valley may be a stronger long-term hold than a higher-priced unit in Empire Pass, depending on your goals. The Deer Valley Expansion is not interchangeable with legacy Deer Valley neighborhoods, since the infrastructure, community character, and resale history are at different stages. Derrik Carlson helps buyers sort these distinctions before they become expensive mistakes.
Lower Deer Valley: The Broadest Entry into the Resort
Lower Deer Valley surrounds the Snow Park base area and Lodge at Deer Valley, the resort's main entry point. It has the widest price range and deepest inventory of any Deer Valley area. Buyers can enter with an entry-level condo at Courchevel or purchase a multi-million-dollar home in Solamere or The Oaks. Lodges at Deer Valley is one of the most active buildings in the area, and condos at Fawngrove, Silver Baron, Chaparral, Deer Lake Village, and Queen Esther Village provide mid-range options. The St. Regis Snow Park residences bring branded luxury to the base area.
Lower Deer Valley is the right starting point for buyers who want resort proximity without the premium of Silver Lake Village or Empire Pass. Ski access is via the Snow Park Lodge chairlifts, with the free resort shuttle connecting to Silver Lake and Empire Canyon. For the full area breakdown, see Lower Deer Valley real estate.
Upper Deer Valley: Silver Lake Village and the Estate Neighborhoods
Upper Deer Valley centers on Silver Lake Village (8,100 feet), the mid-mountain hub with direct ski-in/ski-out access, fine dining, and the resort's most recognized branded properties. Goldener Hirsch and Stein Eriksen Residences anchor the village at the top of the price range, while Chateaux at Silver Lake provides more accessible condos at mid-mountain.
Above the village, Bald Eagle Club, American Flag, and Bellearbor represent the most established luxury neighborhoods in Deer Valley. These are ski-in/ski-out home sites with mountain views, mature landscaping, and proximity to Silver Lake Lodge. For the full area breakdown, see Upper Deer Valley real estate.
Empire Pass: The Highest-Value Ski Corridor
Empire Pass has generated $1.41 billion in sales since 2020, the highest volume of any Deer Valley area. Nearly every property has direct ski-in/ski-out access. Montage Deer Valley operates one of the finest hotel residences in North American ski real estate, and Flagstaff and Argent provide the core of the condo market. At the top of the price spectrum, residences such as Moonshadow and Nakoma represent the most exclusive addresses in the resort.
Empire Pass has the highest median price per square foot of any area in Deer Valley. This premium reflects direct ski access from every property, the concentration of branded hotel residences, and the limited supply of remaining buildable inventory. For the full area breakdown, see Empire Pass real estate.
Deer Crest: Gated Privacy with Ski Access and Reservoir Views
Deer Crest has the highest median sale price of any Deer Valley area. Deer Crest is a gated community positioned between Lower Deer Valley and the Deer Valley Expansion, with ski access to Deer Valley and broad views over Jordanelle Reservoir, the Wasatch Range, and the Uinta Mountains. Founders Place is among the newest and most active projects, St. Regis Deer Valley offers branded hotel-residence ownership, and Deer Crest Estates includes some of the largest private homes in the Park City market.
Deer Crest is the only Deer Valley area that combines ski-in/ski-out access with Jordanelle Reservoir views. Several of the highest-priced Deer Valley sales since 2020 have occurred in Deer Crest Estates. For the full area breakdown, see Deer Crest real estate.
Deer Valley Expansion: The Mayflower Mountain Corridor
The Deer Valley Expansion along the Mayflower Mountain corridor is one of the most dynamic areas of development in the Park City market. Deer Valley is adding approximately 3,700 acres of new skiable terrain, a new base village, and branded residences from Grand Hyatt, Four Seasons, and Waldorf Astoria. A 10-passenger gondola connects the new base to Park Peak at 9,100 feet.
The expansion corridor contains the widest price spread in Deer Valley. Pioche Village condos provide an entry point, while Grand Hyatt residences offer branded ownership with nightly rental programs. Marcella at Deer Valley is positioned among the most exclusive new-construction opportunities in the market. The corridor also accounts for 34 of the 44 properties currently under contract across Deer Valley, the clearest signal of where transaction velocity is concentrated. For the full area breakdown, see Deer Valley Expansion real estate.
Deer Valley vs. Other Park City Ski Markets
Buyers comparing ski real estate in Park City often look at Deer Valley alongside Canyons Village, Old Town, and The Colony at White Pine Canyon. These are different products serving different priorities.
Deer Valley
Skier-only, with controlled daily capacity and the highest price per square foot in the Park City market. Five distinct areas with branded hospitality, estate neighborhoods, and a major active resort expansion. Best for buyers who prioritize exclusivity, service quality, and long-term value protection.
Canyons Village
A broader product range and more hotel inventory (Pendry, Westgate, Grand Summit). Snowboarding permitted. Stronger base-area energy. Better for buyers who want ski resort ownership with lower entry points, broader rental appeal, and a more active village environment.
Old Town Park City
Walkability to Main Street, restaurants, and the Town Lift. Historic character and year-round rental demand, with limited ski-in/ski-out inventory. Better for buyers who prioritize walkable urban access over dedicated ski-resort positioning.
The Colony at White Pine Canyon
Estate-scale ski-in/ski-out at Canyons Village. 4,300 acres with large private home sites, no condo inventory, and no branded buildings. Better for buyers who want the largest possible private ski estate without resort infrastructure or HOA-managed amenities.
Search Deer Valley Real Estate by Property Type
Each property type in Deer Valley has its own page with detailed data, building-level coverage, and IDX search.
Deer Valley Homes
Single-family detached homes across all five areas. Estate neighborhoods, custom builds, and ski-in/ski-out properties.
Deer Valley Condos
Condos and townhomes in branded buildings and resort villages. The largest segment of Deer Valley inventory.
Deer Valley Lots
Vacant land for custom builds. Availability varies by area. Ski-in/ski-out lot inventory is limited.
New Construction
Pre-sale, under construction, and recently completed projects. The expansion corridor dominates new inventory.
Search Deer Valley Real Estate by Goal
Different buyers come to Deer Valley for different reasons. These pages organize inventory by what you are trying to accomplish.
Ski-In/Ski-Out
Properties with direct ski access. Homes, condos, and lots across Empire Pass, Upper Deer Valley, Deer Crest, and the expansion.
Investment Properties
Nightly rental potential, revenue analysis, and properties positioned for income generation.
Work with Derrik Carlson
Deer Valley transaction history, credentials, and market knowledge. Why representation matters in this market.
Sell a Deer Valley Property
Pricing strategy, marketing plan, and Deer Valley-specific selling guidance.
For additional market context, see the Deer Valley market report, which includes year-by-year pricing trends, and the Deer Valley home-buying guide.
Why Buyers and Sellers Use Derrik Carlson in Deer Valley
Deer Valley is not one market. It is five distinct markets with different price structures, ski-access tiers, rental rules, and long-term trajectories. The difference between a well-advised purchase and an expensive mistake often comes down to whether the buyer understood which area, building, and ownership structure matched their actual goals before making an offer.
Derrik Carlson helps buyers and sellers navigate this complexity. What that looks like in practice:
Area comparison
Helping buyers understand which of the five areas matches their priorities before they tour properties in the wrong corridor.
Ski-access tiers
Clarifying the difference between ski-in/ski-out, ski-adjacent, shuttle access, and base-area chairlift access. These affect value differently.
Branded vs. non-branded
Evaluating whether a branded residence (Montage, St. Regis, Grand Hyatt) fits better than a non-branded building with similar positioning but a different cost structure.
HOA and rental rules
Reviewing nightly rental eligibility, minimum-stay requirements, rental management options, and HOA cost structures before an offer is submitted.
Expansion corridor
Guiding buyers through pre-construction decisions in the Mayflower corridor, including delivery timelines, developer commitments, and how the new product compares to resale in legacy areas.
Off-market and pricing
Identifying off-market opportunities and providing pricing guidance grounded in verified comparable sales, not listing-price assumptions or automated valuations.
Deer Valley Transaction History
Derrik Carlson's team has closed 35 Deer Valley transactions totaling $86.0 million in volume, with two more under contract that bring his closed and pending total to 37 transactions and $102.2 million. That production spans 14 years, from 2012 through 2026, and covers all five Deer Valley areas across 26 named developments, with closed prices ranging from $250,000 to $10 million and a pending Expansion residence under contract near $14 million.
That range matters. An advisor who works only in one corridor or price tier lacks the context to compare options across the full resort. Derrik's transactions span Bald Eagle Club estates in Upper Deer Valley, Ironwood and Shooting Star in Empire Pass, Snow Top in Deer Crest, Grand Hyatt and Pioche Village in the Expansion corridor, and Solamere, Pinnacle, Royal Oaks, Silver Baron, and The Oaks in Lower Deer Valley. When a buyer is weighing a townhome in Lower Deer Valley against a branded residence in the Expansion corridor, Derrik has closed transactions on both sides of that comparison.
35
Closed Deer Valley Transactions
$86.0M
Closed Volume
37
Closed and Pending Transactions
$102.2M
Closed and Pending Volume
5 of 5
DV Areas Covered
26
Developments Represented
Production figures reflect Derrik Carlson's closed and pending Deer Valley transactions recorded in the Park City MLS from 2012 through June 2026. Pending transactions are under contract and not yet recorded.
For Deer Valley guidance, call or text Derrik Carlson at 435.200.5478, email Carlson@RealEstateInParkCity.com, or request a valuation through the contact page. For a detailed overview of Derrik's Deer Valley credentials, see Deer Valley Realtor.
Frequently Asked Questions: Deer Valley Real Estate
How much does Deer Valley real estate cost?
Deer Valley real estate ranges from under $400,000 for studio condos in the expansion corridor to over $23 million for ski-in/ski-out estates in Empire Pass. The median sale since 2020 is $2.9 million. Through 2026, year to date, 61 properties have closed at a median of $4.575 million and $1,228 per square foot. The most active price tier remains $2M to $5M.
What are the five areas of Deer Valley?
Lower Deer Valley (Snow Park base, broadest price range), Upper Deer Valley (Silver Lake Village, branded hospitality and estate neighborhoods), Empire Pass (highest elevation, ski-in/ski-out, highest price per square foot), Deer Crest (gated, Jordanelle views, highest median), and the Deer Valley Expansion (Mayflower Mountain, newest development, widest price spread).
Which Deer Valley area has the best ski-in/ski-out access?
Empire Pass has the most consistent ski-in/ski-out access, with nearly every property connecting directly to the ski terrain. Deer Crest offers ski-in/ski-out via a private chairlift. Upper Deer Valley provides ski access from Silver Lake Village. Lower Deer Valley is ski-adjacent through Snow Park Lodge chairlifts rather than ski-in/ski-out.
Can I rent my Deer Valley property nightly?
About 86 percent of Deer Valley properties are nightly rental eligible. Most branded resort buildings such as Montage, St. Regis, Goldener Hirsch, and Grand Hyatt have established rental management programs. Nightly rental rules vary by building and HOA, so verify minimum-stay requirements before purchasing.
What percentage of Deer Valley buyers pay cash?
Since 2020, about 64 percent of Deer Valley transactions have closed in cash. Through 2026 year to date that share has risen to roughly 72 percent of closed sales, reflecting a buyer profile weighted toward second-home and investment purchasers from high-income metropolitan markets.
What is the Deer Valley Expansion?
The Deer Valley Expansion adds roughly 3,700 acres of new skiable terrain along the Mayflower Mountain corridor, with a new base village, a 10-passenger gondola, and branded residences from Grand Hyatt, Four Seasons, and Waldorf Astoria. It is one of the largest ski resort expansions in North America and is reshaping property values across the resort.
For questions about Deer Valley real estate, call or text Derrik Carlson at 435.200.5478, email Carlson@RealEstateInParkCity.com, or reach out through the contact page.
