Property Values in Park City and Deer Valley, Utah

When determining Park City, Utah's real estate values, you need an up-to-date analysis of relevant properties. A "Relevant Property Analysis" is a more in-depth look at what other brokers call a "Comparative Market Analysis" or a "CMA."

The recent appreciation of Park City and Deer Valley properties can make it challenging to pinpoint an exact price at which a property will sell quickly. Therefore, when selling a property, my goal is to balance your timeline with receiving top dollar for your property.

Want to know what your Park City home is worth? Ask Derrik

Park City Home Value Finder

Trying to figure out the fair market value of your home or one you're interested in purchasing? Enter your address below, where we use artificial intelligence to help gauge the property values in zip codes 84060 and 84098. Of course, every home is different, so it won't be perfect, but it's a simple way to start. This system works best with houses or condos but may not be able to take your level of finishes, views, or special features into account. Nevertheless, this is the easiest way to find an estimate of your Park City home's value!

I often hear from condo, home, and luxury owners curious about a realistic price range for which their homes may be sold. I offer a FREE professional consultation that determines the fair market value of your property in the Park City area.

What's My Home Worth Online Value Estimators may have their place to help determine the value of a home in a largely populated area where all single-family homes are built from the same materials and all views are similar, but here in Park City, they are often highly inaccurate.

An online thinking machine can't consider Park City real estate value differences. For example, views, quality of construction, ski access, school district, location desirability, if the property is within city limits, etc. In addition, values can change dramatically by entering a gate or crossing a street.

There are too many factors that an online tool CAN NOT calculate. Another reason you need a professional to dig in and get the data on the homes sold in your neighborhood is that Utah is a non-disclosure state where home sale prices are never public knowledge. However, I'm happy to get you more information about the number of sales and the increase in the median price of Park City home and condominium sales.

In current market conditions, a "show-ready" home or condo will sell quicker than a fixer-upper with the potential of equity for the next homeowner. If you are thinking about upgrades or remodels, call me, and I'll let you know if you will likely recapture your money and if the upgrades are in a style that will help sell your home quickly.

Five Easy Ways to Determine Your Property's Value

  1. Enter your information above and see what the Park City property value estimator returns for a number - the easiest but least accurate way to determine your property's value.
  2. Fill out the home value estimator form below. Then, I will enter your property's information into a global banking system to generate a more accurate value for your property in Park City, Utah.
  3. I can use the information from the form below to do a Park City MLS Relevant Property Analysis. If I have access to photos of the property and any recent updates, this will be reasonably accurate.
  4. The best way to determine what your real estate is worth is to build on numbers two and three above. If I can do a bit of research before viewing your property and visiting the property (home, condo, or lot), I'll be able to get a feel for the property in its entirety. Deer Valley Resort, Park City Mountain Resort, Park City, and Snyderville Basin have world-class properties that may take additional research to help arrive at the property's actual value.
  5. View what the competition is by viewing every Park City MLS Listing in your neighborhood

Items to Note When Submitting a Property Value Request

  • Your information is confidential and will never be sold to an outside party.
  • If you're seriously considering selling your Park City property, limit the number of real estate agents you speak with and try to hold back on items that could hurt you in negotiations down the road.
  • If you've been looking for a Park City real estate professional in Park City, Utah, to represent you, don't hesitate to contact me. I will be an advocate for you! I do not participate in Dual Agency, where the listing agent is neutral in the transaction and only a facilitator - my goal is to help meet your objectives and exceed your expectations.
  • I offer a One Day Listing Guarantee. This guarantee is what it sounds like, you cancel your listing after 24 hours on the market without a long-term binding agreement. 
  • If you would like additional feedback on your property's value, I'm happy to have additional Park City realtors preview your home and give the perspective of a buyer's agent.

Vacant Land Values

The value of land within a subdivision such as Promontory may be much easier to determine than in the neighborhood of Park Meadows, where there are few lot sales. I learned one thing in my college economics class: supply and demand. The demand for building in Park City has been high for the past few years, but there are areas of town with tremendous demand but low supply.   

A while back, I sold an 8,000+ square foot ski home for around $5,000,000. The neighboring lot was vacant, and I told my client that it could be built on or go up for sale someday. A few months later, that lot with the same views and just a bit smaller acreage came on the market for sale. 

While you would think that the land would sell for a dramatically reduced price because you still have to build a home, that wasn't the case. The supply for priced parcels is deficient and that particular lot sold for over $4.2million. That was an extreme example, but it shows the complexities of pricing land sales in Park City.

The Best Way to Find Park City Real Estate Values

The most accurate way to find your home's value is the Old Fashioned Way by us doing the work. This process is more complicated than some websites make it seem. Zillow uses Automated Valuation Models that can help get a general idea, but because Utah is a non-disclosure state, these websites don't have the ability to view information such as sales records. Zillow's CEO may have shown this best when he sold his home for 40$ less than the Zestimate.

When an excellent view can be worth 20% to 30% and ski-in-ski-out access is worth millions of dollars - it's vital to know your property's value.

When determining Park City property values, it is important to use recently sold data coupled with market trends to find your fair market value. By combining this information and in-depth knowledge of every Park City neighborhood, Derrik Carlson and his real estate team can find the most accurate estimate for your home's selling price.

Let Us Help You Find The Value of Your Property

Provide a valid email address.

Mailing Address

Property Information

Please list the additional amenities of your house.

Derrik Carlson is a National Association of Realtors member and adheres to the Realtor code of ethics.