Park City Market Statistics Report for Q1 2026

Park City Market Statistics Report for Q1 2026

A quick snapshot summary of the real estate market in Park City, Utah. This report data includes the MLS areas of Park City (Summit & Wasatch counties) — Market Summary (period ending 3/31/2026). The greater Park City real estate market began 2026 with contrasting trends. Single-family home sales pushed ahead—transactions rose 14%, and total volume increased 9% versus Q1 2025—while the condominium sector slowed sharply, with notable drops in both units sold and total volume. Beneath those headline figures, the picture is subtler: prices largely held steady or climbed, and the rolling 12‑month data (April 2025–March 2026) paints a steadier, more optimistic view. What looked like a mixed Q1, taken in…

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New Development - The Havens at Deer Crest

East West Partners has just introduced its newest ski-in, ski-out development at Deer Valley® Resort and is now taking reservations of interest.

Known for some of the most successful properties, including Founders Place, Argent, One Empre Pass, Flagstaff, Arrowleaf, Larkspur, Paintbrush, and Shooting Star, East West has a proven track record as one of the largest developers in the Deer Valley and Park City communities.

The Havens is an exciting new luxury development situated in the prestigious Deer Crest community at Deer Valley® Resort, Utah. This boutique collection of 32 slopeside residences offers direct access to the Jordanelle Gondola, ensuring seamless entry to Deer Valley’s renowned ski terrain—making it a dream destination for ski…

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Deer Valley's New Pinyon Express Chairlift

There is another new chairlift open at Deer Valley® Resort this season. The new Pinyon Express chairlift is a brand-new six-pack chairlift that also features heated seats and a bubble that comes down to protect riders from the wind. This is a relatively short lift located high up on the mountain and will offer some very easy green and blue trails for beginners and lower-intermediate skiers. The base of this new chairlift is located just at the bottom of the Trump ski trail, where it meets the popular Ontario ski run.

This new section of the resort is easy to get to from either Empire Pass or from Deer Valley's East Village community. From the East Village, there is a very long East Village Gondola that takes you from the new resort base all the way…

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Deer Valley East Village Update

What is happening at the new Deer Valley East Village? Quite a lot. There has been strong sales activity over the last year, and more options will soon hit the market. If you have been watching this community grow and have any interest or questions, reach out to us, and we can keep you updated on everything happening in this highly anticipated resort village.

Construction of Deer Valley’s East Village Lodge (Village Skier Services Facility, or VASSF) is progressing rapidly, with substantial completion expected by September 2026. Temporary skier services will be available for the 2025/26 ski season. Current construction updates include completion of the concrete structure, the first section of the steel roof for Building A and the Gondola Access…

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Why a 50-Year Mortgage Is a Terrible Idea

Recently, there has been discussion in the news about the possibility of introducing a 50-year mortgage as an alternative to the traditional 30-year mortgage, which is the industry standard. At first, it might sound like an innovative solution to improve home affordability. However, upon closer review, it actually poses serious disadvantages for consumers.

The first issue is the timeframe to pay off the home loan. The average age of a first-time homebuyer has been steadily rising. Let's consider a typical 30-year-old buying their first home. If they opt for a traditional 30-year mortgage, they would pay off the home by the time they reach age 60. During retirement, they would only need to cover property taxes, insurance, and routine…

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Deer Valley Doubles in Size and Unveils New Ski Map

Deer Valley has just doubled its size, with skiable terrain that now totals more than 4,300 acres.

They have just unveiled a new updated trail map for this ski season, showcasing seven additional chairlifts and nearly 80 new ski runs to open this winter.

One notable highlight on the map is the new 10-passenger East Village Express gondola that will carry guests from the East Village base area all the way up to new trails at Park Peak.

Additional terrain and lifts are planned for Hail Peak in the 2026-2027 season, followed by future development on South Peak in later phases.

The resort is scheduled to open early for season pass holders on Saturday, Nov. 29. They will open to the public Dec. 1.

Link to the new updated Ski Trail Map PDF on…

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Top Reasons to Use a Buyer's Agent for Your Vacation Home Purchase

Buying a vacation home is a significant investment, often more complex than purchasing a primary residence. While it might seem tempting to navigate the process alone to save on commission, engaging a buyer's agent offers invaluable expertise and can ultimately save you time, money, and stress. Here are the top reasons why hiring a buyer's agent is a smart move:

1. Local Market Expertise:
Buyer's agents specializing in vacation home markets possess in-depth knowledge of specific areas, including pricing trends, neighborhood characteristics, and hidden gems often overlooked by out-of-town buyers. They understand the nuances of the local real estate landscape, helping you find properties that perfectly match your needs and budget. For Park City and…

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Founders Place is Releasing its Last and Final Building

Founders Place is a unique and special mountain enclave at Deer Valley Resort, offering true slopeside ski-in/ski-out living in the gated alpine community of Deer Crest. Surrounded by pristine open space and free from road noise or long-term construction, Founders Place delivers a serene, personalized lifestyle nestled at the base of the Mountaineer Express chairlift. The Phase III Otto brings 24 new, exceptional two-, three-, and four-bedroom residences as well as an array of stunning penthouses to the slopes of Deer Valley. This new building boasts updated floor plans featuring spacious layouts. Founders Place is already an amenity-rich development, but new for Founders Place Phase III is the Wellness Den, a self-service recovery area at the base of…

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December Holiday Events in Utah

December in Utah offers a distinctive blend of natural beauty and seasonal charm. The mountains are covered in fresh snow, offering some of the best skiing and snowboarding in the world. Cities come alive with holiday lights and local traditions. In southern Utah, snowy landscapes contrast strikingly with red rock formations, offering a rare and unique perspective. Below is a selection of events across the state to make this season even more memorable.

Wasatch Front (Salt Lake City)

Christmas in Color
Now through December 29th
Utah State University Bastian Agricultural Center
Learn More

Christkindlmarkt SLC
December 4th - 7th
This is the Place Heritage Park
Learn More

Luminaria
November 14th - January 4th
Thanksgiving Point
Learn More

Wasatch…

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2024 Sotheby's International Realty Mid-Year Luxury Outlook

The brand’s first-of-its-kind mid-year report, delves into the pivotal, forward-looking issues shaping luxury residential property markets around the world.

We are pleased to introduce the 2024 Mid-Year Luxury Outlook℠ report by Sotheby's International Realty, which outlines the industry trends and happenings across high-end residential markets around the world. This year, policy shifts and global elections across nearly 80 countries are likely to impact property markets as voters hit the polls, and the trajectory of U.S. interest rates remains a key watchpoint for buyers, sellers, and international observers. Meanwhile, cultural investments like new museums and major art projects continue to mold desirable neighborhoods and bolster property…

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