Park City Utah Real Estate Blog

Park City July 4th Celebration Parade

For 2021, Park City is changing up the schedule for one of our most popular holidays. Independence Day in Park City is widely regarded as one of the best times to visit. Over the years, this holiday has seen packed crowds, throughout the day, with many family-friendly activities. Park City has decided to space the holiday celebration over three days to space out the crowd levels as we emerge from the COVID pandemic. This year, the 4th of July falls on a Sunday. The famous Park City Parade will be on Friday the 2nd. For Saturday the 3rd, we'll have the Air Force Flyover and outdoor concerts at Park City's Canyons Village. Sunday will feature the Park Silly Sunday Market and a car-free Main Street.

We also want to remind the community that under the

620 Views, 0 Comments

empire pass deer valley resort utah summer

Summer is back, and we are starting to see visitors return and the town filling up again. So many people are back out at the Silly Market, Deer Valley concerts, hiking, biking, boating, fishing and golfing; life seems to be reasonably well back to normal. As people continue to make dramatic lifestyle-focused changes, real estate remains very active throughout the country, with mountain towns such as Park City seeing robust sales. The COVID pandemic is winding down, and the rebounding economy and opening of travel continue to fuel buyers' decisions to purchase a second home in their favorite vacation destinations.

If we compare the last 12 months to the previous 12 months for the Park City MLS (all product types), the trend continues with low

220 Views, 0 Comments

Heli skiing at Diamond Peaks
Photo Credit: Luke Kupersmith

Heli Yeah!

Accessing Utah’s backcountry via an aerial elevator is the ultimate lift.

The dream: heli-skiing in Alaska.

The reality: sitting around in a drafty lodge, playing games on your phone, and waiting for the conditions to improve or the storm to clear so the choppers can fly.

When you [hope to] heli-ski up north, it’s not uncommon to spend several days (sometimes your entire vacation) doing everything you can to take your mind off the fact that you’re not skiing.

So how do you fulfill the quintessential skier’s dream without taking out a second mortgage and pledging personal sacrifices to Mother Nature’s collection of heli gods? The answer is Utah’s Diamond Peaks Heli-Ski Adventures.

Located in the

2,730 Views, 0 Comments

New salt lake city airport

Image courtesy of slcairport.com

Whether you’re visiting Park City for Spring Break, or planning a vacation after the resorts close, you’re cleared for takeoff at the new SLC International Airport.

Stunning architecture, museum-quality artwork, couture shopping, and five-star dining. These amenities likely conjure thoughts of London, Paris, or New York City — not commercial air travel. But believe it or not, they’re also fitting ways to describe the new Salt Lake City International Airport.

Lauded as a “cathedral to transportation,” Phase I of the country’s newest airport opened in September of 2020 after 25 years of planning and over three years of construction. Topping out at over four million square feet and a $4 billion price tag, it’s

524 Views, 0 Comments

upper deer valley ski resort homes

For many reasons, 2020 has been a crazy year that we will surely never forget. As we reflect on this past year, progressing through another busy holiday season, we feel very fortunate to live in a place as wonderful as Park City, Utah. When the pandemic started and the ski resorts closed earlier this year in March, we anticipated the real estate market would essentially shut down. In contrast, real estate in Park City has thrived.

As of December 22, comparing year-to-date of 2020 to 2019, we see some significant numbers. Interestingly, we see almost the exact amount of total listings of 7,001 in 2019 to 7,021 in 2020. However, the number of listings under contract grew dramatically from 3,005 to 4,577 - a massive 52% increase. In closed sales, we

1,245 Views, 0 Comments

luxury home in park meadows in park city utah

When people ask, "What is the real estate market like right now?" our answer is, "Remember back in March when you were trying to buy toilet paper... Well, it's kinda like that."

What a crazy summer it has been here in Park City. With Coronavirus concerns throughout the country and the world, we have so many people relocating to our normally quiet little mountain town. Everyone who has a second home or vacation condo in Park City has been staying here all summer. Many of these residents have been buying larger properties to upgrade to living in Park City full-time. We also have many new visitors in town, buying property, making Park City their new home. Never has our market seen so many luxury home purchases, with so many record sales and new

2,658 Views, 0 Comments

Pending Listings By Week In Park City Utah

Facts and Observations on the Real Estate Market in Park City, Utah.

Hard to believe it's the last day of June, and we are almost at the 4th of July weekend. You would think a pandemic would cause the time to drag along; instead, the days have been rushing by. It's hard to keep track as to what day it is. The July 4th holiday is typically the unofficial start to the busy selling summer season. With activity so high already, we wanted to review statistical data for the year.

The Facts

For the entire Park City MLS, year-to-date for all product types, and all categories, comparing last year to this year.

Total Active Listings
4,782 last year compared to 4,269 this year - Down by 11%

New Listings
2,507 last year compared to 2,157 this year -

1,802 Views, 0 Comments

Summit County Issues New Joint Public Health Order: Masks Required in Community Gatherings and Publicly Accessed Indoor Spaces

The Summit County Council has adopted Joint Public Health Order 2020-08, requiring “all individuals currently living within or visiting Summit County, Utah, to wear a face covering that completely covers the nose and mouth” under certain conditions. This exemption was approved by Governor Gary Herbert based on a request sent by Summit County Council Chair, Doug Clyde, Summit County Manager, Tom Fisher, and Summit County Health Director, Dr. Rich Bullough. This Order went into effect at 12:01 am on Saturday, June 27, 2020.

Joint Public Health Order 2020-08 requires mandatory face coverings in any indoor spaces that allow the

525 Views, 0 Comments

silver star condos in park city utah

The Memorial Day weekend is now here, typically the kick-off to the Summer selling season for real estate. For 2020, the typical trends have been turned upside down due to the ongoing pandemic of Coronavirus, or COVID-19. In Park City, Utah, things got real when on March 15th, both Park City and Deer Valley ski resorts made the tough decision to shut down the season early. That was when most Parkites began to "shelter in place," and resort workers and tourists began to leave town.

These events affected all commerce, including the real estate market. We have been watching data closely and reporting on the market trends. While most real estate outlets report on a simple comparison of Q1 2020 to Q1 2019, we choose to present more detailed information.

1,772 Views, 0 Comments

Old Town Park City in Summer

As expected, activity is down by significant levels. However, it is fascinating that in these six difficult weeks, we saw 164 new sales go pending, 217 closed sales, and no decline for median or average price. In just these last six weeks, buyers purchased nearly $240,000,000 of real estate in the greater Park City area.

Below is a summary review looking at real estate market trends for March 15th to April 28th – the first six weeks of living under the new Coronavirus "Stay Safe, Stay Home" directives. For the total of the Park City MLS, all areas, all property types, we see the following trends:

ACTIVE LISTINGS
2,801 last year to 2,403 this year = Down by 14%

NEW LISTINGS
525 last year to 322 this year = Down by 39%

NEW UNDER CONTRACTS
345

788 Views, 0 Comments

Have a Question?

Contact Us

Follow Us