Residential real estate inventory in Utah is now half of what it was in 2019. The buyer profile has also dramatically changed. The work-from-home and distance learning lifestyle has allowed families more flexibility to live where they choose. For many, the lure of vacation destination towns has always been attractive, but now finally achievable. Out-of-state buyers from larger city markets have been influencing Park City market prices by what they are willing to pay, rather than more traditional methods of pricing being determined by analysis of recently sold comparable properties. The average and median home prices have been rising at a rapid pace.
The Kimball Arts Festival is back for 2021, after being canceled due to the pandemic in 2020. The "Arts Fest" has been a long-time favorite event for Park City's summer tourism season. Parkites especially love this event, with free access on Friday evening for locals. The Festival runs from Friday evening through Sunday. Adult tickets are $10 per day, kids at $5, and five and under are free. VIP passes are also available.
In addition to Park City's numerous bars and restaurants up and down Main Street, Kimball Arts Festival partners with local restaurants and food trucks to host featured culinary artisans. Mountain Town Music will provide local and regional music guests on two outdoor stages.