Local Area And Real Estate News

Summit & Wasatch County 2017 Annual Home Sales Statistics

By keziah
Jan 26, 2018

The Park City Board of REALTORS® has released annual statistics for Summit and Wasatch Counties. The 2017 year-end summary report indicates the overall real estate market continues to be healthy, steady, and growing at sustainable rates.

The number of single-family home transactions and the median sales price grew at 5% and 14% respectively over the past year. 84% of these sales occurred outside the Park City Limits, as primary home buyers’ demand for the Wasatch Back lifestyle increased. The number of condominium transactions and median sales price grew at 4% and 6% respectively from 2016 to 2017. Condominium sales grew at a slightly faster pace inside the Park City Limits than in other areas in Summit and Wasatch Counties.

You In Park City's Todd Anderson, President of the Park City Board of REALTORS® commented, “These growth rates are highly sustainable. We believe the real estate market in Summit and Wasatch Counties is balanced between buyers and sellers. That being said, the market could always use more inventory.”

Remember that these overall statistics are simply a snapshot at a moment in time and may not be representative of long-term trends. Summit and Wasatch County markets are composed of numerous hyper local markets. More granular statistics are shown below. Buyers and sellers are encouraged to contact a You In Park City Realtor® to find answers to specific real estate related inquiries and fully understand trends in the overall market as well as specific areas of interest.

Year-Over-Year Single Family Home Sales

Sales inside the Park City Limits increased by 13% and median sales price increased by12%.


Park Meadows sales were flat but median sales price increased 13%. Old Town sales increased 30% but median sales price increased only 2%. Prospector sales increased 30% and median sales price increased 7%. Sales in the Snyderville Basin increased by 7% and median sales price increased by 6%.


Sales in the Canyons area were up 13% but median sales price decreased 31%. Sales in Silver Springs were flat and median sales price increased 6%. Pinebrook sales were also flat but median sales price increased 7%. Jeremy Ranch sales increased a healthy 25% and median sales price increased 5%. Promontory continued to grow as sales increased 20% but median sales price decreased 14%. Other Summit and Wasatch County Area Highlights:

Heber Valley sales decreased slightly but the median sales price increased 15%. Jordanelle sales increased 66% and median sales price increased 9%. Kamas Valley sales increased 4% and the median sales price increased 1%, while Kamas and Marion sales were up significantly and median sales price increased 3%. Oakley and Weber Canyon sales and median sales price decreased 13% and 2% respectively. Wanship, Hoytsville, Coalville, Echo, & Henefer sales increased 13% and median sales price increased 9%.

Year-Over-Year Condominium Sales

Sales inside Park City Limits increased by 14% and the median sales price increased by 6%.


Old Town sales led the way with a 19% increase but the median sales price was flat to last year. Lower Deer Valley sales increased by18% and the median sales price was up slightly. Prospector sales and median sales price were essentially unchanged from 2016 to 2017. In the Snyderville Basin sales decreased by 4% and the median sales price increased by 6%.


Canyons sales decreased 6% and the median sales price also dipped 10%. Kimball sales increased 3% and the median sales price sales increased 33%. Pinebrook sales decreased 17% but the median sales price increased 10%. The number of condominium sales and median sales price in the Jordanelle area increased by 1%. Similarly, the number of Heber Valley sales and median sales price were flat to last year.


At a 40,000-foot level, the Greater Park City Area real estate market looks healthy and steady. However, each micro-market needs to be understood apart from the overall market; simply reviewing the numbers is not suficient to understanding property value. Sales in individual markets can be influenced by a number of factors, including unique outlier sales that can heavily weight the statistics. In addition, amenities, property condition, floorplan, location, inventory, and new construction impact the numbers. The only sure way to fully understand the real estate market in Summit and Wasatch Counties is to contact a You In Park City Realtor®.

Deer Valley Real Estate Sales Half-Way 2014

By Todd Anderson
Feb 25, 2014

Half-way 2014? Yes, we are now just over half way through the ski season for 2013-2014. And it is time to look at how real estate sales are shaping up in Deer Valley and Park City, UT.


So far for the 2013-2014 ski season the greater Deer Valley area Lower Deer Valley, Upper Deer Valley, Deer Crest and Empire Pass) has seen 23 sales. The sales include 1 building lot, 17 condominiums and 5 single family homes. These numbers are way down when compared to the 41 sales for the same period last ski season (8 lots, 25 condos and 8 homes). In terms of snowfall and ski season visitors, the season has been very similar to last year. So what has changed?

Ski condo


Inventory: Inventory levels have changed in multiple ways. The amount of inventory on the market to choose from has diminished. There are currently 64 homes, 158 condominiums and 33 building lots available in the greater Deer Valley area. Many of the homes and condominiums for sale are in need of updating. The quick reservations that were put in on the Stein Eriksen Residences show that the market is ready for new contemporary finishes (although some of these reservations are likely speculative purchase reservations).


Pricing: Prices are rising quickly on the more affordable condominiums in the area (possibly beyond what the market will bear) and nearly 70% of the available condominiums in the Deer Valley area have asking prices over $1M.


Pending Sales: There are currently more pending Deer Valley real estate sales than there were sales in the past two months. If these sales all close, the number of sold units in Deer Valley will be much closer to that of the 2012-2013 ski season.


When I spoke with a few other area realtors about the Deer Valley real estate sales stats for the ski season so far, a few offered that the impact of Vail running Canyons Resort may be having an adverse impact on Deer Valley sales. The sales stats show the Canyons area to be flat compared to last year, so there has been little to no impact yet from Vail Resorts taking over operations at Canyons.


When taking everything into account, homes and condos in Deer Valley are selling. The options that are well priced and updated move quickly and while prices are increasing due to lack of inventory, the jump may not be as rapid as some Sellers would like. For more information and assistance in Buying or Selling a Deer Valley or Park City property contact a local real estate professional at YouInParkCity.com (888)968-4672.


A Deer Valley Real Estate Tour on Skis

By Todd Anderson
Jan 28, 2014


Resort real estate in Park City is a very large portion of the market. Many of the homes and condominiums in and around Park City are second homes with out of state or international owners. Homes located very near to or on the ski slopes are a very special commodity. I compare these properties to homes on the beach…there are only so many that are directly on the beach (a block away is not the same as on the water or boardwalk). A tour of the slope-side homes and condominiums in Park City can take hours and cover many miles as well as many different price points.


Deer Valley offers the most ski-in/ski-out opportunities in the Park City area; at the time of this writing there were nearly two hundred properties for sale within 100 yards or so of the ski slopes with prices starting at $90,000 for shared ownership and $600,000 for whole up to over $20,000,000 for the ultimate in ski-in/ski-out luxury estates.


To see these Deer Valley homes and condominiums on skis, we’ll start from the Snow Park base area of Deer Valley Resort and focus first on homes and condominiums in and around the Bald Eagle Mountain area of Deer Valley. At the base area there are three options within the 100 yard range of the slopes (four if you include the St. Regis Hotel, but that will be part of another tour); Powder Run just north of the main entrance to the resort, Black Diamond Lodge next to the Wide West (beginner area) and Trails End just off the Success ski run. All three of these condominium options are walking distance to Snow Park while Trials End has ski-in access and Black Diamond is ski-in/ski-out.

Deer Valley homes on skis


Take the Carpenter lift from Snow Park at Deer Valley and exit the lift with a hard left turn to the Success Ski Run. At the base of the first pitch of Success, the Stag Lodge is on your left. Continuing straight puts you on the Last Chance Ski run there are currently 4 homes here in the Evergreen subdivision for sale with direct access to the Last Chance Ski run plus the new construction of the Stein Eriksen Residences which will offer 16 homes and 38 luxury residential condominiums. Bearing left to the Silver Dollar Ski run you’ll pass the elevator and ski access for the Belle subdivisions (Bellarbor, Bellemont, Belleterre, and Bellevue) the ski run has many of the Belle’s on your left. Continue on the run which loops back to Last Chance and merges with Success back to the Snow Park base area.


Another trip up the Carpenter chair and this time continue straight after exiting the chair. Half way down the Silver Link run is an access trail before going over the bridge. This trail will access Double Eagle, and Cache subdivisions; across the street is trail access to ski down between Aspen Hollow, Ridgepoint, Trailside and the Woods. This ski access trail eventually merges with Last Chance and once again down into Snow Park. The access trail makes these condominiums more ski-out than ski-in, but still you are skiing without having to get in a car or shuttle.


One more time up the Carpenter lift from Snow Park and skiing on the Silver Link run; this time go over the bridge. A hard right will put you into the Sterling Lodge, Deer Valley Club, and Sterlingwood subdivisions. Continuing down Silver Link, take a left turn onto McHenry and ski down to the Crown Point chair lift. The top of the chair provides access to most of the homes in the Bald Eagle Club Subdivision. From the chair it is a left to the Sunrise Run, or a right down Kimberly to Rising Star and Roamer with options leading to the Deer Crest area via Navigator or Little Stick (that leads to tour #2); stay on Kimberly to Big Stick and ski back into Snow Park.


The routes described above will lead you through the ski-in/ski-out homes with direct access to and from the “lower Mountain” portion of Deer Valley and the Snow Park Base area.


Of course one of us at the YouInParkCity.com team would be happy to take you on any of these tours…


For more information on ski-in/ski-out Deer Valley and Park City homes and condominiums contact www.YouInParkCity.com (888)968-4672.


Deer Valley Real Estate Sales 2012

By Todd Anderson
Mar 17, 2012

Real Estate sales in Deer Valley, Utah for the current year.


We here at the YouInParkCity.com group keep a constant eye on what is going on in Park City real estate through a consistent watch of the Park City MLS, regular open house attendance, talking with other agents and monitoring what our clients and local visitors tell us among other things. A recent post indicating that Deer Valley sales were on an uptick caught our eye. Here is a summary of what we found to be true:


Deer Valley from the ski lift


Current Park City MLS data shows that there have been 40 sales of homes condominiums and vacant land in Deer Valley since the first of the year. This number is almost identical to the real estate sales for the same period for last year. The average sales price is down a bit at just under $2 million, but the median sales price (half above and half below) is off by nearly $1M. So, thus far in 2012, half of the real estate sales in Deer Valley have been for less than $1M. While we are still seeing movement in the luxury market with sales at the Montage and St Regis Deer Crest hotel residences, real estate sales of above $2M in Deer Valley are currently off by 25% from this time last year. The 16 current pending sales represent a possible upward movement if they make it through to closed sales.


Overall the Deer Valley real estate market is a somewhat mixed bag with pockets of strengths and weaknesses but overall fairly stable in relation to last year. For an in-depth analysis of the portion of the Deer Valley or Park City real estate market that interests you contact a realty professional with YouInParkCity.com at (888)968-4672.

Existing user sign in: 
Forgot Password?